Ordering a Fisker on lease - am I bonkers!?
Discussion
Hi all,
Looking to replace our xc40 with a bigger electric car, taking advantage of tax savings due to business etc.
2 cars in the running, Škoda Enyaq 85x sport line as it’s cheap. Also drove a Fisker ocean extreme and was pleasantly surprised. I know that Fisker are on shaky grounds, so am I bonkers? Will just be a 2 year lease. My concerns are:
1. If they go bankrupt, who will maintain the vehicle. Primarily concerned about software issues. I was planning on taking the maintenance pack - would this mean if it can’t be maintained, they’re in breach of contract so can return the car?
2. A lot of the key features (apple carplay etc) are still coming in OTA updates. I guess, unless they are bought out by a bigger company, these features won’t come through.
Appreciate your thoughts! Enyaq will be fine, but a bit boring!
Looking to replace our xc40 with a bigger electric car, taking advantage of tax savings due to business etc.
2 cars in the running, Škoda Enyaq 85x sport line as it’s cheap. Also drove a Fisker ocean extreme and was pleasantly surprised. I know that Fisker are on shaky grounds, so am I bonkers? Will just be a 2 year lease. My concerns are:
1. If they go bankrupt, who will maintain the vehicle. Primarily concerned about software issues. I was planning on taking the maintenance pack - would this mean if it can’t be maintained, they’re in breach of contract so can return the car?
2. A lot of the key features (apple carplay etc) are still coming in OTA updates. I guess, unless they are bought out by a bigger company, these features won’t come through.
Appreciate your thoughts! Enyaq will be fine, but a bit boring!
It's a difficult one. I'm also considering one, but the idea of a completely new car, from a new company and one that has had a somewhat chequered history is testing the rational part of my brain.
One thing I am thinking though is that the car itself isn't really owned by you, its a lease car and so if it stops working etc then the risk should fall on them, as it is "their" car after all. I know it isn't as simple as that, but it's another line of protection in theory.
I'll probably just be boring and get something with a wee bit more pedigree, but I do like the look of them.
Where did you go for a test drive?
One thing I am thinking though is that the car itself isn't really owned by you, its a lease car and so if it stops working etc then the risk should fall on them, as it is "their" car after all. I know it isn't as simple as that, but it's another line of protection in theory.
I'll probably just be boring and get something with a wee bit more pedigree, but I do like the look of them.
Where did you go for a test drive?
I mean I do already own a defender, so maybe I’m a glutton for punishment!
The logical part of me knows that the Škoda would be cheapest hassle free motoring.
My thoughts were that there might be potential to return the car if any issues as its lease. That’s probably easier said than done. What is the real risk of ending up with a rented brick on the driveway!?
The logical part of me knows that the Škoda would be cheapest hassle free motoring.
My thoughts were that there might be potential to return the car if any issues as its lease. That’s probably easier said than done. What is the real risk of ending up with a rented brick on the driveway!?
Biggles Flies Undone said:
It does sound like Fisker is teetering on the edge right now. A risk too far I think.
By the Fisker Investors Club on Reddit some seem to think bankruptcy is near. All the current inventory has been taken off the website and all deliveries have been stopped. They believe all these cars will essentially be held back as part of the bankruptcy sale. The reviews of the Ocean have been absolutely horrid as well. It definitely sounded like it needed a bit more time in the oven from both a software and hardware point of view. Maybe it has been rushed out to get money in the door but that won't work if the actual product is too ropey right from the off. Word gets around too fast.
Could you get hold of the lease agreement now and have a good read of the t&c's - see what it says under the termination clause? If there's nothing there, or not enough to give you comfort drop them a line and get the response in writing. One way or the other that should confirm the position.
Personally I'd be more worried about the parts supply, especially if suppliers aren't willing to extend usual credit terms. If the company just manges to keep limping along you wouldn't have the grounds to hand it back, which you may have if they go pop.
Personally I'd be more worried about the parts supply, especially if suppliers aren't willing to extend usual credit terms. If the company just manges to keep limping along you wouldn't have the grounds to hand it back, which you may have if they go pop.
Toaster Pilot said:
130idvg said:
What is the real risk of ending up with a rented brick on the driveway!?
Surely at this point you just tell the lease company to stick it? If you can't get it fixed then it's their problem, not yours.You may find the leasing company will be pulling their offer anyway at this rate!
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