Have to make quick decision on tractor

[AndrewKing]

Hi All,
This is kind of an emergency (last minute atttemmpt to get info before buying a tractor or not)....

I am looking at what the owner says is a Ford 4010
industrial loader....It as a 3 pt hitch and PTO and a platform for a backhoe attatchment...

The tractor leaks in 2 places...The power steering pump and underneath the tractor around mid way there is a hole with what looks like a bent cotter pin in it....when you move the pin in the hole a bunch of fluid leaks out....Fluid leaks are bad but what could be causing this? ....I assume the fix would be to split the tractor and see what is leaking but is this a big concern?.....Interestingly I looked under my 8N and it too has a hole with a bent cotter pin in it....but on mine no leaks....

The tractor seems to work OK except for the 2 leaks....I suppose power steering pumps are easy to come by or rebuild?....It has a 4 cyl diesel and seems very powerful.....Owner is wanting $2350 for it.....I really like the unit but the leaks worry me....esp the one through the cotter pin....Also, the hyd fluid looks a little milky....I guess this is from water??

Thanks for any and all help.
Andrew


PS My Email address is "Andyinchvill@earthlink.net"