If it is truly 475 Michigan loaders you are interested in, than I would warn you to stay far, far away from them, unless you are truly gifted with more money than the Canadian national treasury
What a load of crap! The Michigan 475 was an excellent machine, and as reliable as any Cat of the same size. I owned 6 of them, and purchased them all used, and they made me a lot of money, and they provided superb service.
To say that few were produced is also crap. Several thousand of them were produced over 22 years of production between 1966 and 1987.
We had sizeable contractors here in Oz in the early 1970's who had a small fleet of them running in a remote gold mine, and those 475's racked up 50,000-60,000 hrs each, in extreme working conditions.
They were used in the huge salt production operations of Dampier Salt in the NW of Western Australia for nearly 2 decades, and provided sterling service in conditions that would kill any machine (heat, salt, long hours).
The transmissions in the 475's were as simple as they come. A spur gear transmission with clutch packs on the ends of the shafts that were readily and easily accessible any time.
Try comparing a quick and simple 475 clutch repair, with a Cat transmission, with its mega-$$ clutch packs, and inaccessible transmission.
The VTA-1710 Cummins in my 475's was a superb piece of engineering - quiet, reliable as the day is long, and totally fuel efficient.
Working one of my 475's against a 992B on the same job, saw my 475 continuously using less than 70l/hr, as against the 90l/hr of the 992. Both were 700HP.
The brakes were the 475's biggest failing, and failure to upgrade the braking system was the reason the Michigans fell out of favour.
Numerous corporate reshuffles that involved multiple ownership changes, and a myriad of other corporate c*ck-ups were the main reason why the Michigan loader line fell out of favour. It wasn't anything to do with the basic design.
Remember, that Clark and Michigan had huge loaders out and working, long before Cat even sat down at the drawing board, to design 988's and 992's - and you then begin to understand that these machines were leaders in the big loader market long before Cat even produced a single large loader.
The problem was that no-one in the Clark/Michigan/Volvo/Euclid mish-mash of corporate share-shuffling and chicanery, ever gave a dollar towards updating a design that was initiated in the early 1960's.
As a result, the Michigan loaders fell behind, because no effort was ever made to update them to match the competition. The head honchos in Clark/Michigan were more interested in share-shuffling than improving their product line.
Volvo made an basic attempt to upgrade the Michigans after they took over the company - but it was very obvious that Volvos upgrade was a "quick-fix" that involved minimal money, and that they had no interest in spending the required money to update what they obviously saw as an obsolete design.