H2odog
Elio Addict
- Joined
- Mar 25, 2014
- Messages
- 699
- Reaction score
- 1,123
Now why does that not surprise me?EMAC just like GMAC. At one time GMAC was making more money than GM.
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You can register using your Google, Facebook, or Twitter account, just click here.Now why does that not surprise me?EMAC just like GMAC. At one time GMAC was making more money than GM.
That's pretty smart. Delay in production? No problem... just a larger down payment!Smartest move of all! Pretty much what I am doing, too.
LOL... Well played, sir.My future Estate planning will include, removing the front wheels and burying my carcass in it. Or in this case my "autocycleass".
Thanks, since I am insured by them you have saved me the effort and I look forward to their responseI just put the question of financing and insuring to USAA (Is it a car or a motorcycle?)... I'll post their answer here.
Yeah. I am too. They don't insure motorcycles any more but they refer to Progressive for bike insurance. I'm curious as to how they'll answer. If they come back saying that it'll be considered a motorcycle and be financed at the motorcycle rate, I may have to give them a stern talking to. LOLThanks, since I am insured by them you have saved me the effort and I look forward to their response
I'm leaving the wheels onMy future Estate planning will include, removing the front wheels and burying my carcass in it. Or in this case my "autocycleass".
I think (yes, everyone has opinions) that once Elio can show that they have ##,### deposits on future production that the investment money will show up in short order. It's less of a bet knowing that the millions put up will, at the least, sell $99,436,400 worth of Elios in the first year ($6,800 X 14,623 pre orders). Yes, I know that won't cover the investment but it is a VERY good start. Yes, I know they don't make much per sale but it seems more likely that someone would take a chance on the company if there was a lot of interest in the product. Now, if Paul can just convince the right people that it will be profitable to invest in the company...The Financing that anybody interested in the Elio should be concerned with is
HOW they're going to finance the Factory start up... I don't understand why this isn't brought up very often, well maybe I do - it's too scary to think about...
The whole production situation is a Catch 22 - In order to sell these cars for ~ $6,800, they have to sell TONS of them...
In order to Sell TONS of them, the Factory (and ALL the parts) has to be financed by __________ (investors) for __________ (many $ Millions)
a Serious leap of faith for the Investors... perhaps too much of a leap? We'll see
The Financing that anybody interested in the Elio should be concerned with is
HOW they're going to finance the Factory start up... I don't understand why this isn't brought up very often, well maybe I do - it's too scary to think about...
The whole production situation is a Catch 22 - In order to sell these cars for ~ $6,800, they have to sell TONS of them...
In order to Sell TONS of them, the Factory (and ALL the parts) has to be financed by __________ (investors) for __________ (many $ Millions)
a Serious leap of faith for the Investors... perhaps too much of a leap? We'll see