car loan for 1929 Chevrolet
I am selling some old items for a missionary friend of ours. While I do not know how much I can get for a Ford Model A Instruction Book – the small slip of history found inside seems like a treasure whether it will sell or not.
A handwritten receipt for the $175 purchase price of a used 1929 Chevrolet bought in 1933. With a $16 down payment and $55 trade in allowance for a Ford, the balance is to be paid in 11 payments of $11 and a final payment of $12.50.
The dollar figures speak of a time gone by. One that is fun to day dream about. Now people pay more than $175 for a bike – and everything seems more complex.
I remember my grandparents talking about how they paid my grandfather’s employer for their house. No bank. No interest. They just agreed on a price and made payments until it was paid in full. He had originally traded pigs for the house, so he was happy to get cash for it.
It is a bit sad to think that the old car is probably long gone by now. My grandparents are, too. So is their house. I am glad that there are still slips of paper as evidence that those times really happened.
