Yep, but you can't buy a 20yr old beater for $15k and spend another $10-15k to "fix it up" and finance the cost over 6-8yrs like you can a payment on a new one. And that's all the general public looks at anymore....."Can we make the monthly payment?"
Yep. Got my '86 Suburban for $4K. I've got less than $20K in it now and it's basically a brand new vehicle.