Six or seven years ago and certainly through the depths of the recession, it was possible to pick up a fair number of interesting older cars for well under $5,000, especially those that had a bit of a “tarnished” reputation when they were new. Good examples of these are cars like the Porsche 924, Triumph TR7, Fiat X1/9 and Pontiac Fiero. The first editions of all of these cars were truly lousy. Each improved considerably near the end of its run, but the market remained oblivious to the fact.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2012/02/16/what-is-entry-level-these-days