$7300 Final Price

Ty said:

I believe the concern is this... I'm all in at $1,000. If I show up at Shreveport and they show me a steaming pile of cow dung, I can walk away losing only $1,000. If I'm committed, I'll have to shell out the full $7,000 and enjoy my pile of cow dung. Steaming, of course.

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They can't force you to pay without delivering a car, and a car substantially as advertised, at that. If it's cow dung, it has wheel and moves ....

Coss said:

I have a good one; when I try to sign the commitment, it comes back and says:
View attachment 10972

Ummm WRONG!!!! I was All In in 2013

Maybe it is because I have such an early deposit, their system doesn't go back that far.

No Matter; they will be hearing from me when they get back from lunch.

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That's something different!

floydv said:

EM can do themselves a favor by making the commitment the lesser of $7000 or the actual base price of the Elio when it begins actual production.

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Again, the point of the exercise is to satisfy DOE that buyer interest is more than just a passing fancy, but a genuine market demand.

I clicked the commit link in post1 of this thread. Nice I now have a locked price of $7000. I've got 1000 down right now. But I'm paying for a Automatic so that adds $1k more or so. Then there is tax and licence. But based on my early Res# for my first car, I'll have about some discounts to apply.
So I'm guessing I'll have to finance about $8k to put this puppy in my driveway.

My other two reservations will not be as inexpensive to finance.

Ekh said:

Yep, it's a work in progress -- rapid progress. And you're right, they could come after you in 2022 because there's no end-date on the commitment. I think there should be one -- let's suggest it to Elio. How about 2019 or 2020? Would either of those work for you?

You may be right in theory, but in practice I don't think you're actually increasing your level of risk significantly.

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This is not the first partially baked item from Elio. There is risk, and risk is risk. We all determine the $ value we're willing to put on that risk. 2019, $300 - no way. Jan 2018, ok.

Ekh said:

They can't force you to pay without delivering a car, and a car substantially as advertised, at that. If it's cow dung, it has wheel and moves ....

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I know... But, it could be a squeaky, rattly, barely driveable car. I was trying to go to an extreme. Perhaps you show up and it's a car but it just isn't worth even $4,000 to you. Then what? It doesn't matter, really. If you Commit, you get it no matter what. If you didn't, you can walk away losing only your deposit. (for someone only $100 in, that isn't much but to then force that person to fork over another $6,800 on something they don't want is the issue)

JNR said:

This is not the first partially baked item from Elio. There is risk, and risk is risk. We all determine the $ value we're willing to put on that risk. 2019, $300 - no way. Jan 2018, ok.

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Well, you'll do what you think is right. but if you want to increase the odds of actually seeing that car in your driveway before 2018, you can absorb the extra risk and help Elio prove that market demand is real.

Ty said:

I believe the concern is this... I'm all in at $1,000. If I show up at Shreveport and they show me a steaming pile of cow dung, I can walk away losing only $1,000. If I'm committed, I'll have to shell out the full $7,000 and enjoy my pile of cow dung. Steaming, of course.

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If they did that, they would open themselves up to a whole host of lawsuits based on breach of contract, breach of merchantability, false advertising, etc. I suspect the Elio that comes out of the factory will effectively be what we've all been seeing; whether that final product is a pile of dung will then be up to you, but if they provide a vehicle that conforms to what they've been disclosing up to the point of actual manufacturing, it might be tough to support a lawsuit.

I'm willing to put my money where my mouth is; I have faith that EM is in for the long run and is not willing to put their reputation and good will at risk by putting out a substandard product.

Ty said:

That's something different!

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I also got this. I originally had made a refundable deposit and then a week later made the upgrade to $1000 all in. I had to sign some letter they faxed to me in order to get my spot in line. I have had #5701 for 2 years now so I am also curious why it said that I do not have a non refundable reservation.

Ekh said:

Well, you'll do what you think is right. but if you want to increase the odds of actually seeing that car in your driveway before 2018, you can absorb the extra risk and help Elio prove that market demand is real.

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Or Elio could have provided an end date, or Elio could have provided a better incentive to increase the amount of people willing to sign a commitment with no end date.