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Elio Motors attempts to alleviate scam fears

Elio Motors has come under fire of late with claims of its 3-wheel car being a scam, and we can understand why people would think that. Elio is doing its best to convince us that it is the real deal and have set out to alleviate those scam fears. The 3-wheeler has been dogged by setbacks, which means the company has had to push back its production and release, although this is a normal thing when starting a new project.

Why people think it is a scam – With Elio Motors being a startup this tends to raise the red flag and come to the conclusion that it is a scam; no matter what news comes out of the company it has been treated with skepticism. The thought of a three-wheeler that is light, great on milage and far cheaper than its competition would be hard to be believed, as well as the fact that deposits are being taken for a vehicle with no release date.

The thing is, people have been burned before by such claims, the Dale and Preston Tucker scams just two examples. Some of you also believe that Elio is taking far too long to get its three-wheeler into production, but you have to remember that getting everything in place does take time, but once all the pieces are in place, then production will follow quickly.

As a way for Elio to convince you and I that it is the real deal the company has decided to feature a number of news articles from some of the big players in journalism, such as the Washington Post, Chicago Tribune, ABC News, Forbes and many more. Looking over these articles briefly there seems to be no mention of a scam, and if it were, then surely these publications would ask that Elio remove them for the website?

Get up close with Elio – The Elio car could be coming to a town near you because the company is currently on the road and taking the car to you, and so you might get the chance to see what the car looks like for real. You will not only see the vehicle, but also ask some of those burning questions you want answered. Find out dates, times and locations here.

Do you think this is a scam, or the real deal?

Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb: peter@product-reviews.net

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb: peter@product-reviews.net

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UnCommiedk504tellucasTomDPerkinsPatDen Recent comment authors
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UnCommie
UnCommie

July 2018, still not in production.

Ric Hill
Ric Hill

Since my last post, about 6 months ago, I have spoken with the City of Shreveport, Louisiana which said there had been a problem with the initial payment on the lease. Since, ELIO has reported $25 million in a “Crowd Funding” offering which should secure the plant lease and some electric UNLESS there are other problems such as the plant was a dump site for the previous tenant, the “old” GM which was penchant for this at places like Tarrytown, NY which is an ecological nightmare and kiddie’s playground. As for the approximate 48,000 orders, they are NOT HARD orders… Read more »

Ric Hill
Ric Hill

I received a return post from a TomDPerkins: “Why do you pretend the City should pay attention to you? The engine design was frozen and it was installed and being tested installed when you wrote your comment.” Not that I could answer Mr. Perkins directly, I have spoken with the people at the City of Shreveport, LA recently. They mentioned there was a problem with Elio obtaining the lease on the building. The exact terms are immaterial here but I would like to know if this is still the plant they intend to use. The next statement is unclear.However, yes,… Read more »

PatDen
PatDen

Elio Motors seems to point to trivial things, such as like Pep Boys’ willingness to service the vehicle, as evidence that both the car and company are legitimate. As far as I know, Pep Boys will service any vehicle and stock parts for almost any vehicle. It’s kinda like crowing about the fact that Exxon is willing to sell you gasoline. Isn’t it? (And as the years roll on, Pep Boys has been sold off to Bridgestone… so who knows what that means, anyway!) Scam or not, it seems implausible to me that consumers will be driving this vehicle anytime… Read more »

hforman
hforman

The problem as I see it: They were saying that this was going to be a $6800 car at the time when they were shooting for the 2014 release. The same for the 2015 release. And the same today. Yet, a while back they were answering questions saying that they can’t add certain things because it would force them to go over the $6800 sales price. Just with the increase in component prices, I seriously doubt that they would still be able to sell this car in the 2016 model year for that same price.

