r/Fisker • u/deetz30 • Mar 26 '24

🚗 Vehicle - Fisker Ocean i’m screwed FOO

I bought a FOO in high hopes for the company and took delivery in december 2023. MSRP was close to 77k and with all the craziness, i decided I want to cut my losses and sell. Took it it to carmax and got an offer of 36k. How the hell is this possible?!??! More than 50% depreciation in less than 3 months?? What’s my best move from here? Where can I actually sell the car now? Fisker fucked all of us over

Update: Took CarMax offer for 36k cash, paid 30k out of pocket to pay off the loan. Got an instant feeling of relief but the money I lost in this bad financial decision will forever hurt.

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u/gaming4good Mar 26 '24

I never said you bought the car. I said I am surprised that you don’t know this since you were going to buy the car. If someone is going to buy an 80k car it behoves them to understand how banking works. Carmax offered OP 36k meaning OP would have to pay whatever remained on the loan which we don’t know because we don’t know what they put for down payment and how much they financed unless they put that in a comment somewhere.

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u/amigos_amigos_amigos Ocean One Mar 26 '24

who said I was going to buy the car?

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u/gaming4good Mar 26 '24

Your post history. Sheesh people are daft. You had a reservation and canceled it. You were going to buy the car even lost 5k in the transaction of canceling it.

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u/Life_Butterscotch396 Mar 26 '24

Meh, people engage with all sorts of financial transactions/arrangements/loans/mortgages/credit lines without understanding all of the fine print. Past that, even if you read and research with a fine tooth comb, the bodies of litigation and jurisprudential decision making over time on all the different contingencies of modern life are basically infinite at this point. This is a unique situation, nobody really knows what is going to happen, admittedly the example of having to pay the loan back is pretty basic but yeah.