- Rivian and Chase Bank launched a buyback scheme for Fisker Ocean owners.
- Fisker owners can sell their car to Rivian or even use it in a trade for a new EV.
- Unfortunately, the deal offers no benefit to owners who already sold their car.
It’s been months since Fisker pulled the plug and left its customers high and dry, but now, there’s a glimmer of hope for those who were left holding the bag. Rivian, teaming up with Chase Bank, is offering Fisker buyers a way out of their unfortunate predicament. The deal? Sell your Fisker to Rivian or Chase, and you’ll likely make thousands more than trying to offload it on the open market.
Law firm Hagens Berman is reaching out to Fisker owners with the news that they can now sell or trade in their vehicles. Rivian is even allowing owners to use the sale of their Fisker as part of a down payment for one of their R1S or R1T models, if they’re interested in an upgrade.
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Fisker owners are offered three options: selling to Rivian, trading in to Rivian, or selling to Chase if their car is in an inoperable state. According to the letter, the “fixed price will be an amount equal to the purchase price minus an amount for usage of the vehicle since… purchase.” The move looks like a serious lifeline for Fisker buyers who could’ve spent nearly six figures to get an early Ocean, only for Fisker to fold faster than a lawn chair.
According to posts on social media, Rivian and Chase are sending out this deal via snail mail to Fisker owners. In some cases, they’re offering over $36,000 for an SUV that will never again receive any sort of factory support.
It’s not hard to see why this marketing move makes sense. Rivian is targeting a group of buyers who are desperate to escape the financial mess Fisker left behind. At least Rivian has lasted long enough to build a second-gen car and looks far more healthy as a company than Fisker ever did.
While this isn’t exactly the fairy tale ending Fisker buyers were hoping for, it’s a way out for those who want to escape a rapidly depreciating investment. Rivian is capitalizing on the situation by offering a simple solution, making it much easier for disillusioned owners to make a fresh start.