For a limited time, Elio Motors will match half of a customers' non-refundable reservation fee for its three-wheeler that the company says will get 84 miles per gallon. With folks able to put down as much as $1,000 for the vehicle, Elio will give a discount of $500. But that's only until September 1, after which that "match" percentage drops to 25 percent. It may not sound like much, but the $250 difference could mean as much as about 5,700 miles worth of gas in an Elio.
Elio was founded in 2008 and says more than 25,000 people have plunked down deposits ranging from $100 to $1,000 for the high-efficiency vehicle. That's up from more than 15,000 customers three months ago and from 10,000 as of late February, so there's pretty good momentum going on here. The company is trying to get more of a groundswell through a 33-city tour that stops in Reno this week and hits Detroit in mid-August.
The company has said the super-light vehicle will be built well enough to receive a five-star crash-test rating. And in April, Elio came up with a rather creative pitch by noting that 20,000 miles of driving in an Elio will produce fewer greenhouse gases than a year's worth of gaseousness from a typical cow. Yummy. Check out Elio Motors' most recent press release below.
Consumers who go "All In" for Elio still have time to get 50 percent match to reservation payment
Phoenix, July 28, 2014 - Elio Motors fans who want to reserve a spot to purchase the 84 MPG, $6,800 vehicle have until Sept. 1 to take advantage of the early adopters reward - a 50 percent match to the non-refundable reservation payment for the vehicle slated to launch in 2015.
Reservations can be made at Eliomotors.com and range from $100 to $1,000. Through Sept. 1, a non-refundable or "All In" reservation provides customers with an additional discount worth 50 percent of the initial deposit (a $1,000 deposit would receive an additional $500 toward the price of a vehicle at the time of purchase). Beginning Sept. 2, the company will change the reward to 25 percent for new non-refundable reservations.
More than 25,000 people have put money down for reservations so far, underscoring the customer demand the vehicle will fill.
"Our low cost and high fuel efficiency combined with unique styling and fun driving characteristics has created a legion of enthusiastic fans," said Paul Elio, founder and CEO of Elio Motors. "We knew we were on to something special when we designed this vehicle and the intense and loyal reaction from future customers has reinforced our commitment to building something great."
For Elio, the 50 percent reward program has been a way to provide something special for those who showed faith and support for the project early on.
"Elio Motors fans don't simply buy into a new vehicle," Elio said. "They buy into our entire philosophy. They understand the mission we are trying to accomplish, and they have been incredibly supportive of our efforts. While all our customers mean a great deal to me, I have been profoundly impacted by our early believers."
While the aerodynamic body and unique front-to-back two-person seating give the vehicle an airplane-like feel, its design is important to the vehicle's functionality. While it is nearly as long as a traditional mid-size passenger vehicle, its body is half the width. This creates less wind drag at highway speeds, and will make the Elio one of the most fuel efficient vehicles on the road when it goes to production.
About Elio Motors
Founded by car enthusiast Paul Elio in 2008, Elio Motors Inc. represents a revolutionary approach to manufacturing an ultra-high-mileage vehicle. The 3-wheeled Elio is engineered to attain a highway mileage rating of 84 mpg while providing the comfort of amenities such as power windows, power door lock and air conditioning, accompanied by the safety of multiple air bags and an aerodynamic, enclosed vehicle body. Elio's first manufacturing site will be in Shreveport, La., with plans for the first production vehicle to roll off the assembly line in 2015 and significant production, sales and distribution during the next two years. For more information, visit www.eliomotors.com or www.facebook.com/ElioMotors.