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Elio Crowdfunding

Coss

Coss

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Reid3400 said:
A BIG question for me is why no entity will step up and fund this vehicle? Are we, the 50,000 enthusiasts completely wrong? Does this vehicle not make total sense in so many ways? Why doesn't TATA or a similar company see this as a viable business opportunity? I come to the conclusion that the problem is with the numbers. The price of $6800 is simply not possible. My brother-in-law sells his bicycles for up to $10K. With a SmartCar at $18,000 is it reasonable to expect an ELIO at $6800? What is wrong with this concept? 3 years ago, my common sense told me the ELIO was not going to become a reality, but I had HOPE. Today I'm glad we have had a Miata to enjoy while waiting, and HOPE is almost gone.
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Because anyone that can step up and do that will also want to have a big say in the company; something the PE has made known that he won't let happen.
 
JNR

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Reid3400 said:
....The price of $6800 is simply not possible. My brother-in-law sells his bicycles for up to $10K. With a SmartCar at $18,000 is it reasonable to expect an ELIO at $6800? What is wrong with this concept? 3 years ago, my common sense told me the ELIO was not going to become a reality, but I had HOPE. Today I'm glad we have had a Miata to enjoy while waiting, and HOPE is almost gone.
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I think all this negative talk about $6800 is a red herring. Does anyone actually believe they'll walk out of the car dealership and pay base MSRP for any car? There are two different competing factors: 1. almost no one buys the base model so we all expect to pay a lot more than the "Starting at the low low price of xxxx". 2. MSRP is just a marketing ploy to make us feel like we are getting a deal, so we'll all pay about 10-15% less, on average, than the sticker price.

The best example I can think of of is the Mitsubishi Mirage because it is one of the cheapest cars for sale in US right now. The base price is listed online as $13,805, but True Car says I can get it easily for 14% discount of $11,870. So we could just stop right there and say if a basic 4 wheel car can be had for $11870 before tax that happens to have a few more features than the base Elio, why can't an Elio with less basic options, and seats, paint, weight, windows, tires, wheels, brakes, suspension, engine size, transmission complexity, airbags, etc... sell for about 60% of that price.

Also consider the majority of sales of that model are not the base price version of the car. The car configuration I think most probably buy says it is MSRP of $16,205, but Consumer Reports and True Car say I'll probably get that same one for $14,220. (12.3% discount) What if Mitsu just said their base model is $11,870, the same people hammering Elio could say the same about Mitsubishi, "how do I get all that when all the other guys are selling the same stuff for $14k?"

So with Elio's pricing model, I think a decently optioned Elio that matched the creature comforts of a Civic EX or Mazda 3 touring, with metallic paint, etc... will be $10k-12k before tax and delivery. In the standard Auto mfr pricing model, that would most likely have an MSRP at $11.5k-13.5k and I think most people would say, yeah that looks about right for what I get, but I'll haggle and get it out the door at $10-$11k before delivery and taxes.
 
bowers baldwin

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JNR said:
I think all this negative talk about $6800 is a red herring. Does anyone actually believe they'll walk out of the car dealership and pay base MSRP for any car? There are two different competing factors: 1. almost no one buys the base model so we all expect to pay a lot more than the "Starting at the low low price of xxxx". 2. MSRP is just a marketing ploy to make us feel like we are getting a deal, so we'll all pay about 10-15% less, on average, than the sticker price.

The best example I can think of of is the Mitsubishi Mirage because it is one of the cheapest cars for sale in US right now. The base price is listed online as $13,805, but True Car says I can get it easily for 14% discount of $11,870. So we could just stop right there and say if a basic 4 wheel car can be had for $11870 before tax that happens to have a few more features than the base Elio, why can't an Elio with less basic options, and seats, paint, weight, windows, tires, wheels, brakes, suspension, engine size, transmission complexity, airbags, etc... sell for about 60% of that price.

Also consider the majority of sales of that model are not the base price version of the car. The car configuration I think most probably buy says it is MSRP of $16,205, but Consumer Reports and True Car say I'll probably get that same one for $14,220. (12.3% discount) What if Mitsu just said their base model is $11,870, the same people hammering Elio could say the same about Mitsubishi, "how do I get all that when all the other guys are selling the same stuff for $14k?"

So with Elio's pricing model, I think a decently optioned Elio that matched the creature comforts of a Civic EX or Mazda 3 touring, with metallic paint, etc... will be $10k-12k before tax and delivery. In the standard Auto mfr pricing model, that would most likely have an MSRP at $11.5k-13.5k and I think most people would say, yeah that looks about right for what I get, but I'll haggle and get it out the door at $10-$11k before delivery and taxes.
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I am budgeting at least $10K, minimum, and I am willing to go to $14K with all the bells & whistles I want. I think they are going to make their money on options, I don't think many will walk (drive) out with the base model. (I am thinking most will go for automatic trans at least)
 
Ekh

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bowers baldwin said:
I am budgeting at least $10K, minimum, and I am willing to go to $14K with all the bells & whistles I want. I think they are going to make their money on options, I don't think many will walk (drive) out with the base model. (I am thinking most will go for automatic trans at least)
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I'd pay 12K with the turbo
 
bowers baldwin

bowers baldwin

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JEBar said:
from what they have said, folks wanting a turbo should be able to bolt one on later .... that is an option I would want to watch and listen to comments from folks who have one
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I don't know about a bolt-on turbo, there's high compression issues, ECU issues, fuel injection issues, Id wait for a factory install for that.
 
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