I ran across this on YouTube and had to share. This had to represent a real low point for GM. 65 horsepower. Somehow GM made it through. (And I AM an American car lover.) MotorWeek | Retro Review: '82 Pontiac 1000 - YouTube
Yeah and $7,200 as she sat. Holy Cow. We really were in a Malaise. And the good news is, your loan was probably 13.5%. If you had excellent credit.
Most everyone that bought a new car back then, were in the 17-21% range. Dad's '78 Fairmont, even with the loan through Navy FedCred, was 15 1/2% back then.