Hello Chop welcome to YT! It seems you bought a rare
tractor capable of reverse psychology. Maybe more
like it is capable of reverse roles which all in all is not
that uncommon. What I mean is you probably had
intentions of working the tractor, instead the tractor is
going to work you. I am no expert on your particular
machine but know enough to have a pretty good idea
of what you have going on. The plate covers a cavity in
the tractor that is what is referred to as a dry cavity.
No oil should be in there, see link section 03-
Transmission, subsection 07U01 part 3. The area is the
location for the torque converter to sit and spin in. Is
the oil leaking black? If so then it is engine oil from the
rear main crankshaft seal. If this is what you find I
would check the engine oil for being overfull. If it is it is
likely that your injection pump is leaking fuel into the
engine oil causing it to overfill. There is a possibility of
correcting that problem and keeping the engine oil at
the proper level may fix that leak. Secondly, if the fluid
leaking is more clear hydraulic fluid used in the
transmission, then it is coming from
the torque converter seal or other items on the front of
the transmission. Again in section 03, subsection
07U02, I believe there are mislabeled parts in the
diagram, 56 should be the seal. For whatever reason
the orientation of the parts in this 2nd diagram is
opposite of how they actually fit in the housing per the orientation of it in the diagram.
Unfortunately, replacing that seal or the engine rear
main seal requires splitting the tractor. Did the party
selling the tractor overlook telling you about this
problem? Maybe it was bought through an online
auction?
CNHI Ford 4500 online parts catalog