Ric Hill
Ric Hill

This seems more like a scheme every time I call their C.S. Reps in Arizona. I have yet to get a reply for the City of Shreveport, Louisiana about a factory which is supposed to already be cranking these off the line. ….. This is sounds more like the start of “Rain Man” where Cruise is trying to keep cars he doesn’t have from becoming “unsold” with deposits returned. …. The ENGINE was supposed to have been ready to roll out in 2012. Now it is “under development,” per the C.S.R. staff. …. The fact is we have never seen… Read more »

A.Storms
A.Storms

Today is 6/26/2015 and I have not seen any production yet !!!! Elio keeps pushing the production date back, and has done so for years. Like when did we first hear production would start? If you check the Shreveport La. newspapers there are no car companies trying to hire people. A new company would have to start hiring people to set up the production lines, controlling inventory, and hardware, installing machinery, air lines all of those little things at least a year before anything rolled of the end of the line. If its real ….maybe they could post pictures of… Read more »

Reid
Reid

How in the world are these yo-yo’s going to to sell a street legal vehicle for $6800 ? Hell a riding lawn mower or an ATV costs more than that and a Harley Cycle costs about $20K. Some one is getting ripped off. If you ask them about their refund policy that they advertise they won’t give you a straight answer. Buyer beware!!!!!

David
David

I saw the elio at Daytona Beach. The next day they posted at elio website a picture of it driving down main street in Daytona. What a wonderful feat being that the car had no engine in it just a empty shell and they had to push it from the touring truck to the display area they had one guy sitting in it trying to steer it and they where three guys where pushing it backwards and the guy steering had so much trouble steering it backwards they where 45 minutes late getting to the display due to pushing it… Read more »

Bigwavedavr
Bigwavedavr

Total Scam (and I put down a hundred buck deposit and STILL never received my t-shirt). Horrifically mismanaged, poor pricing model, needs complete revamping. Won’t happen.

ibchuckd
ibchuckd

Everything is a scam until it’s actually built, duh. They don’t need hundreds of them, or even a dozen, but they do need to have at least one for proof of concept. It will have to have all the basic parts–engine, transmission, drivetrain, chassis, body and brakes. It will also need all the appropriate testing done to show it can actually meet it’s design goals of 84-mpg, a 5-star crash rating, and a theoretical full production price of $8600. Once they’ve got one of these proof of concept prototypes running around it can no longer be considered a scam. Don’t… Read more »

PossibleElioFanSortaMaybe
PossibleElioFanSortaMaybe

The setbacks keep on coming. Today Elio fans got an email from the CEO, Paul Elio, saying production has been delayed until mid-2016. I, for one, am glad I opted for the refundable “I Want In” deposit. One more delay and I’ll have to opt out, as my faith in them is on the shakiest of grounds.

DOCWRIGHT
DOCWRIGHT

I will not put up any money before I actually see Elio’s driving around and can go to a car lot and pick one up. Great idea and I hope they make it. If they do, I will get one.

ponce
ponce

Would feel a lot better about the Elio if they were more upfront about their funding. Who is providing the funds for the salaries, the years long road show, the prototypes, the computer modeling, the public relations, the lobbying, the plant leases, the legal work and so on?

dude from canada
dude from canada

wishful thinking. People gave their money to Elio based partly on hype, but also based on their own desires projected forward. This is how all these things work. Human nature is the key motivator.

Kind of like with Obama.

If that $1000 makes you feel good, then it wasn’t a total loss.

mrtwobit
mrtwobit

Preston Tucker wasn’t a scammer, like Elio. He was ahead of his time and the automotive retailers and dirty politicians killed the Tucker, much like they’re trying to do to Tesla.

cheif pokalotatwat
cheif pokalotatwat

if they dont build and start testing production models soon , i feel sorry for the 1000$ t shirt gang

wildcat fan
wildcat fan

Talk Is CHEAP Ship or Get off the pot. I want one but only after they go in produtcion.

