• Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.

8/6/2014 Tech Talk: Which Would You Choose?

zelio

Elio Addict
Joined
Mar 4, 2014
Messages
5,069
Reaction score
13,560
Location
Sutherlin, OR
8/6/2014 Tech Talk - Which Would You Choose

Elio Motors Tech Talk v28
View this email in your browser
83468eef-7e35-4e13-897e-736414932a0d.jpg
63ef55bb-19bd-475d-8691-be9a82c5f675.jpg
Why is 84 MPG/$6,800 so impactful? Because it’s a lot better than 23 MPG/$32,068!

As a fan of Elio Motors and the vehicle, you know that we continually drill home two really important benefits that some thought impossible but we plan to make reality.

84 MPG and $6,800.

We say it again and again and again. Why? Because these two targets are what drives Elio Motors and what will ultimately drive you.

These figures – 84 MPG and $6,800 are radical improvements compared to industry averages, and today’s consumer is clamoring for something this affordable and this fuel efficient.

The average new vehicle price in 2013 was $32,068, according to industry pricing guide Kelley Blue Book, while the average EPA fuel economy estimate for 2013 was 23 MPG. Let that sink in -- $32,068 and 23 MPG. With an Elio, consumers get nearly three times the gas mileage for around one-fifth the price.

“Vehicle affordability is really out of balance,” said Paul Elio, CEO of Elio Motors. “The weak economy has suppressed earnings for most people, but the cost of a new vehicle continues to go up. It really is an unsustainable course.”

If a consumer placed a 20 percent down payment on an average vehicle, they would still need to finance more than $25,000. For a 48-month loan, that means they will pay more than $600 per month. It’s a hefty price tag, and it’s far too much for most people in the United States. With gas at $4 per gallon, it costs $2,600 to drive 15,000 miles in a vehicle with average fuel efficiency. Driving the same distance in an Elio at $4 per gallon will cost less than $1,000, which is obviously a significant savings.

Of course, millions of vehicles on the road today get significantly lower than average fuel efficiency. Most of these “clunkers” are low-cost vehicles owned by people who don’t believe a new vehicle is within their price range. For these consumers, Elio Motors will be a true game changer. Instead of driving an unreliable, low-mileage vehicle, “clunker” owners will now be able to afford a new vehicle that costs four times less to operate and comes with a three-year, 36,000 mile warranty.

“High vehicle costs, high operating costs and high maintenance costs drag down the affordability of most used vehicles,” Elio said. “We are providing our own version of "Cash for Clunkers" that will help get many of these vehicles off the road. So, when we hit our sales targets, we will help to reduce fuel consumption by 0.35 percent. That’s significant.”

For Elio, it was a matter of challenging people’s mindset about transportation. Sure, families need the functionality offered by a pickup truck, an SUV or a minivan. There are projects to do, sports to play and vacations to take. Often, these require a big vehicle with a lot of seats. And, of course, the car companies are more than willing to manufacture and sell these vehicles. Pickups, SUVs and minivans are very profitable.

But, why not have a second vehicle for all those days when you aren’t doing a project, heading to a ball game or heading up to the cottage? Most work commutes – 76.3 percent, in fact – are driven solo. So, why not own a second, more affordable vehicle for those trips?

As long as vehicle prices and operating costs remain high, Elio will remain a winning solution for all.
23e0b01f-8f1b-46ca-b65c-9b12f2c1b348.jpg

Copyright © 2014 Elio Motors, All rights reserved.
You signed up to receive updates from Elio Motors where you filled out a form including your name and email address!

Our mailing address is:
Elio Motors
2942 North 24th Street
Suite
114-700
Phoenix, AZ 85016
Add us to your address book
open.php?u=24b371802c83d81776b06aa68&id=160e7396f3&e=82ad6a83d3.gif
 
Top Bottom