Waffling On Base Price. Can They Make $6,800?

[Coss]

I was under impression the $6800 (and any other price)included $1,000 profit not base cost. If much higher, I probably would just lose the grand and go elsewhere

The $6,800 is the "out the door base price" for the Elio; at least that is the target price. It already includes the $1,000 profit Paul wants to make per vehicle. What are you talking about?

 

[JEBar]

The $6,800 is the "out the door base price" for the Elio; at least that is the target price. It already includes the $1,000 profit Paul wants to make per vehicle. What are you talking about?

it is my understanding that he base price is for the Elio itself .... taxes, title fees, deliver charges (if any) and any other such charges would be over and above the base price

 

[WilliamH]

I was under impression the $6800 (and any other price)included $1,000 profit not base cost. If much higher, I probably would just lose the grand and go elsewhere

Huh? Price is price. How much profit is not the buyers issue.

 

[Coss]

it is my understanding that he base price is for the Elio itself .... taxes, title fees, deliver charges (if any) and any other such charges would be over and above the base price

Right, what I meant by Base Price of $6,800 the price for the Elio only, that didn't include taxes since they are different everywhere, transportation, etc.
Many of the other things that get tagged on depend on where you title it, buy it, etc. are variable.

 

[Sethodine]

I was under impression the $6800 (and any other price)included $1,000 profit not base cost. If much higher, I probably would just lose the grand and go elsewhere

If Elio doesn't turn a profit to pay off it's debts, then the company won't be around after their first year of production. So the $1000 "built-in profit" isn't something they can cut into. As it currently stands, the Elio is at $7300 per vehicle, which can get down to $6800 ea. due to economies of scale if they are producing and selling at least 200,000 per years (I believe those are the numbers, it's all in the SEC filing anyways).

But as many others have said (and like every car commercial says), this price does not inclued title / fee / registration / transportation / pronunciation / antidisestablishmentarianism / etc.

 

[Coss]

If Elio doesn't turn a profit to pay off it's debts, then the company won't be around after their first year of production. So the $1000 "built-in profit" isn't something they can cut into. As it currently stands, the Elio is at $7300 per vehicle, which can get down to $6800 ea. due to economies of scale if they are producing and selling at least 200,000 per years (I believe those are the numbers, it's all in the SEC filing anyways).

But as many others have said (and like every car commercial says), this price does not inclued title / fee / registration / transportation / pronunciation / antidisestablishmentarianism / etc.

Good point. So BADBOY in answer to your question, it's not $6,800 + $1,000 for profit; the $6,800 has the $1,000 profit built in to it.

 

[cantwait]

If Elio doesn't turn a profit to pay off it's debts, then the company won't be around after their first year of production. So the $1000 "built-in profit" isn't something they can cut into. As it currently stands, the Elio is at $7300 per vehicle, which can get down to $6800 ea. due to economies of scale if they are producing and selling at least 200,000 per years (I believe those are the numbers, it's all in the SEC filing anyways).

But as many others have said (and like every car commercial says), this price does not inclued title / fee / registration / transportation / pronunciation / antidisestablishmentarianism / etc.

Per the SEC filing - $7600 at 125,000 units per year, $6800 at 250,000 units per year. As noted, if they do not make a profit, they will have a hard time staying in business.

 

[BADBOY]

The $6,800 is the "out the door base price" for the Elio; at least that is the target price. It already includes the $1,000 profit Paul wants to make per vehicle. What are you talking about?

. Last I heard he said if car was built today (mid 2015 IIRC) it would cost $7300 meaning $1500 over the $5800. $6800 - $1,000 (profit). Seems it would be hard to find any "fat" left to cut. I decided to lease a Nissan Sentra for 24 months to cover my wait. Two friends told me this past weekend they think the Elio will not be built.

 

[BADBOY]

Good point. So BADBOY in answer to your question, it's not $6,800 + $1,000 for profit; the $6,800 has the $1,000 profit built in to it.

yeah I understood that. Elio could used the $1,000 to get closer to $5800 his stated goal. In other words, if he get costs to $6300 he could pocket $500 and increase the price to me to $7300. I think most all ins would pony up another $500 without squawking. He gets some profit and I am still happy with a reasonable priced vehicle. He sells the first 15000 "all in" at price very close to what his goal was and everyone is happy.

 

[RUCRAYZE]

and how do the incentives factor in??