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!
Sign me,
Your Dad
We (Jennifer) bought our first new car in 1989 a Chevy Cavalier VL (Just so you know VL means “very limited”)
No
Power windows
Power locks
Air conditioning
Rear defroster
Automatic transmission
Radio
And it had the most basic tires and rims you could imagine
It was $6500