I may just be over sensitive but I think the noise is hydrualic pump noise. You now the sound you get from an automotive power steering pump when it has air in it or low on oil.
The Cat drive motors are some of the quietest in the industry. They will be noisier in extreme cold until the oil warms up but in regular use should be fairly quiet. You say you bought the machine used, do you know the hydraulic oil and filter are in good shape?