I had a 40$ '53 Packard.
Those are SWEET cars!! I had almost bought my gf one years ago, but the dealer that had it were douches and thought it was made of gold or something. I would still love to have that car.Other can a couple freebies over the years, the 240sx I'm still driving has been the cheapest car I have ever bought and kept. In 2001 right after 9/11 happened, I saw it sitting in the back at a mom and pop dealer lot near my house. It sat for about two months with 72,000 on the odometer and a $6995 price tag. I walked in after seeing it sitting there for weeks on end and asked him how much he had in it. He said $3400, give me $3500 and tax and get it out of here, its stale so he was going to take it to auction. It was an absolute garage queen cream puff, not a scratch on it so I couldnt turn it down. Had the wife drop me off, I wrote a check and took it home. Drove it for a few years and one afternoon got rear ended. Insurance adjuster came out and wrote me a $2000 check on the spot. New rear bumper support, taillights, and some paint on the rear bumper cover (total less than $50 at the junkyard) and it was back on the road. Been driving it for 18 years now and it has over 300,000 miles on it, and if it goes another 100,000 it would neither bother nor surprise me, I'll keep it until it dies. So $3500 paid minus the $2000 I got for the accident, is $1500 for 18 years of a daily driver convertible and still going strong, 76 miles a day to/from work and lots more on the weekends. I think rust will eventually end this fairy tale, as its starting to poke through in important places.
My first car was a 1953 Pontiac Chieftan sedan in dark green. I paid $25.00 for it from my friend Frank Puglisi's uncle. It was a straight eight with three on the tree. Soon after that, I bought a 1954 Pontiac convertible for $35.00 (it came with a full tank of gas). It was a great, fun car for the summer except that when the headlights were turned on the engine would die. I only used it during daylight hours.Curious to see what everyone's cheapest car was and what they paid. For me it was a first car....1973 chevy luv ($400). Always ran (Isuzu) but wasn't pretty.