Today a vehicle that cost $25,000 new and is 10 years old with 180K miles sells for maybe $5000. So 1/5 of new cost. My 1956 Ford cost $50 when it was 8 years old. 1/44 of the new price. Something has certainly changed with the disparity between new and used besides 25 cents per gallon gasoline (cheapest I ever saw it where I grew up).
Looking at it another way. Late 60s there were plenty of good running cars around for $50. What is bottom dollar today for used car that does not need lots of work? Likely $1000 if lucky and usually higher? That is well over 100,000 miles on it. So maybe 20 times higher? Back to the price-of-gas analogy, that would make regular gas today priced at $5 a gallon, and a cheap new car priced at $44,000.
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Today's Featured Article - A Question for Dads This recent topic from the Tractor Talk discussion board is being highlighted because it is an awesome display of the caliber of individuals that have made this site their own. The young person asking questions received positive feedback and advice from total strangers who "told it like it is" with the care many reserve for their own kids. The advice is timeless... so although it isn't necessarily antique tractor related, it will be prominently displayed in our archives to honor those who have the courage to ask and those who have the courage to respond in an honest, positive manner.
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