Jerry Greif
Elio Addict
- Joined
- Jan 16, 2014
- Messages
- 202
- Reaction score
- 425
You are right, the fine print didn't guarantee a lot but we are willing to give them a chance using our money. If you think this fine print is bad look at the odds on the lottery ticket, we have much better odds of winning with Elio.I was on the website looking at making my "all in" reservation & read the fine print. The money is an investment in the company. The fine print says it doesn't guarantee a car or a price. I guess one has to be a bit of a speculator on this. I am less concerned that the car will be produced but what my final purchase price will be.
From the reservation agreement:
"2. Nature of Agreement; Non-Binding Reservation Payment
The Reservation Payment is NON-REFUNDABLE and provides you with the benefits in Section 4 below depending on the level of your payment. 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. If and when we notify you of the availability of the vehicle and you wish to proceed with the purchase, such sale and purchase will be governed by a separate and legally binding Purchase Agreement between you and us or between you and another authorized dealer (Elio). In the event a purchase is made, your Reservation Payment plus a bonus equal to 50% of the payment will be credited against the purchase price."