impact of modern muscle cars on the old car market
Hey robert flippo, I agree you are pretty much correct. Easy for a kid with a paycheck to get loan to buy a new car. And let him walk in a bank and try to borrow $ to buy an older say, 10 year old sorta "modern" used vehicle. The bank really does not want that business, and if they do they will charge out the butt for interest! I gave my grandson a 85 slant 1/2 t. slant ram, he wanted a used ricer, I told him sell the truck and put it toward what he wanted. He got $700 for a $1500 truck! LOL!
But back in the sixties during my teenage years, NO HS kids had a new car, except the son of the richest man in the county. KIds walked, road the bus, many had plenty used up used cars hat were hand me downs from some relative, a couple of kids had after school jobs and made payments on a new one, I had after school job and drove what was handed down.
I have also seen kids that got out of school driving the ricers, and 10 years later, got into the old car deal, they wanted that old car, but it was a weekend warrior! Much like the majority of people on FABO I bet!!!!