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Looking to sell?

1438 Views 29 Replies 15 Participants Last post by  Xinaki
I am an early reservation holder (fist 5000) and am having a change of heart currently and considering selling my Fisker. Anyone else in the same boat or have any suggestions on the best way to do this?
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If the reviews are great, because of the range and unique look, I think the Ocean could be sold at a profit for a year or two. It will always depend on how desirable it is, because in reality it will be very limited for a few years. Not to mention wait times for new reservations will be long.
FWIW a number of folks have indicated there are in a similar situation. It is inevitable that among 5,000 people, situations and preferences will change over the year+ since contracting for a vehicle. The options are pretty limited because of Fisker's trifecta of highly unusual rules: (1) non-refundable deposit (2) no sale or transfer of reservation (3) Fisker has the right to cancel your order and keep your deposit if they learn you are planning to purchase for resale.

Given this, I think most folks have come to the realization that your only real option at this point is to stay the course and see how the car is received by the press and the public. If there is a strong positive reaction then you should be able to buy and flip the vehicle for somewhere between break-even and a small profit given the ONE discount versus the Extreme plus eligibility for the tax credit. If there is a lukewarm / negative reaction to the vehicle or it goes mostly unnoticed, then the alternative is to write off the $5k as a pricey lesson learned.
Have you paid with credit card?
Anyway I have not reserved a Fisker, but if I had and I had wanted to cancel my order I would check with an attorney or been class action attorney if many people feel the same way. Legal issues that I would discuss, that if you made your reservations under false pretenses i.e. the company claimed that they would start deliveries in November and they would deliver over 8300 cars by the end of June. These are false pretenses. Now I assume that it makes a difference whether whese false statements were fraudulent, negligent, or innocent. But even if it is innocent I might imagine you can send a latter demanding performance within a month or ask for money back. Your intention was not to give an interest-free perpetual loan to either Fisker or its bank. Oddly if you paid with credit card your money is not held by Fisker so you can demand it from the bank.

A special twist is the software. When they induced you to pay $5000 they admitted that software he ADAS would not function unit after a much later OTA update. Now Bloomberg article claimed that the software is glitchy, and the car is not functioning proprly. Fisker denied minor issues about the report but they have implicitly acknowledged that the software was not ready. They claimed that they had disclosed that the ADAS would not be ready, but they were silent about any other part (A general misunderstanding in this forum is that they think that software is only the user interface. That is a very small part of the software.) So Fisker claimed that they preaanounced before they have taken the reservations that ADAS was not ready. (true) But they have said nothing about other parts of the software that involves the functioning of the car.. So Fisker's statement can be interpreted as their intention to deliver cars with glitchy software with the promise that the car would work after a future OTA upgrade. Now some people here would be clearly happy with Fisker's promise but others might want an explicit statement that the car software makes it possible to have a highly reliable functioning car before an OTA update at some uncertain future time, but I would want assurance that within a month or so they will have the car delivered with reliable software or demand money back.
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Still can’t make a profit. The tax will be $5,000 give or take. $69,000 - $7,500 + $5,000 = $66,500 (out of pocket). If they can break even, they will be lucky.

