Deposits on future cars that only show up on paper and don’t exist yet is a new way to hunt down boobies.
It has become commonplace for manufacturers to “release” a car without having a fully developed car, giving us wonderful designs rendered in glorious 3D and accompanying them with bold claims of powertrains that run on sunlight and good vibes while they kill. Bugattis in the quarter mile.
Cases like that of General Motors, which has sold thousands of GMC Hummers and Cadillac Lyriqs, without being able to deliver them yet, due to manufacturing defects that have not yet been resolved.
These manufacturers ask you to put down a $100 dollar deposit to secure a spot in line when the car is built, supposedly in a few years, and that’s a typical fool’s hunt, so they can push their shares higher and leave happy. to its shareholders.
Sure, General Motors doesn’t have a reputation for taking your money, it’ll just make you wait a few years, while showing your shareholders that their future cars are oversold. Has anyone seen the movie “Wolf of Wolf Street” by Leonardo DiCaprio, because they will understand why these actions are.
The Electric Ram that was shown recently, is already all sold in its first year. Only one concept was shown. And thousands of crazy buyers gave their deposit so that a pick that is not known if it will be released in 2025, is available for those who left their deposit.
To all this the shares of the company rise showing these numbers, which to tell the truth are fictitious.
Many make these reservations with as little as $100, hoping to resell them to someone else who doesn’t want to wait long for the car. And there are plenty of these fools.
In general, unless the car in question comes from an automaker with a proven track record of delivering a physical product, in an acceptable timeframe, don’t give the company your money.
This scam has grown in prevalence and relies on your refundable deposit to finance the development of a car that doesn’t exist or to build cars for customers ahead of you in line.
And that’s at best where a product finally materializes, as seen with the likes of Tesla.
However, even in the case of Tesla, which is now a true automaker, deposits have been received for Cybertruck and Roadster 2.0 from millions of fans, and none of those cars have been delivered, nor is there any guarantee that they will. .
Meanwhile, that money is funding other developments and accumulating interest and investment for the brand, and when you get tired of waiting and ask for a refund of your deposit, your $100 isn’t worth what it was when you left it years before.
At worst, startups like Alpha have been taking deposits and churning out dozens of renders with nothing more than a scale model or two, no development prototypes seen along the way, and no commitment as to when we’ll see physical product. .
A small fraction of these startups have a chance of becoming genuine car manufacturers, but in the meantime, you’re financing a business that only asks for your money because you probably couldn’t raise capital from a legitimate source like a bank or a genuine company.
Fuente: CarBuzz