It was on this day in 1903 that the Ford Motor Company in Detroit sold its first car, a two-cylinder Model A. The Model A was painted red, with a seat that fit two people, and no roof. It reached 28 mph at top speed. The Ford Motor Company sold 2,000 Model As over the next two years, which was enough to make the company profitable. Five years later, Ford rolled out its Model T.
Neat info, now for how much did it sell (I know, the figure bears little to no relevance to today's dollar!).
BTW, 28 miles an hour?? That speed would take your breath away, man was not meant to travel that fast! (Well, OK, inside a railway car you could go faster than that, but outside???)
Some sources say it was $750, some say $850, and I found one that said $830, so I'll call it about $800. I didn't find a calculator that goes back to 1903, but I think 1913 would be pretty close. $800 in 1913 would be $19,283.88 today. I think by the early twenties you could get a Ford roadster for $230, which would be $3,209.75 today.
And you could not pay in installments. You needed the $20,000 up front, unless you could get a loan from a bank.
You couldn't pay in installments until 1924 and it was 5 bucks a week until it was paid for.