wildcat fan
wildcat fan

Scam!!!!!!!!!!!!!!! l tried to pay my deposit in person with a money order which is legal tender. Elios hinchman-salesman said they would only except gift cards/credit cards only online.No payments bymail .I believe they dont w ant a paper trail !!!!¡!!! I use to want one real bad !!!!! last year they said it would be in production by now. What a lie ! One lie after another. My money wasn’t good enough so now I feel like I won the lottery in stead of this pipe dream Elio/Vassolo are trying to sell us……………..maybe they will put a hot tub… Read more »

sweddysack
sweddysack

id buy one when it goes into production, probally gonna cost bout 8500 and get 60 mpg highway.. i see starting off slow maybe 500 employees making 20000 a year. hope it works

Richard Sauerzopf
Richard Sauerzopf

This car, I believe, will fundamentally change the market, because Elio has correctly identified a potentially huge and presently unmet demand, or niche. Until now, the all time number one genius in this area was Lee Iacoca. And Genius he was, as an executive at Ford and then Chrysler, again and again he proved that he had a fundamental understanding of the US Automobile market. He understood what people wanted before they themselves knew it, with the Mustang, the Pinto, which was a huge market success for Ford, even though the Runabout had some rather dramatic safety problems, and at… Read more »

peacefulpete
peacefulpete

Mercedes looses $6000 per Smart Four/Two sold. And they sell for $13,000 average.

peacefulpete
peacefulpete

An earlier poster correctly explained the problem….physics. The biggest red flag are the specific promises of mileage and performance when they don’t even have a engine yet. FACT: There is no current engine capable of producing the horsepower and mileage promised. That is, unless exotic and expensive technologies are employed, like hybrid or hydrogen fuel cells. I have researched the matter thoroughly using software designed for just such a project. A poster mentioned the short lived 3 wheeled HMV Freeeway got real world 80+mpg but had a limit of 60mph with the wind and took a minute to get there.… Read more »

toejam
toejam

hope its not a scam, but no way would I put money down on a vehicle not in production

All in
All in

I may wind up having a very expensive T- shirt in my closet but just the thought of a vehicle at half the price of anything today makes me want to believe. Even if it only gets 50mpg and costs $8000.00 I’d be happy. I’m all in at $1000.00. In the mean time my 11 year old Chevy cavalier will have to do. Cars to me have always been a means to get from point A to point B with as little out of pocket cost as possible. Cheep price, good mileage, as few bells and whistles as possible. That’s… Read more »

old1
old1

Kenny ray – who’s paying you to post here? Just like obama you keep popping up spewing lies. WHY?
What’s in it for you? If you think this is a bad idea just go way. You wont be missed.

Scooter Rider Big Jibbs
Scooter Rider Big Jibbs

I was a believer at first…but after a few weeks I do not believe this will take off. I do think this is an incredible idea and it would sell if it would make it to the market and even if some of the specs were different than the current ones. One of them being the mpg. It would sell if it was lower as long as that price stays near what it is. The thing I see as being a major roadblock is the engine. It doesn’t exist so far. I own a Linhjai 300cc scooter. They get near… Read more »

kickformoney
kickformoney

Still waiting for my T.25 and T.27, and those were announced *years* earlier, by Gordon.Freakin’.Murray, at that. Things like this take time.

JFalcon
JFalcon

@kenny_ray_58:disqus The proof is in the Pudding. An idea isn’t going to take off if people don’t invest in it. Discouraging investors in a good idea is something people do when they don’t want to see something come to fruition. You claim that people have thrown their hard-earned money away, but you don’t explain why. Citing past failures won’t stop something from becoming a success. I for one believe in this investment. A low price-point vehicle for short commutes with its proposed gas mileage (I imagine the numbers will be lower on average) is an awesome first-time owner commuter vehicle… Read more »

