Damning report suggests you'll never commute in Elio Motors' three-wheeler

I hope all the deposits were kept separately and when they do indeed fold, those customers who took a chance get their deposits back as promised

Quote from funinthesun

I hope all the deposits were kept separately and when they do indeed fold, those customers who took a chance get their deposits back as promised

Yep...my Father-In-Law and several of his friends put deposits down. I almost went in with him as well, but just couldn't get the warm & fuzzies about the company back then. Glad I hung onto my money and used it for mods on my Sling!!!

Quote from DocG

Well, to further quote the news article:

"To date, the company has taken 64,000 refundable and nonrefundable reservations, according to its official website. In the opinion of Cedric Glover, the former mayor of Shreveport, the reservation holders have lost their money for good."

Oh goody!!!! I get to rub this into my Father-In-Law!!!! HAH!!!!!

I went there to see the article as well. I didn't know the "all in" deposits were a legal (but fatal) way of giving them money and kissing it goodbye. There never was a chance in hell that this vehicle was going to be able to be produced at $6,800. But id did give them the needed money to carry out their dreams funded by those people who trusted that they would be one of the firsts to own this unique concept vehicle. Those (as well as the loss of potential jobs in LA) are the ones I feel sorry for

Quote from DocG

Well, to further quote the news article:

"To date, the company has taken 64,000 refundable and nonrefundable reservations, according to its official website. In the opinion of Cedric Glover, the former mayor of Shreveport, the reservation holders have lost their money for good."

Kinda curious why "the former mayor of Shreveport" is at all relevant...seems random.

This is why I hate taking pre-order deposits of any kind. Making promises are easy .... Keeping them is a total different story.

Makes sense when there is a viable product ready to go and you know for a fact delevery will take place.

Ya gotta be careful with shady coonasses - however - Elio folks are north of I-10 so we consider em Yankees Sad when people get screwed outta their hard earned money!!

I told y'all that stupid thing would never exist. At the price point he set there never was potential other than fleecing thousands of people. That elio idiot should have just been going from town to town in a wagon selling snake oil.

Quote from Ruptured Duck

This is why I hate taking pre-order deposits of any kind. Making promises are easy .... Keeping them is a total different story.

Makes sense when there is a viable product ready to go and you know for a fact delevery will take place.

The difference with you is that I would completely trust you.

Quote from Cameron Roberts

That elio idiot should have just been going from town to town in a wagon selling snake oil.

That is pretty much what he did - just used a 3 wheeled dispenser

Quote from MACAWS

That is pretty much what he did - just used a 3 wheeled dispenser

Oh that's true. He did give away some worthless baubles too, didn't he?

Quote from MACAWS

The difference with you is that I would completely trust you.

What Mitch said.

Can I get 2 for $1000