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Hi Group,
Anyone successfully cancelled their Ocean one pre-order and gotten a refund of the $5k?

Having second thoughts about the feasibility of the vehicle after reading more. Should have done more research before placing order...
 

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Hi Group,
Anyone successfully cancelled their Ocean one pre-order and gotten a refund of the $5k?

Having second thoughts about the feasibility of the vehicle after reading more. Should have done more research before placing order...
You will have to contact Fisker Inc. to see what's possible. While the $5000 is supposed to be non-refundable, they may make an exception since it is so early and they could easily fill that slot with another pre-order.
 

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Sorry to see you go. If not able to get a refund as I highly doubt as it states it is non refundable. Just sell your reservation or vehicle. While doing title I fo on vehicle they can put it in the other person's name so they get the tax credit. Or you can buy it and just sell it after purchase grant it I do not think you will get the tax credit cause you have to own the vehicle for so long to claim those credits I do believe.
 

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Sorry to see you go. If not able to get a refund as I highly doubt as it states it is non refundable. Just sell your reservation or vehicle. While doing title I fo on vehicle they can put it in the other person's name so they get the tax credit. Or you can buy it and just sell it after purchase grant it I do not think you will get the tax credit cause you have to own the vehicle for so long to claim those credits I do believe.
Couple corrections. The fine print says you can not transfer/sell a reservation. Second, you can claim the tax credit after purchase. There is no specific length of time that you have to own the car. But you are supposed to buy if for your own use and not for resale. Very gray and I don't know how they could enforce this. Instructions for Form 8936 (01/2022) | Internal Revenue Service
 

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Perhaps keep the deposit active, purchase the Ocean One, then sell it right away for (maybe) a profit? I'm thinking once this vehicle gets some exposure it may be a hot item.
There are a lot of reasons to be dissatisfied after the purchase. For example, seating not comfortable or adjustable enough for the driver, head room issues, etc. If I decide the car is not right for me, I would not have a problem selling it. If you get the One during Q1 2023, chances are that you could easily sell the car for more than the purchase price (especially considering the limited supply, semi collectible limit edition, $5k or so in included options that would be extra on an extreme.) That said, I would be really sad to have to sell this vehicle and not sure what alternatives I would have to replace it.
 

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looks like you can pay the $5,000 via credit card. what happens if you try to refund it back through your credit card company?
If there is a problem, you could theoretically get the credit card involved with a charge back. Though the credit card company may not accept that if the transaction was legitimate.
 

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If there is a problem, you could theoretically get the credit card involved with a charge back. Though the credit card company may not accept that if the transaction was legitimate.
That is correct. Charge-backs do not just happen because you ask them to do it. They start an inquiry and if the vendor (in this case Fisker) can provide the information to the CC company that the transaction was legitimate, they take no action.
 

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Yeah, it was pretty clear the deposit was non-refundable. If he gets it back it is out of goodwill only. It’s not like it was hidden. 😮
 

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Couple corrections. The fine print says you can not transfer/sell a reservation. Second, you can claim the tax credit after purchase. There is no specific length of time that you have to own the car. But you are supposed to buy if for your own use and not for resale. Very gray and I don't know how they could enforce this. Instructions for Form 8936 (01/2022) | Internal Revenue Service
I have never found a clear definition of what is considered "resale." My assumption is if you do not have a resale license you are not reselling the car (if you pay sales tax/fee on the original purchase then you did not resell it). There is a form in California allowing you to buy out a lease and resell within 10 days without paying taxes/fees - don't use that form!
 

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I have never found a clear definition of what is considered "resale." My assumption is if you do not have a resale license you are not reselling the car (if you pay sales tax/fee on the original purchase then you did not resell it). There is a form in California allowing you to buy out a lease and resell within 10 days without paying taxes/fees - don't use that form!
Exactly. If I buy my Ocean One (never having been in one or test driven) and end up not likely the car, I should be able to sell it. Here's the catch, even if I don't claim the $7500 tax credit, the second person can't claim it either due to it being a used car. So I might as well claim the credit.
 

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Exactly. If I buy my Ocean One (never having been in one or test driven) and end up not likely the car, I should be able to sell it. Here's the catch, even if I don't claim the $7500 tax credit, the second person can't claim it either due to it being a used car. So I might as well claim the credit.
Im not tax professional but I think their is a stipulation in the amendmant of the tax credit that you have to have/own the vehicle in question for so long to qualify for the credit. If you buy it then just like month later sell it you are not considered the first owner anymore it will go to the person who buys it from you.

Remember I am no tax professional you we all might want to look at the 7500 tax credit stuff and read into it a little bit. I personally do not qualify for the full $7500 credit so I am not that worried about it.
 

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Exactly. If I buy my Ocean One (never having been in one or test driven) and end up not likely the car, I should be able to sell it. Here's the catch, even if I don't claim the $7500 tax credit, the second person can't claim it either due to it being a used car. So I might as well claim the credit.
As only 5000 Ones will exist worldwide, they might have collectible value and owners might be able to sell it at a premium.
 
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