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Momentum V154

Coss

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Elio Motors Momentum v154



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Getting true value goes further than just the price tag. The total savings equation is more complex than the initial price: it includes cost of operation, depreciation, resale value, etc. Today’s Momentum will look at the true proposition value of the Elio.


*MSRP excludes destination/delivery charges, taxes, title, registration, and options/installation.

Certain statements in this email including, but not limited to, statements related to anticipated commencement of commercial production, targeted pricing and performance goals, and statements that otherwise relate to future periods are forward-looking statements. These statements involve risks and uncertainties, which are described in more detail in the Company’s periodic reports filed with the SEC, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are made and based on information available to the Company on the date of this email. Elio Motors assumes no obligation to update the information in this email.
 
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It can sometimes be difficult to know with absolute certainty that your new purchase is a good deal. For example, a cheap product can offer immediate savings, only to prove costly down the road. The total savings equation is more complex than the initial price: it includes the cost of operation, depreciation, resale value, etc. Today’s Momentum will look at the true proposition value of the Elio.

  • The Elio’s affordability starts with our ultra-low base price. At a targeted base price of only $7,450* for new reservation holders, our base price is a fraction of the average new car. We will be offering several different financing options to keep monthly payments low for Elio owners. Additionally, as gas prices continue to climb, our impressive gas mileage will accumulate significant savings for Elio Motors drivers at the gas pump.

    Further bolstering the Elio’s value proposition is the cost to insure and operating costs. As we are a three-wheeled vehicle, the Elio will likely be insured as a motorcycle. It costs significantly less to insure a motorcycle than an automobile. Additionally, the Elio should be affordable to insure based on our safety package, cost to entirely replace, and the cost of replacement parts. In terms of operating costs versus a used vehicle, the Elio comes standard with a 3-year, 36,000-mile bumper-to-bumper warranty.

    One of the often-overlooked aspects of the Elio value proposition is the matter of depreciation. It’s widely acknowledged that the moment a new vehicle leaves a dealer’s lot and hits the open road, the value of the vehicle drops significantly. By at least one estimate, as soon as the vehicle leaves the lot, the vehicle has lost 10% of its value. In its first year, that same vehicle will lose as much as 20% of its value.

    According to Kelly Blue Book, the average price of a light vehicle reached $36,270 in January 2018. Based on Carfax’s depreciation rates (which posits that the average new vehicle loses 10% of value after leaving the lot, 20% in the first year, and 60% after five years), let’s look at the lost value of the average new vehicle and the Elio.

    Elio Average New Vehicle
    Before ownership $7,450 $36,270
    After leaving dealer lot $6,705 $32,643
    After one year $5,960 $29,016
    After five years $2,980 $14,508


    Here’s a look at the total depreciation by vehicle, by time:

    Elio Average New Vehicle Elio Advantage
    Before ownership 0 0 Even
    After leaving dealer lot $745 $3,627 $2,882
    After one year $1,490 $7,254 $5,764
    After five years $4,470 $21,762 $17,292


    As you can see, the average new vehicle loses approximately $7,200 in only one year. Essentially, the depreciation of an average vehicle can almost pay for a brand-new Elio in full.

    Affordability is one of the main tenets of the Elio Motors project. To offer a vehicle with a true value proposition we keep the base price and operating costs low, gas mileage high, and a favorable depreciation rate.

    https://www.eliomotors.com/appreciating-depreciation-the-elios-value-proposition/
    It can sometimes be difficult to know with absolute certainty that your new purchase is […]








    Email: Available 24/7 tellmemore@eliomotors.com

    Mailing address: (mailing address only)
    Elio Motors, Inc.

    2942 North 24th Street

    Suite 114-700 Phoenix, AZ 85016

    Phone Hours:
    Mon-Thurs 10 am - 3 pm CST
    Friday 9am - 12 pm CST

    Toll Free: 1-844-BuyElio (1-844-289-3546)

    Direct: (480) 500-6800

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    Join the Elio Motors Team
    There are currently no positions available at this time. However, as production draws closer, Elio Motors will be seeking talent to add to our existing team of the best and brightest.

    Thank you for your desire to join the Elio Motors team.


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Made in USA

Made in USA

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The Elio being considered a motorcycle by the insurance companies is very misleading. You think the insurance companies are only going to go off one detail, the three wheels to make their determination? I think not. For one, the Elio is not a seasonal vehicle. It will be used in bad weather. That increases the risks. Two things in it's favor are the low purchase price and therefore it's replacement value, and the fact it it costs less than many motorcycles. I do think the government will make a autocycle category and that as a result, the insurance companies will make a new category also.

The other thing about the Momentum that isn't quite right is that the average new car bought has options whereas the Elio is the base cost. Most will have options added and that will shift the numbers a little to the new car side. Still, the Elio will be a great deal if they ever get to making them.
 
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Samalross

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Made in USA said:
The Elio being considered a motorcycle by the insurance companies is very misleading. You think the insurance companies are only going to go off one detail, the three wheels to make their determination? I think not. For one, the Elio is not a seasonal vehicle. It will be used in bad weather. That increases the risks. Two things in it's favor are the low purchase price and therefore it's replacement value, and the fact it it costs less than many motorcycles. I do think the government will make a autocycle category and that as a result, the insurance companies will make a new category also.

The other thing about the Momentum that isn't quite right is that the average new car bought has options whereas the Elio is the base cost. Most will have options added and that will shift the numbers a little to the new car side. Still, the Elio will be a great deal if they ever get to making them.
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Another thing is that they include all vehicles for the average price. The people buying an Aston Martin will not choose the Elio to save money. They should average the base price of similar vehicles to get a comparables.
 
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RSchneider

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Samalross said:
Another thing is that they include all vehicles for the average price. The people buying an Aston Martin will not choose the Elio to save money. They should average the base price of similar vehicles to get a comparables.
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You have to remember, the Aston Martin V12 Vantage is in the 2 seater class (the smallest class the EPA has) and the Elio is a 2 seater. It costs around $210K and only gives 10/16 mpg. So, I could see people buying an Elio over an Aston Martin because of the fuel savings and less depreciation when it comes to the actual dollar amount. If you are looking for an everyday driver that's a 2 seater, the Elio is the best choice. This is where the Elio is a win for all car buyers.

Comparison between the Elio and a similar class car (Aston Martin):

Before ownership $7,450 $210,000
After leaving dealer lot $6,705 $189,000
After one year $5,960 $168,000
After five years $2,980 $84,000

- - Future Elio blog writer
 
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