$7300 Final Price

[Ty]

Elio tracks you by your email address

That's a given. But, what happens if someone is willing to commit to buying an Elio but not quite sure he will buy the other 3 that he put deposits on IF the Elio ends up being not what he expected? Can he not commit to buying one and "probably" buy the other 3?

 

[Ekh]

I think they just meant that the $7300 locked in price will be cut off after they hit 65k reservations. Anyone with an all-in reservation should still be able to upgrade after that since it's just modifying that existing agreement.

I agree. After 65,000 locked-in reservations, the price could go up -- or, given enough volume, actually go down (though it's unlikely).

 

[JNR]

JNR -- I don't get it. Why are you risking anything more than you've already paid in? Elio can't collect if they don't deliver a car. The commitment runs in both directions, obviously.

In theory, they can deliver the car in 2022 and I have to pay for it then. I don't like that and $300 is small change and not worth the risk to me. The unibody design change, although good in my eyes, is just another indicator that this car is still a work in progress. There is no additional risk on Elio's part from this moment on was my point, their risk is the same before the commitment as it will be after, mine will be greater if I sign the committment.

In a way, I'm calling his bluff, he says there are other funding possibilities, so unless I get $2000 off for example, or free upgrades worth $2000, I'm not committing. Let's see other funding see this through to the finish.

 

[Ekh]

Oh, But what if it is a glorified moped or something? I can't believe I read and copied that, lol. Ya know, we had faith in this project years ago when we put our deposits down. No reason to loose it now.

Relax about the moped. To be elegible, the vehicle must be this:

b) Ultra efficient vehicle (defined as fully closed compartment vehicle designed to carry at least two *2) adult passengers that achieves either (x) at least 75 miles per gallon when operating on gasoline or diesel fuel OR (y) at least 75 miles per gallon equivalent .....

Nope, no moped. Maybe a hybrid, but definitely not a moped.

 

[slinches]

There is risk to EM in locking the price. It means that any cost increases will have to come out of their profits.

 

[Coss]

I have a good one; when I try to sign the commitment, it comes back and says:

Ummm WRONG!!!! I was All In in 2013

Maybe it is because I have such an early deposit, their system doesn't go back that far.

No Matter; they will be hearing from me when they get back from lunch.

 

[Ekh]

In theory, they can deliver the car in 2022 and I have to pay for it then. I don't like that and $300 is small change and not worth the risk to me. The unibody design change, although good in my eyes, is just another indicator that this car is still a work in progress. There is no additional risk on Elio's part from this moment on was my point, their risk is the same before the commitment as it will be after, mine will be greater if I sign the committment.

In a way, I'm calling his bluff, he says there are other funding possibilities, so unless I get $2000 off for example, or free upgrades worth $2000, I'm not committing. Let's see other funding see this through to the finish.

Yep, it's a work in progress -- rapid progress. And you're right, they could come after you in 2022 because there's no end-date on the commitment. I think there should be one -- let's suggest it to Elio. How about 2019 or 2020? Would either of those work for you?

You may be right in theory, but in practice I don't think you're actually increasing your level of risk significantly.

 

[Ekh]

I have a good one; when I try to sign the commitment, it comes back and says:
View attachment 10972

Ummm WRONG!!!! I was All In in 2013

Maybe it is because I have such an early deposit, their system doesn't go back that far.

No Matter; they will be hearing from me when they get back from lunch.

Did you use a different email when you made the deposit?

 

[Ty]

Just remember that you're committing to purchasing an Elio at $7000 if and when the company begins producing them. This is not the same as an all-in $7000 nonrefundable deposit, which I get the sense some people are interpreting this as. Your potential loss has not increased from your current all-in deposit ($100, $500, $1000); if EM doesn't produce the Elio, your all-in deposit is all you lose, which we all understood when we committed to a non-refundable deposit. You are not $7000 out-of-pocket until you take delivery of an Elio.

I believe the concern is this... I'm all in at $1,000. If I show up at Shreveport and they show me a steaming pile of cow dung, I can walk away losing only $1,000. If I'm committed, I'll have to shell out the full $7,000 and enjoy my pile of cow dung. Steaming, of course.

 

[floydv]

EM can do themselves a favor by making the commitment the lesser of $7000 or the actual base price of the Elio when it begins actual production.