While sifting through the folder of receipts and records for my '76, I found the sales contract where my car was sold Used in 1977 (after apparent short "new" ownership)

Sale price was $7500 financed at 13%!!!

According to the U.S. Department of Labor, my cars "purchase price" was equivalent to $25235.00

at a 5 year rate, here's what the previous owner would have paid:

Cumulative Payments: $34,450.52
Total Interest Paid: $9,215.52
CarLoanCalculator

Enjoy the Calculator and see what your car was "worth"....

U.S. Department of Labor Inflation Calculator

My first commercial loan on my practice was 18 1/2 %. The first payment to principle was $3.

Dave

i knew guys who had that same 18.5 on their mortages back in the late 70s.

k