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$7300 Final Price

DAVID BROWER

Elio Addict
Joined
Feb 20, 2015
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Location
Wake Forest, North Carolina
I GOT A LETTER FROM PAUL ANNOUNCING THE FINAL PRICE FOR THE
ELIO WILL BE $7300 .

FOR NON -REFUNDABLE RESERVATION HOLDERS , IT WILL BE $7000 .
SO THAT PUTS IT WITHIN 200 BUCKS OF THE MUCH TOUTED $6800
FOR MOST OF US .

I CAN LIVE WITH THAT .

ELIO_LOGO_R_2328x1144.jpg



August 12, 2016


Hello DAVID,

Over the last few months, progress has been accelerating. We have shared several major milestones that we have achieved recently including publicly listing our stock, launching our innovative new ePlus mass personalization system, and unveiling the E1A, the first in a series of engineering vehicles utilized for final testing and validation purposes. As we move closer to production, our financial team is working diligently to secure the next round of funding that will help us put Elio vehicles on the road.

Locking in the Price for Non-Refundable Reservation Holders, $7,300*

Based on our current engineering models and materials calculations at this juncture, we will lock in the base price for “non-refundable” reservation holders at $7,300* until we reach 65,000 total reservations (all reservations, both non-refundable and refundable). Given the current expectations, this price supports our vision and provides the most affordable vehicle option on the market.

Added Incentive for Binding Agreements, $7,000*
As an added incentive, and to further demonstrate our market acceptance, Elio Motors will offer a reduced base price of $7,000* for “non-refundable” reservation holders who make a binding commitment to purchase the vehicle, a savings of $300.

Until we reach 65,000 total reservations, “non-refundable” reservation holders will receive the following:

  • Locked Price: $7,300* for a base model vehicle for “non-refundable” reservation holders, until we reach 65,000 total reservations. No action required if you currently have a “non-refundable” reservation.
  • Special Incentive to obtain Lower $7,000* Locked Price: Until we reach 65,000 total reservations, an added incentive for “non-refundable” reservation holders will be a locked price of $7,000* for a base model vehicle for “non-refundable” reservation holders that make a binding commitment to purchase.
If you are a “refundable” reservation holder, your reservation remains unchanged. If you would like to convert your reservation to a “non-refundable” reservation and lock in the price, click here.

As I have previously shared, the ATVM program is not a breaking point for Elio Motors. However, based on our projected impact on the market and the economy, it is a program that we believe was custom designed for a company like ours. Therefore, our hope is that the implementation of the above steps will satisfy the recently revised ATVM requirements, resulting in Elio Motors being awarded an ATVM loan.

The entire Elio Motors team wants to thank you for your continued faith and support in our project. This is an exciting time in our history and we are grateful to have passionate fans like you along for the ride.

Sincerely,

Pauls-Signature-001_BW.jpg


Paul Elio
 

CompTrex

Elio Addict
Joined
Aug 19, 2014
Messages
1,910
Reaction score
6,175
Location
Northern VA
I GOT A LETTER FROM PAUL ANNOUNCING THE FINAL PRICE FOR THE
ELIO WILL BE $7300 .

FOR NON -REFUNDABLE RESERVATION HOLDERS , IT WILL BE $7000 .
SO THAT PUTS IT WITHIN 200 BUCKS OF THE MUCH TOUTED $6800
FOR MOST OF US .

I CAN LIVE WITH THAT .

ELIO_LOGO_R_2328x1144.jpg



August 12, 2016


Hello DAVID,

Over the last few months, progress has been accelerating. We have shared several major milestones that we have achieved recently including publicly listing our stock, launching our innovative new ePlus mass personalization system, and unveiling the E1A, the first in a series of engineering vehicles utilized for final testing and validation purposes. As we move closer to production, our financial team is working diligently to secure the next round of funding that will help us put Elio vehicles on the road.

Locking in the Price for Non-Refundable Reservation Holders, $7,300*

Based on our current engineering models and materials calculations at this juncture, we will lock in the base price for “non-refundable” reservation holders at $7,300* until we reach 65,000 total reservations (all reservations, both non-refundable and refundable). Given the current expectations, this price supports our vision and provides the most affordable vehicle option on the market.

Added Incentive for Binding Agreements, $7,000*
As an added incentive, and to further demonstrate our market acceptance, Elio Motors will offer a reduced base price of $7,000* for “non-refundable” reservation holders who make a binding commitment to purchase the vehicle, a savings of $300.

Until we reach 65,000 total reservations, “non-refundable” reservation holders will receive the following:

  • Locked Price: $7,300* for a base model vehicle for “non-refundable” reservation holders, until we reach 65,000 total reservations. No action required if you currently have a “non-refundable” reservation.
  • Special Incentive to obtain Lower $7,000* Locked Price: Until we reach 65,000 total reservations, an added incentive for “non-refundable” reservation holders will be a locked price of $7,000* for a base model vehicle for “non-refundable” reservation holders that make a binding commitment to purchase.
If you are a “refundable” reservation holder, your reservation remains unchanged. If you would like to convert your reservation to a “non-refundable” reservation and lock in the price, click here.

As I have previously shared, the ATVM program is not a breaking point for Elio Motors. However, based on our projected impact on the market and the economy, it is a program that we believe was custom designed for a company like ours. Therefore, our hope is that the implementation of the above steps will satisfy the recently revised ATVM requirements, resulting in Elio Motors being awarded an ATVM loan.

The entire Elio Motors team wants to thank you for your continued faith and support in our project. This is an exciting time in our history and we are grateful to have passionate fans like you along for the ride.

Sincerely,

Pauls-Signature-001_BW.jpg


Paul Elio
But what do we do to lock in the $7000? Looks like they are finally committing to a price, but in turn, we have to commit to purchase. The site is down, so I can't figure out exactly what that means.
 

CompTrex

Elio Addict
Joined
Aug 19, 2014
Messages
1,910
Reaction score
6,175
Location
Northern VA
If we are currently $1000 all-in, we do nothing and we get the $7300 price. But if we commit to purchase, we can get the $7000 price. But again, site is down so I don't know exactly what that looks like.
Also, wouldn't it be nice if on our accounts page, it showed us our bonus'. There have been two bonus' since I started this journey; the initial, one then another one. I can't remember the actual numbers. It would be nice if the accounts page reflected that...
 
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