The prospective buyer, New York-based American Lease, initially committed to 2,100 Oceans but later expanded the order to 3,321 units. Although the agreement is in place, it still requires court approval. Fisker has emphasized the urgency of this transaction, noting that it will not be able to fund payroll and taxes if the buyout is not sanctioned by July 12.
The bulk sale price for each Fisker Ocean averages $14,330 per vehicle. However, the actual price will vary based on each vehicle's condition. According to court documents, 2,711 EVs in "reasonably good working order" and with a "Manufacturer’s Certificate of Origin" are priced at $16,500 each. Additionally, 351 previously titled vehicles will be available at a significantly reduced price of $3,200 each. A few damaged Fisker Oceans will be sold for as low as $2,500, provided they have "mechanical, cosmetic, or other damage or defects that require repair," with repair costs estimated to exceed $5,000.
Despite the appealing prices for American Lease, there are caveats. Fisker will not honor any warranties and has no obligation for repairs, updates, or maintenance. Nonetheless, the damaged vehicles could serve as a valuable source of parts for the leasing fleet, potentially extending their operational lifespan. Fisker will also provide American Lease with "all relevant source code" and "existing developer work" for the software, enabling the firm to perform necessary updates independently. American Lease is also expected to reimburse Fisker for costs associated with the Software v2.1 update.
The Fisker Ocean initially had a price range of $40,000 to $70,000 when it first went on sale, but prices dropped to a discounted $25,000 earlier this year as the company struggled to pay its debts. If the new deal is approved, it would represent an all-time low for the fully electric SUV, which once aimed to compete with the Tesla Model Y.
Source: Insideevs