Roman
Roman

It will take a while for Elio to get the necessary additional funding, whether private or federal, and I don’t see much hope for a start to production in 2015. While I do agree that the starting price will end up higher than the advertised $6,800, it’s not so difficult to see why a healthy profit margin can be had in a vehicle like this at a low price point. There are other motorcycles with more power and more tech at the same price point. However, assembly in the US will not be helping Elio increase profit margin. That being… Read more »

kenny_ray_58
kenny_ray_58

There are enough red flags that only the true believer would think that this thing stands a snowballs chance in hell of surviving. The profit margin is WAY too low, the numbers projected to sell are completely delusional. I mean does ANYONE think this will outsell the Chevy Cruise? LOL give me a break! The whole thing is hinging on whether Elio can get the government to dump in millions of OUR money. Only a moron would send this guy a dime!

Pilgrim1620
Pilgrim1620

The reference to the Tucker being a scam shows that Chubb didn’t do his homework. The stock fraud trial showed that the accusations were baseless. Speculation at the time said that the Big Three automakers and Michigan senator Homer S. Ferguson also had a role in the Tucker Corporation’s demise.
If the Feds can throw money away on electrics they can certainly provide Elio with help. We haven’t seen the impact of road taxes, the true purchase price (without government help) nor the impact on our diminishing electric power generation.

Joey Howard
Joey Howard

I’m 16 and I am all in at $100, I believe I’m one of the only teenagers who have reserved one 🙂

Gary Dunn
Gary Dunn

At $6800 and 84mpg it sounded to good to be true, which made me skeptical. After reading and clicking on every link, video, blog seeing the complexity work that went into the website, reading the portfolio on the Board members, checking out each supplier website I new it wasn’t a scam. It is a business adventure, somebody with a great idea attempting to make something a reality from an idea. I’m all in for the $1000 and will have an Elio probably around October 2015.

Larry Waters
Larry Waters

I’m all in with $1000. I went in with my eyes open. I don’t believe it’s a scam at all BUT like any new startup of this type, there is the risk of car never making it to production. Investing in a startup is speculative. If you can’t afford the risk, don’t take it just like any other investment. I’m betting on Elio and look forward to taking delivery sometime next year.

Alan Glasco
Alan Glasco

I am all in for 1 grand. I love the idea that I will be able to drive to work and back for over 1 year on 1 tank of gas. (I live 1 mile from work so that’s 2 miles round trip 5 days a week) #4740 Oklahoma

Michael L. Hoenig
Michael L. Hoenig

It’s the real deal.

GEC
GEC

Convinced with a $1,000.00 reservation!

jjthejetplane
jjthejetplane

100% scam free. I am really rooting for the guy to succeed. People are skeptical because there have been so many scams out there where people have gotten burned.

Kent Beuchert
Kent Beuchert

I have to laugh at the sheer and utter ignorance of anyone claiming scam. I note that the arguments aren’t really arguments at all – no evidence, no rationale, just loudmouthed claims from ignorant folk unable to even characterize the state of Elio’s company. To enumerate: the company has 28,000 (mostly $1000) reservations from customers, has taken delivery of the engine they paid IAV to design for them, lined up dozens of suppliers, all of whom meet weekly with Elio to thrash things out ; they have successfully leased the old Hummer GM assembly plant in Shreveport and begun to… Read more »

Babba Ganush
Babba Ganush

This is not a scam, the company has applied for a government grant. So IF it were it would be one of the most well orchestrated ones in history. With all that said, I am as well hoping that the 84mpg, and low costs holds up, along with the production date.

Darrell Batchelor
Darrell Batchelor

I reserved with a $100.00 non refundable deposit. I really like the concept of the car and believe that it will happen. The only thing I’m not quite sure of is the final price and the 84 MPG quoted, but I hope for the best.

Brust
Brust

I placed a $500 non-refundable deposit knowing this could very well be a scam. The concept excites me so much that I had to roll the dice. I want to say that I helped get this company off the ground; if only in a very small way. If it doesn’t pan out; I will be selling my free Elio t-shirt for $500.00.

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