Not true. You don’t “hand over” the $7K until you receive your Elio. All you pay now is a $100 - $900 deposit; depending on the premium discount you want to qualify for. They have 56,000 deposits now. Once they get deposits for 65,000 Elios, those conditions may well change.

Untrue. In most states you will NOT need a motorcycle license OR wear a helmet to drive the Elio.