when was the first car made and how much did it cost
This was an exorbitant sum in the late 1800s and early 1900s. Three thousand dollars in 1900 is worth over $70,000 in todayâs dollars. The 1903 âcurved dashâ chain driven Oldsmobile was much more modestly priced at $650.Then Henry Ford came along and made a car that was âaffordable to the massesâ when he introduced the Model T in 1908 at a cost of $850. At the time, this amount was $1,200 less than most other cars.ecords are sketchy if not nonexistent and 'lost to time.' But, as with any new technology, the first cars were EXTREMELY expensive and affordable only by the very wealthy. In most cases, the earliest production cars available to the public were limited production and cost thousands of dollars.