Seeing the price of used cars is a reality check for me. I’ve been quietly looking for a new ride for some time. With the average car price now being $29,011 for a used model, maybe I need to adjust my budget or at the minimum my expectations. That’s around $520 per month when financed. Going for a new vehicle will set you back nearly $46,000 on average.
It seems like the older I get, the more difficult it is to realize how much things cost in today’s dollars.
I bought my first used car in 1965 for $495.00. I bought my first brand new car in 1971 for under $2561.00.
Now, you have a better idea
how your father has been feeling about the costs of things for the past 25 years!
We (Jennifer) bought our first new car in 1989 a Chevy Cavalier VL (Just so you know VL means “very limited”)
And it had the most basic tires and rims you could imagine
It was $6500