Because of my health I need to sale my place in line for an Elio. If you are going to pay $1,000 for a place in line, why not jump ahead of 8,000 or more people? I really would love to have an Elio, but why have one if I will not be able to drive it? Please contact me if you are interested and we can work out the details.
Hi Mary,
Buckeye Jake, one of the moderators on this forum, has offered to buy up reservations.
http://elioowners.com/threads/looking-to-buy.5807/ You would need to contact him to see if the offer is still in effect. As noted, you would need to draw up a binding contract for sale after delivery was taken. Since he has apparently done this transaction, you might request a copy of the agreement (without the personal information) even if he is not currently willing to buy another reservation.
Some of the things that might be worth negotiating in the contract:
Current amount to be paid.
Whether you will order the vehicle to spec for the purchaser, and how much the purchaser will pay you at the time of the order.
When and how payment and title transfer will take place after delivery.
How the bonus discount will be handled.
How the transaction will be binding on either party's heirs in case of death or disability.
What responsibilities each party will have to each other if Elio Motors fails to make it to production.
Getting an attorney to draft up a good agreement would probably be expensive, but if you had an example, it should not be too expensive to have a paralegal draw up the contract, and an attorney review it. I think it would be easier (legally) if the purchaser lived in the same state as you.
I believe that WH is correct about the securities issue. Ie, you are not going to be able to directly transfer your reservation AND spot in line number.
Elio seems to be willing to transfer the reservations to heirs upon death, but I do not know if they have also agreed to transfer the spot-in-line numbers to the survivors.