Try selling a used Fisker One for $66,000 when a new Long Range Model Y with most expensive wheels and paint can be had for $20,000 less or Model Y Performance for $15,000 less.
I am one of the suckers who have an Extreme on order and bought a model Y long range earlier this year. Only time will tell whether Ocean Extreme is worthy of $20K premium over model Y. One thing I can tell is Model Y is nowhere near what Tesla fanboys make it out to be. Its not comfortable, its not quiet, its not filled with tech that is actually helpful for everyday driving (no parking sensors, terrible auto wipers, no surround view camera). But Tesla does have a wonderful charging network and autopilot is included in purchase. They have certainly that going for them.
If I sell my Tesla to replace it with Ocean Extreme, it has to be out of the park awesome. I went in to order Extreme being well aware that there wont be HUD, ventilated or at least perforated seats. But with vehicles from other manufacturers being announced with those options and to be delivered in a year, the competition is really on for Fisker. Unless Extreme is a knockout hit Fisker can't compete with what other manufacturers have lined up in that price range, specially with the tax rebates if they qualify.
There is very limited number of people who are really dedicated to purchase a Fisker Ocean without even looking at the competition. I am not one of them. I think if someone is so dedicated, want to keep Ocean one in a climate controlled vault without ever driving it and pissed off that they couldn't get an ocean One order, then the resale value is there. Otherwise, there is no sense in looking at the resale value. Owners can possibly sell it at net cost with zero miles and may be they will get some bites but it is still going to be a second hand car on paper which automatically diminishes its value.
A big point is about the after sales service as well. If my Fisker breaks and its picked up for service, are they going to provide me a Fisker or is it going to be a rental? This is a big deal and that's where the traditional dealership model gets a leg ahead with their own service department and loaner cars available.
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One thing I can tell is Model Y is nowhere near what Tesla fanboys make it out to be. Its not comfortable, its not quiet, its not filled with tech that is actually helpful for everyday driving (no parking sensors, terrible auto wipers, no surround view camera).
I own one except mine does have parking sensors. I also own the top trim 2022 AWD ID.4.

The Model Y is leaps and bounds ahead of the ID.4 in so many ways except the ride quality. Yours (without the parking sensors) should have better suspension than mine. All things considered, the Model Y is a superior vehicle to the ID.4, but in a couple categories, the ID.4 beats the Model Y.

If you are complaining about the backup camera in the Model Y, you should see the piece of crap VW put in the ID.4. It’s like a camera from the 1990s.

If my Fisker breaks and its picked up for service, are they going to provide me a Fisker or is it going to be a rental? This is a big deal and that's where the traditional dealership model gets a leg ahead with their own service department and loaner cars available.
What makes you think that Fisker will provide any loaner at all? VW doesn’t and neither does Tesla anymore.

We don’t even know where the Ocean will be serviced in the US. I can give you 99% guarantee that there won’t be any Ocean loaners if they have to haul away your Ocean to a repair facility. I also believe that paid by Fisker rental loaners are unlikely. This is not a luxury brand.
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I own one except mine does have parking sensors. I also own the top trim 2022 AWD ID.4.

The Model Y is leaps and bounds ahead of the ID.4 in so many ways except the ride quality. Yours (without the parking sensors) should have better suspension than mine. All things considered, the Model Y is a superior vehicle to the ID.4, but in a couple categories, the ID.4 beats the Model Y.
Yeah, supposedly a comfort suspension. I can't even imagine what the suspension in your Model Y does if mine is supposed to be comfort. I feel there is no dampening at all. It is stiff and uncontrolled at the same time.

If you are complaining about the backup camera in the Model Y, you should see the piece of crap VW put in the ID.4. It’s like a camera from the 1990s.
Back up camera quality in Tesla is fine, but I really miss the 360 top view from my other cars. With that many cameras Tesla could certainly do 360 degrees top view. Heck my 5 series doesn't have front camera but it still has top view, just the front view is blanked out. I didn't realize the ID4 had bad cameras.

Overall, my other cars(both 2015) have better driver's assistance(HUD, physical controls, surround view cameras, sensors), ride(suspension is well dampened and not rolly-polly at the same time), comfort(much more comfortable seats with 20 way adjustable controls, soft close doors, dual pane glass in all the windows, shade for the panoramic sunroofs) and I will go an extent of saying Adaptive cruise control (at least no phantom braking that's there with Tesla).
But honestly I drive Tesla for commute because I really have become accustomed to waking up and driving and not having to think about filling up petrol every couple of times a week.

What makes you think that Fisker will provide any loaner at all? VW doesn’t and neither does Tesla anymore.

