I’ve noticed that. Piece of junk old cars for $4-8,000 with $995 down payments or thereabouts. That explains it.
“I’ve noticed that. Piece of junk old cars for $4-8,000 with $995 down payments or thereabouts. That explains it.”
This is partially due to Cash for Clunkers. It is also impacted by inflation. I have a subscription to Hemmings where the US advertises its old cars. A ‘64 SS that five years ago went for around $5k or maybe $10k if it was special in some way is now $35k. These aren’t even drivers. These are collector cars. But a ‘55 Dodge 4 door that never exceeded $5k for three decades is also in the mid $30’s. I’m not sure it’s the same phenomenon as used car prices or if formerly sub-value special interest cars has been caught up in the used car bubble hype.
A new car by comparison is a great value in comparison at the same $30-35k.