Financing and Insurance
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---In which the article says---
When you pick up your Elio, you will receive an Elio Motors credit card. Each time that you fuel up (which at up to 84 MPG on the highway won’t be too often) part of the payment will go toward paying off your Elio. Let’s say you spend $20 gas. The card will be charged $60- $20 is going toward the gas and $40 is going toward paying the balance of your vehicle. We are still working out the details (credit requirements, minimum payments, interest rates, etc.) but basically, the money you are currently spending on gasoline is paying for a brand spanking new vehicle! Again, we will offer more traditional financing options, but we think that this unique option is perfect for many Elio owners.
I want one ...NOW!
@EverttdMickey... Your post caught my curiosity, so I spent the last 35 minutes looking into the Elio... and eventually found the article below which is both positve & negative IF a person reads the article AND the reader's comments below the article... was curious what You think after reading the article below:
https://cleantechnica.com/2017/01/27/elio-motors-pushes-launch-back-2018-owing-financial-problems-reportedly/
Thank You Everitt... Have a Good Weekend... Cheers !!
Quick Note: Just checked Your Amazon link on Your main page AND really like it... especially the photos of You & Your cats. Thanks Again...
thanks for the kind words.
How disappointing about the Elio. I wonder what the problem is?
I liked their design and was hoping for mass production and thus low cost.
Reverse Trikes are not a new thing.
Everitt, You are most welcomed. I believe it is a very difficult, windy road to success within the automotive industry. It certainly seems that Elio is good with marketing & their website looks really good, but with that being acknowledged, a well designed website certainly won't get a car into actual production & manufacture.
However, the financing concept is a very interesting/forward thinking, that may have been implemented out of sheer necessity... which hey, if it works, Good 4 Them !!
Appreciate You photographs in Your reply...
Cheers !!
What an interesting way of financing a vehicle. If I remember correctly these guys are really affordable to begin with so I'm sure it'd be paid off fairly quickly. Very cool!
Looks like an interesting idea. Would like to see how it goes in the future but you would need to find a way of making people pay with your card and not just any credit card.