Locked In

[Franklin3]

Spoken like an old pro.

Thank You Coss

ps: I just upgraded from $500 to $1000 ALL IN and then Locked In so I am now totally in.

 

[Ekh]

I also seem to recall at some point getting an email that I was getting an additional $250 on top of my original $500 for being an early all in. ($500 + $250). I am confused. I will likely commit although I am loving driving my Leaf.

Please do. You can always sell the car for a profit straight off the assembly line.

 

[Ekh]

OK, so I'm in the same boat, put down $100 non-refundable + $50 bonus, my only concern is the wording here:

"...that I am agreeing to purchase a base model vehicle for $7,000..."

What if I don't want a base model vehicle? What if they decide to sell a DLX or LTD or XYZ model when these actually go on sale?

Now I'm locked into the base model when I want to ultra limited edition Star Trek Beyond shuttlecraft themed model? (It only comes in white, by the way).

That wording makes me hesitant. Somebody (other than my wife) tell me I'm nuts and not to worry about it, please.

Not to worry, TMO. There will only be one Elio model for at least a year (or until the turbo is introduced). The base model is the ONLY model, and all the price disclaimer is saying is without options, delivery, taxes, and registration, all of which are additional.

 

[Ekh]

OK yeah I got the email and read through, but came up confused. So am here hoping for clarity.
I think the part I'm confused about is the $1,000 I put in a few years back.
So if I do this additional commitment, because me dropping 1K years ago just doesn't say I want the car bad enough, it brings the list price down $300, and I'm locked in for a $7,000. car. Am I right so far?

Then when that fated day finally arrives when my Elio gets to the end of the production line, because I'm locked in and because I paid $1,000.00 back in whatever year it was, I then only have to cough up $6,000.00 and the car is mine. ($7,000.00 locked in price minus the $1,000.00 = $6,000.00 ending price). Like I said earlier, nothing says commitment like giving up $1,000.00 on a concept that may or may not reach completion. But I'll sign if that's what they want. How many more hoops?!? Geez

Be clear -- Elio is not setting the hoops because they don't believe you. It's the DOE that wants the certainty of actual commitment before they'll cough up the loan. This is all about optics enabling the DOE to cover its ass. So Elio has chosen this strategy to persuade DOE that all of us are serious buyers. It's not about EM and you, it's about EM and the DOE.

 

[Ekh]

My final base price will be $6850.
That's $7300 - $300 "lock-in incentive" - $100 reservation - $50 bonus. So, pretty close to the promised base price. I am OK with that!

We're budgetting $9k anyways for options, delivery, etc.

Mine will be 7000 - 750 = 6250 plus 2,000 in options, 500 in sales tax, and a question mark on delivery (I plan to pick it up). Sop for $8750 to $9150 I have a great car. Deal of the century, I say. And I've already paid $1,000 of that in, so my out of pocket will be no worse than $8150. Can't beat it with a stick. Particularly if my lousy 50 shares of stock are worth $20 or more per share -- another $1,000 to the good (I paid $600 to purchase them)

 

[Ekh]

OH POOP, I gotta go out this weekend and buy another clunker for the daughter. Her Toyota is dying.

Maybe you can pick up something at the Dream Cruise ... Give em a good offer and may you can buy the P5!

It should be a good deal -- wipers don't work, windows are missing, exhaust rattles, and the fender falls off -- sounds like great fixer-upper bargain to me! Oh, yea, check that the AC is functional, too.

 

[Ekh]

Locked in at #13,013 !... of course, I plan on piling on a few "extras"....and more $$$.

One thing that is NOT showing up in any of our musings about profitability is the $500 per car Elio will realize from the automatic tranny option. And over 90% of the buyers will choose that option (it's 93% nationwide for all models offering standard and automatic trannies). That's pure profit for Elio -- and if nobody's made that part of the argument Elio makes to DOE, they should!

 

[Ekh]

After reading through this thread I'm under the impression that I'm supposed to get an e-mail from Elio.

So far, I got a rock.

#11346, $1k (+$500) all in.

If you fill out the form online, a green banner appears at the top telling you you're good to go. Otherwise, I'm not sure what you mean by "I got a rock.'

 

[Ekh]

I think I'm locked in... thrice .
Followed the e-mail, filled out the form, checked the boxes, and all I got was a lousy pop-up.
" Thank you for completing the binding agreement. Your price will be locked at $7,000 upon verification of an All In non-refundable reservation."
That is all.

Did you do it three times, one per car?

 

[TMOSteel]

Oh, yea, check that the AC is functional, too.

I think on the prototype they call that "wind"...that is if you can get the window to roll down...