Buying into a new, fledgling automaker is always a big risk – the early-adopter upside has the potential to be great, but the downside can look like the mother of all hangovers. Unsurprisingly, that's the unpleasant financial reality facing Fisker Karma owners as they look to unload their extended-range electric sedans while the company's future bleakens.

We've been keeping tabs on used Karma prices on eBay Motors and other websites for some time now, and there's been a steady stream of the voluptuous sedans on offer since not long after they first became available. Early on, we initially chalked that up to speculators, but moved on to imagining disgruntled owners as more and more mechanical and electrical problems were brought to light. Now, however, there's a bumper crop of Fisker models on the used market, with NBC News and Business Insider reporting that pre-owned examples are trading for under half their six-digit MSRPs just one year ago. Around 2,500 Karmas were made, and eBay Motors is playing host to 26 of them alone as this piece is being written. Scan over to AOL Autos' listings, and there are 126 entries.

For its part, the embattled startup has yet to declare bankruptcy, but it has laid off most of its employees and hired experts in the field suggesting they will soon. What's more, officials are looking to to recover as much of the $192 million in federal loans the company received, and despite some potential suitors sniffing around, no buyer for the company has emerged. No surprise, then, that Karma owners are looking to unload their models, likely fearing not only for their vehicles' resale values, but also the continued availability of parts and service.

Question: If Karma prices continue to crater apace, how soon until shadetree mechanics follow the lead of Bob Lutz's VL Automotive Destino, which bins the Fisker's complex plug-in hybrid powertrain in favor of the supercharged LS9 V8 from the Chevrolet Corvette ZR1?


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 55 Comments
      OopsISuck
      • 1 Year Ago
      This is what happens when Justin Bieber buys a car.
      CarNutMike
      • 1 Year Ago
      The biggest risk I see here is the battery, built by also-troubled (but at least resurrected) A123 systems. How are you going to fix it? You could (theoretically) fix a damaged Tesla pack in the aftermarket because it's made of commodity 18650 cells. I'm not sure that's the case with the Fisker. 2500 cars is a pretty thin market but maybe someone will end up with the IP, software, and enough spares to set up a support network.
        Letstakeawalk
        • 1 Year Ago
        @CarNutMike
        Apparently, former Fisker staff have created a support company. https://www.hybridsupportsolutions.com/
        raktmn
        • 1 Year Ago
        @CarNutMike
        A123 is now back to building batteries. That isn't the biggest problem.
      PeterScott
      • 1 Year Ago
      Get your low volume collectible at a lower price. Chances are they will never build more than the initial batch.
      Letstakeawalk
      • 1 Year Ago
      Owners are being contacted by "Hybrid Support Solutions", which claims to be "...ten full-time members that have the knowledge on the inner workings of the Karma. We have been there since the beginning and will save your local technician countless hours of diagnosis time in the repair of your vehicle." It seems that some of Fisker's former engineering staff have decided to hang out their own shingle. https://www.hybridsupportsolutions.com/
      • 1 Year Ago
      [blocked]
        Snark
        • 1 Year Ago
        Well, first off, why are you under the impression that this is an EV? This already has a turbo four as its generator. It's a PHEV.
      raktmn
      • 1 Year Ago
      How much for that Fisker? I need about tree-fiddy. Treefiddy for a Karma? I ain’t gonna give you no tree fiddy! memereviver.
      vroooomy
      • 1 Year Ago
      i found only four cars on ebay? and if your thinking of spending $60k plus just spend a little more and get a tesla
        vroooomy
        • 1 Year Ago
        @vroooomy
        ok i found more on ebay...listed under other makes. There are tons of Mclarens under other makes. why don't they post under the manufacture name?
      Snark McGee
      • 1 Year Ago
      future collectable?
      BryanGx
      • 1 Year Ago
      Regardless of the selling price, I wonder how much it costs to insure a Karma? I doubt any insurance company would be willing to cut to insure a car that stands a pretty fair chance of spontaneously combusting at some point during its lifetime.
      canuckcharlie
      • 1 Year Ago
      plenty to choose from on autotrader for around 40k with just a few thousand miles on the clock
        Jim Ackley
        • 1 Year Ago
        @canuckcharlie
        where are Karma's going for 40k? the cheapest I see is 64k on AT
          CJ_313
          • 1 Year Ago
          @Jim Ackley
          I see a handful of Karmas on AutoTrader for $58k+ with low mileage. Still huge depreciation.
      justgoawaymad
      • 1 Year Ago
      snicker snicker....WOW are you guys ever slow. This car has been in decline for months, and you JUST noticed? LOL
      T. Yu
      • 1 Year Ago
      I have no idea why those people would buy a slow (0-60 @ 6 sec) sport-car looking hybrid in the first place.
    • Load More Comments