When Will We Be Able To Put More Money Toward Our Reservations?

[DrewBarfield]

Hi Everybody,

Just wondering when (if ever) we'll be able to log-in to Elio's site and add more money to our reservations. I wouldn't mind adding $500+ a month if possible. I'd rather pay incrementally rather than a $10K lump sum.

 

[Hightech]

For something with no date or guarantee?

Why not put $500+ /month into a savings account instead so you wouldn't have $10k lump sum.

 

[NSTG8R]

For something with no date or guarantee?

Why not put $500+ /month into a savings account instead so you wouldn't have $10k lump sum.

Already did that. No monthly payment for me, thank you!

 

[Sethodine]

Yeah, at the very least if you stash it into a savings account then you will be earning a small amount of interest while you wait for the Elio.

Alternately, if you are a True Believer™, then you could put those $$$ into stock purchases. When the Elio goes into production and the stock leaps up in value, you could cash out for the Elio and make a killing!

 

[DrewBarfield]

For something with no date or guarantee?

Why not put $500+ /month into a savings account instead so you wouldn't have $10k lump sum.

Yeah, I'm putting it into my Betterment account at the moment.

 

[DrewBarfield]

Yeah, at the very least if you stash it into a savings account then you will be earning a small amount of interest while you wait for the Elio.

Alternately, if you are a True Believer™, then you could put those $$$ into stock purchases. When the Elio goes into production and the stock leaps up in value, you could cash out for the Elio and make a killing!

I need to look again at their stock and how to purchase. For now my Betterment and Acorns accounts are my primary investments (ETFs).

 

[Coss]

Hi Everybody,

Just wondering when (if ever) we'll be able to log-in to Elio's site and add more money to our reservations. I wouldn't mind adding $500+ a month if possible. I'd rather pay incrementally rather than a $10K lump sum.

Once you have your $1K All In you can't put any more towards it through Elio; the other are correct; put it in a bank account you can get to easily when the time comes.

 

[LillyMayPatterson #1685 & #5648]

For something with no date or guarantee?

Why not put $500+ /month into a savings account instead so you wouldn't have $10k lump sum.

yes.

 

[Coss]

Hi Everybody,

Just wondering when (if ever) we'll be able to log-in to Elio's site and add more money to our reservations. I wouldn't mind adding $500+ a month if possible. I'd rather pay incrementally rather than a $10K lump sum.

Just for an FYI; in 2013 (or was that 2012?) when they started taking deposits; there were some people that wanted to do a "Paid in Full" reservation; EM wouldn't take it. It has always been that $1K was the max amount that Paul and EM would allow.
Why that is; you'd have to talk to Paul and ask him.

 

[BiloxiGeek]

I've been putting $100/week into an Elio savings account for a few months now. Also purchased a small number of Elio stock shares. I figure between the savings and the stock I'll most likely be able to pay for the Elio in one lump sum at delivery.