Final answer:
Ford facilitated car ownership by paying high wages that allowed workers to afford the Model T, coupled with the vehicle's low price. This empowerment of consumers made vehicle ownership broadly accessible and influenced societal changes.
Step-by-step explanation:
The financing offered by Ford made owning a car seem pretty easy by creating a system where the purchase of vehicles was attainable for a larger segment of the population. Ford's approach included the payment of relatively high wages to his workers, allowing them the financial capability to afford a vehicle like the Model T. This empowerment through wages, coupled with the relatively low price of the car, helped to revolutionize automobile ownership, making it a more accessible and economically feasible option for many.
Additionally, the notion of making an economic choice between leasing or buying a car has always been a significant decision post-graduation. Leasing offers a newer vehicle with smaller payments, but has mileage caps, while buying outright or through a loan often requires a down payment and impacts monthly finances.
The fact that Fords Model T was affordable and that his workers earned enough to purchase one without the need for extended credit made it straightforward for them to become car owners, which not only influenced their individual mobility but also transformed American society as a whole.