Financing Elio Motors Development And Production

[paddy's wagon]

I priced a used smart car on KBB and the quote was north of 20K.

 

[3 Card]

I priced a used smart car on KBB and the quote was north of 20K.

used?

 

[Kuda]

My story is simple.Wife says we need a new kitchen, I says we need a new Elio, wife says I get the kitchen you get the ELio.......simple.

 

[KaziQaleph]

The landscape is littered with failed startups. DeLorean, Corbin, Aptera, etc.

I personally am ecstatic that DeLorean actually made it to mass production. Even if it was just a short time.

 

[Fritz]

Hopefully on the days it rains I can park the hog and jump in the Elio, if not, driving in the rain not so bad.
I'm all in!!!!!!!!!!!!!

 

[pj rogers]

Ok, some of you are forgetting couple of things. Mr. Elio has insisted the numbers are 84mpg, 5 star crash rating and a STARTING price of $6800. In the last year with delays, the cost factor is going up so their 20% reserve is probably gone. When I spoke to Jerome in OKC, he did mention there was a conflict between cost of destination and picking up the elio at the factory. Mr. Elio wants to waive that $750 destination cost for people who pick up their elio at the factory, and sales does not want to do that. Please remember the board of directors are mostly car people. A Great team of car people..Mr. Elio is an engineer, not a financial expert. The car guys, including Jerome who is an ex car salesman with over 14 years in the business seems to understand the conflict. Elio motors has to have the margins to succeed and as everyone who has watched this company for more than 7-8 months, the bottom line is each elio has to make money, not just barely enough, but a lot more than the public seems to understand. The board of car people has to provide the margins to make this company succeed for years down the road. Any investor has to see the potential not only in the number of reservations, but in the margins of the base elio and the options margins so each elio returns a good, if not great ROI..(return on investment). I hate to say it is a "bait and switch" but advertising that $6800 price is going to hit the folks who say $6800 - my $1000 deposit and the $500 discount makes my elio $5300 as many say on eliomotors/facebook. When the options list comes out, a lot of folks will be stunned at the real bottom line. I budgeted $10,000 to $11,000 for my elio...I hope I am close!

 

[3 Card]

Ok, some of you are forgetting couple of things. Mr. Elio has insisted the numbers are 84mpg, 5 star crash rating and a STARTING price of $6800. In the last year with delays, the cost factor is going up so their 20% reserve is probably gone. When I spoke to Jerome in OKC, he did mention there was a conflict between cost of destination and picking up the elio at the factory. Mr. Elio wants to waive that $750 destination cost for people who pick up their elio at the factory, and sales does not want to do that. Please remember the board of directors are mostly car people. A Great team of car people..Mr. Elio is an engineer, not a financial expert. The car guys, including Jerome who is an ex car salesman with over 14 years in the business seems to understand the conflict. Elio motors has to have the margins to succeed and as everyone who has watched this company for more than 7-8 months, the bottom line is each elio has to make money, not just barely enough, but a lot more than the public seems to understand. The board of car people has to provide the margins to make this company succeed for years down the road. Any investor has to see the potential not only in the number of reservations, but in the margins of the base elio and the options margins so each elio returns a good, if not great ROI..(return on investment). I hate to say it is a "bait and switch" but advertising that $6800 price is going to hit the folks who say $6800 - my $1000 deposit and the $500 discount makes my elio $5300 as many say on eliomotors/facebook. When the options list comes out, a lot of folks will be stunned at the real bottom line. I budgeted $10,000 to $11,000 for my elio...I hope I am close!

I'm calling their 6800 bluff, no options for me..Oh geez a care salesman for 14 years, Is he on parole?

 

[Ty]

I'm calling their 6800 bluff, no options for me..Oh geez a care salesman for 14 years, Is he on parole?

LOL... On parole! Sounds about right.

 

[3 Card]

Ok, some of you are forgetting couple of things. Mr. Elio has insisted the numbers are 84mpg, 5 star crash rating and a STARTING price of $6800. In the last year with delays, the cost factor is going up so their 20% reserve is probably gone. When I spoke to Jerome in OKC, he did mention there was a conflict between cost of destination and picking up the elio at the factory. Mr. Elio wants to waive that $750 destination cost for people who pick up their elio at the factory, and sales does not want to do that. Please remember the board of directors are mostly car people. A Great team of car people..Mr. Elio is an engineer, not a financial expert. The car guys, including Jerome who is an ex car salesman with over 14 years in the business seems to understand the conflict. Elio motors has to have the margins to succeed and as everyone who has watched this company for more than 7-8 months, the bottom line is each elio has to make money, not just barely enough, but a lot more than the public seems to understand. The board of car people has to provide the margins to make this company succeed for years down the road. Any investor has to see the potential not only in the number of reservations, but in the margins of the base elio and the options margins so each elio returns a good, if not great ROI..(return on investment). I hate to say it is a "bait and switch" but advertising that $6800 price is going to hit the folks who say $6800 - my $1000 deposit and the $500 discount makes my elio $5300 as many say on eliomotors/facebook. When the options list comes out, a lot of folks will be stunned at the real bottom line. I budgeted $10,000 to $11,000 for my elio...I hope I am close!

Freight? To where? When I see one of their fantasy retail locations they can talk freight to me, When I travel to a place to pick it up hot off the press and they mention frieght, I'll say fine where in the fuck are ya shipping it to, call me when it gets there I'll pick it up cod.. Now the bs buzz in OKC was that there would be a big party for those who pick up at factory.. As i said Bull Shit..

 

[3 Card]

Ok, some of you are forgetting couple of things. Mr. Elio has insisted the numbers are 84mpg, 5 star crash rating and a STARTING price of $6800. In the last year with delays, the cost factor is going up so their 20% reserve is probably gone. When I spoke to Jerome in OKC, he did mention there was a conflict between cost of destination and picking up the elio at the factory. Mr. Elio wants to waive that $750 destination cost for people who pick up their elio at the factory, and sales does not want to do that. Please remember the board of directors are mostly car people. A Great team of car people..Mr. Elio is an engineer, not a financial expert. The car guys, including Jerome who is an ex car salesman with over 14 years in the business seems to understand the conflict. Elio motors has to have the margins to succeed and as everyone who has watched this company for more than 7-8 months, the bottom line is each elio has to make money, not just barely enough, but a lot more than the public seems to understand. The board of car people has to provide the margins to make this company succeed for years down the road. Any investor has to see the potential not only in the number of reservations, but in the margins of the base elio and the options margins so each elio returns a good, if not great ROI..(return on investment). I hate to say it is a "bait and switch" but advertising that $6800 price is going to hit the folks who say $6800 - my $1000 deposit and the $500 discount makes my elio $5300 as many say on eliomotors/facebook. When the options list comes out, a lot of folks will be stunned at the real bottom line. I budgeted $10,000 to $11,000 for my elio...I hope I am close!

Just when do you think they will open these retail locations .. The first 16000 are supposed to be sold.. They don't have the funds to open retail locations and will not until they get paid for these 16000 or 40,000 they want sold..If one spends the bucks to travel to the factory frieght should be how much? I've said this before If Elio actually starts production in March they do not have time to open retail stores if they began looking today.. Please tell me if you've seen a sign saying Elio coming soon anywhere.. So much bull shit so little Elio..