Hi Guys,
Thanks again for all your input and advise. I went today and was able to do a little trading in order to secure the deal.
Though he wouldn't budge on price, he had a brand new Baldor 5hp motor, 3 sets of dies, pulley, mounting brackets and mounting plate, etc. that I was unaware came with it. Threw in a couple of metal tables, another electric motor, etc.. I'm happy!
Now to get that big dog home :-)