In escrow, really?

[KarenRei]

Originally Posted by H1605

Has anyone that requested a refund actually gotten any reponse from Aptera or received their deposit back yet?

..Just curious...

Lots of people have. There've been five or six reports of it over the past year on this forum. Some have had trouble getting contact by email while others haven't, but everyone who's wanted to has gotten their money back.

[Appy2475]

Originally Posted by H1605

Please post an update if you make contact!

I received an email today from Todd Marion. His email is cancelres@aptera.com. He told me that my check would be coming in 10 days. I'll let you know if that happens.

Cheers,
Allen

[hill]

Originally Posted by JoeReal

IdeaLab is a great reputable company that partnered with Aptera. They would have known and sued Aptera by now if this was a scam.

Idealab is a decent biz, and my hope and prayers are with Aptera. Our deposit (made many months ago) put us in the bottom 1,500's on the wait list. I suppose many are curious why Aptera hasn't communicated an "Eescrow Account Number" of sorts. For example, you buy Realty through any traditional batch of realtors, and your transaction goes through an escrow company ... you get the information too ... the escrow company's name, phone number, your own escrow account etc. Am I freekn' out because this isn't the case with my spot on the list? No, but that's only becaused we're in a position that $500 wouldn't kill us, in some unlikely event. That's not the case with everyone though.

It'd be way-cool if there was communication about our reservation spots "changing" too ... due to the folks that backed out / gave up their reservation spots / got their money back. That change/refund group would put us "officially" in the 1,400's. Oh well.

[Tlee]

Our deposits are not put into escrow accounts, they are put into the working capital and are probably noted as a liability on their balance sheet. If they go BK there will be no refunds. But if someone can't afford to risk $500 then they shouldn't sign up. C'mon folks, we're supposed to be grown-ups. Have we all bought into the the notion that society should always insure our every decision?

[KarenRei]

Tlee: It's already been verified on this forum by visiting Wells-Fargo that Aptera has a Wells-Fargo escrow account -- and it's from that account that the refund checks come when people ask for a refund. So, unless you think Wells-Fargo is in cahoots somehow, or have some other explanation as to how that could work...

[autosellers]

I have doubts. The company is always busy when asked about first delivery. I paid my deposits and waited, patiently. Now we are in a severe financial crisis. Big Three needed help. Aptera asked for nothing, and did not open their books yet. This is why I am worry. You people can wait for the Chimera, not me.
By the time they will have (if they will) a limited production, already the big players would have launched their competing models at a lower price. See Nissan Leaf, as an example.

[KarenRei]

See what about the Leaf? 5,000 lease-only vehicles next year, mostly targeted at fleets?

[autosellers]

Yeah, really. The issue remains. Money paid for deposits may be all lost. And do not give me the story about an Wells Faego escrow account. The company has a checking with Wells Fargo. There is no trust account. If they fold, you can kiss your deposit goodbye. Fare Well. Did you ever asked if they generate any income to pay the employees, the execs, rents, utilities? They use the deposit fund. Until is all gone, because less people are jumping in now, due to economy. There is a real danger here.
Moreover, the Leaf was an example of what other companies are achieving (and producing) while Aptera misses deadline after deadline.
I read here that people are asking the deposits back, but the company keep delaying sending the checks. Is this a hint, or what?
I’ll try to get mine back.

[turbo wing]

In the past I have commented on Aptera's method of doing business, I have been criticized for being negative and called a troll, then criticized for my spelling and all this time I was pointing out the truth, now as you can see its all coming around to bite every one who was so loyal to Aptera, Has any one ever figured out why Aptera has gone so quiet?, I know what's going on, The guy they recently hired to run the show is the same guy that ran three other large specialty auto manufacturing companies into the ground and he is and will run Aptera into the ground as well, if you don't believe me go do some home work before you criticize my comment or my spelling and grammar

[rayfellow]

Hmm.. 4,000 deposits times $500.00 is what... $2 million. Just enough to buy a small home in the 90210. Or how about $20K each for the 100 employees at Aptera... But wait! How much is left after paying some hard costs for vehicles, equipment and rent... all needed to create the illusion that they are actually getting ready to produce a vehicle? So... take what's left of the $2M - maybe $4.35 - enough for an In and Out burger.. keep the change.