Yep, well, we'll only know how that is when we are told. Or the loan comes though and we won't care any more.agreed -- but it would look really bad if the "conversion rate" of all-inners who also sign commitments is much less than 75%.
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You can register using your Google, Facebook, or Twitter account, just click here.Yep, well, we'll only know how that is when we are told. Or the loan comes though and we won't care any more.agreed -- but it would look really bad if the "conversion rate" of all-inners who also sign commitments is much less than 75%.
Sorry to say this -- the national inflation rate for the past 60 months has been 6.7% TOTAL. Not annual, total.Lets do some quick math.
From 2012 to 2016, we have seen inflation of 5.7%. This is below average, but we'll use it anyways.
If we project 5.7% inflation into the future 4 years, then by 2020 your "Locked-in" price of $7000 will be worth $6601 in 2016 money. So by locking in today, you are actually proofing your future Elio purchase against inflation.
This is worth saying again! I did not understand at first,,, second,,,,, and third time I read the letter. But I kept wondering what's the difference in "all in, non-refundable" and "Binding". Well,, it's $300.00!!
DO IT!!!
That is funny. Like when buying $OIL futures and a week later having 50gal barrels of crude delivered to your driveway. Not.I see the $1000 All-In as put up your money, and you can still walk away. ($1000 lighter)
Binding commitment is commitment to put up another $6000 and take delivery of an Elio.
Trust me, I got that before you wrote it. That is part of the equation, for me the more important part that many are either glossing over or just perfectly ok with is this: with the commitment as written, the signee has agreed to receiving and paying in full at ANY TIME in the future for a vehicle that meets some goals- but not a fully designed and tested vehicle.Lets do some quick math.
From 2012 to 2016, we have seen inflation of 5.7%. This is below average, but we'll use it anyways.
If we project 5.7% inflation into the future 4 years, then by 2020 your "Locked-in" price of $7000 will be worth $6601 in 2016 money. So by locking in today, you are actually proofing your future Elio purchase against inflation.
Trust me, I got that before you wrote it. That is part of the equation, for me the more important part that many are either glossing over or just perfectly ok with is this: with the commitment as written, the signee has agreed to receiving and paying in full at ANY TIME in the future for a vehicle that meets some goals- but not a fully designed and tested vehicle.