We don’t even know where the Ocean will be serviced in the US. I can give you 99% guarantee that there won’t be any Ocean loaners if they have to haul away your Ocean to a repair facility. I also believe that paid by Fisker rental loaners are unlikely. This is not a luxury brand.
Fisker should provide loaner for anytime the vehicle is in service. They certainly are asking a premium price that is in line with other luxury brands. Even Tesla gave me a loaner model Y for 3 weeks when mine was in for service. I have always had loaners when I take my other cars for service. It's shitty that VW doesn't give any loaners. Even Carmax gives loaners. Hah.
If confirmed there wont be a loaner, I am out. I am out even if Firestone(which was the rumor sometime ago) is the service provider. Firestone couldn't even align my X5 citing they don't have specs for X5 in their computer, I wont trust them with anything.
I am sure everyone but the Fisker blinded fanboy/girl would agree that we need Fisker to be transparent about these questions on after sales service/loaners etc. After sales service is a big deal for a company, specially start ups if they want to get and retain the customers.
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It's shitty that VW doesn't give any loaners.
It's not VW, it's the dealer. I got a loaner for my ID.4 (ICE car though). At least around here, any dealer worth their weight will have a loaner program; it's no longer exclusive to luxury vehicles. Tesla used to provide loaners and then they switched to Uber Credits (haven't been there in a while so not sure if that is still the case). I actually preferred the Uber Credits as most of my day-to-day trips are fairly short and it was nice to be driven around (it's almost like they figured out FSD!).
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It's not VW, it's the dealer. I got a loaner for my ID.4 (ICE car though). At least around here, any dealer worth their weight will have a loaner program; it's no longer exclusive to luxury vehicles.
I think this is really starting to become the norm, where dealers are just stopping loaners, even supposed “luxury“ brands. Maybe it’s being cheap, maybe it’s the liability. Who knows.

I started seeing Jag get tighter with their loaners back when we had an FPace. It got to be you had to reserve one weeks in advance. Lincoln getting tighter too. Now my Cadillac dealer offers NO loaners which really sucks for me. Now I have to stay there while it’s getting whatever or beg my wife to come get me. People I don’t know driving me around grosses me out so no taxis or Uber/Lyft (I know it’s just me). These are all luxury brands and it’s all going south. Maybe an area or regional thing I dunno

In the past I’d just assume you could always get a loaner. Now it’s getting to the point where I’m starting to really respect dealers who offer them.
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I think this is really starting to become the norm, where dealers are just stopping loaners, even supposed “luxury“ brands. Maybe it’s being cheap, maybe it’s the liability. Who knows.

I started seeing Jag get tighter with their loaners back when we had an FPace. It got to be you had to reserve one weeks in advance. Lincoln getting tighter too. Now my Cadillac dealer offers NO loaners which really sucks for me. Now I have to stay there while it’s getting whatever or beg my wife to come get me. People I don’t know driving me around grosses me out so no taxis or Uber/Lyft (I know it’s just me). These are all luxury brands and it’s all going south. Maybe an area or regional thing I dunno

In the past I’d just assume you could always get a loaner. Now it’s getting to the point where I’m starting to really respect dealers who offer them.
Nah, its not just you. I rarely do Uber/Lyft unless i cannot absolutely find a rental car or Turo when i travel for work. Don’t like making the small talk all the time and frankly, I hate the way most other people drive😁
Had a bear of a time reserving a rental in Bismarck in a couple of weeks for a work trip but I absolutely wanted my own car to sightsee after work.
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Nah, its not just you. I rarely do Uber/Lyft unless i cannot absolutely find a rental car or Turo when i travel for work. Don’t like making the small talk all the time and frankly, I hate the way most other people drive😁
Had a bear of a time reserving a rental in Bismarck in a couple of weeks for a work trip but I absolutely wanted my own car to sightsee after work.
I know many don’t mind Uber/Lyft credits. For me it’s a different ball game. I am not going to move my kid’s hunk of a car seat and stroller to every uber I take. So, loaner or I am out.
I have been fortunate to have dealt with the same two dealerships for last 21 years and their service have always been top notch with even giving me the exact loaner I request. Its like long term test drive of the car I want to check at every service.
It indeed is sad to see even the ‘luxury’ brands are not offering loaners.
As previously stated, depends on reviews and likely scarcity. As far as the US goes, there are more than a few thousand people (in a country of 350M) in the market for an EV with plenty of cash and impatience. Happens with cars all the time (yes, still). If some rich person decides they want something their neighbors can't have, you could get a premium. Only REAL question is, how to impart the "playstation effect" onto an Ocean 1?
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