Since when is the Smart a budget car? Cheapest one in the city is $23.5k.I had to double check this because so often when people say this it's not the case, and inflation-adjusted pricing usually has the modern car coming out much cheaper.
But the Beetle really was cheap back then. A new Beetle currently starts at $20,695. In a reference book I have, the cost of a VW Beetle 1500 in 1968 was $1777, which is $12,144 today. By 1977 a Beetle 1600 was $3959, which is $15,537 today.
I suppose those prices stand better comparison with the Mirages and Versas of this world today. The new Beetle is obviously a lot more sophisticated, but it's a shame you can't get that much character in a modern budget car. Apart from the Smart Fortwo/Forfour, which I've often considered a kind of spiritual successor to the Beetle (rear-engined, rear-drive helps).
And you have to take it to a Benz dealer which costs more money the typical mechanic.
And after talking with insurance companies it costs the same to insure as a used 911.
Hard to call it budget when I could buy 2 Micras for the same price or a fully loaded Elantra Limited.