Behind the Headlines

By Charles Slat
An article in today’s Monroe Evening News profiles Model T enthusiasts Vern and Doris Campbell of Milan Township. Mr. Campbell bought the 1918 car from an uncle for $40 in 1950 and restored it. When the car was new in 1918, it sold for about $425.
Today, the car could be sold for around $20,000, according to Mr. Campbell.
That’s called residual value.