jetpack54
Elio Addict
- Joined
- Jan 14, 2014
- Messages
- 440
- Reaction score
- 956
Well said John. Thanks for your input.I'm not sure what Elio, or any business for that matter, would get out of advertising conspicuously on their web site, their financial status versus as you point out, good reviews, ratings, ie marketing stuff. If it were my business, I'd probably do the same thing. I'm sure a lot of people prior to the collapse of Bear Stearns were of the opinion nothing could be safer than asset backed securities, it was all bundled in nice, neat packages for anyone to see plain as day.
There is definitely risk to getting involved with Elio Motors, or at least that's what I took it as when I looked at the "Reservation Agreement" the first time when I was getting ready to pay for my reservation and read "This Agreement does not constitute an agreement for the sale of a vehicle and does not lock in pricing, a production slot, or an estimated delivery date. You are under no obligation to purchase a vehicle from us, and we are under no obligation to supply you with a vehicle." I read that, and along with the rest of what I read, was ok with going "all in" for something I thought was both a good idea and if it does get built I can get in on the ground floor. That's not to say Elio might not flop, it might.
Regarding parts, I'm not sure that prices would go up any more than they do for electronics, household supplies, clothing and so on which have all seen drops in prices over time. I think the primary reason we see increases in vehicles is partly legacy costs, but also because these are mature markets and one of the best ways manufacturers have to make money is by adding stuff, granted some of the "stuff" is for safety, but if your vehicle does not really need power steering, four wheels, and spring loaded hood latches, etc, etc, etc..... well I'm ok omitting those things if the savings gets passed along to me.![]()