Fisker Buzz Forums banner

Thinking about purchasing a used Karma. Thoughts?

18741 Views 9 Replies 5 Participants Last post by  abirch
I have been debating on purchasing a used Karma for about a year now, it is definitely one of the best looking automobiles on the road today. Despite all of the Fisker bankruptcy woes, I am still very interested in buying a Karma in the near future. I have spoken to numerous people about my intentions and they all tell me it’s not a good move due to the sparse availability of parts/maintenance. I have done plenty of research on this car and I still have concerns that need to be addressed as I continue to move forward. This will be my primary vehicle so if anything goes wrong I will have serious issues.
I feel that I have come to the right place to get my questions answered. Here are my main concerns:

Availability of maintenance/ parts- (I live in Orlando, FL and I think there is a Fisker dealer here but I am unsure if they are still operational) Where would I get my car serviced/fixed if something were to go wrong?
Reliability- What is the chance that something would go wrong and render the vehicle completely useless? I can’t afford to have this vehicle break down. How much will maintenance cost per year?
Future of Fisker Automotive- Will the new owner honor warranties/restart production of the Karma?
Depreciation- I am definitely concerned with resale. I keep my vehicles 2-3 years usually. Will the Karma continue to depreciate heavily in the coming year(s)?

I am currently working with a dealer from Jacksonville, FL that specializes in purchasing used vehicles at auction. I bought my car through them and saved thousands. They e-mailed me a market report with 6 vehicles that recently sold at auction.

01/16/14
RIVRSIDE
Regular
$46,000
10,151
Avg
BLACK
4H
A
Yes
12/17/13
ORLANDO
Regular
$47,500
16,025
Avg
BLACK
4H
A
Yes
11/21/13
PA
Regular
$50,750
5,648
Avg
GREY
4H
Yes
11/13/13
TAMPA
Regular
$52,000
4,572
Avg
4H
Yes
10/09/13
ATLANTA
Regular
$53,000
2,609
Above
GREY
4H
A
Yes
11/06/13
SEATTLE
Regular
$57,500
153
Above
GREY
4H


If I can purchase a Karma for the right price (that checks out at inspection), along with the $7,500 tax credit, it will put my mind at ease. What do you guys think?

Thanks for taking time to read this and share your opinion, I really appreciate it!
Alex
See less See more
1 - 10 of 10 Posts
Where would I get my car serviced/fixed if something were to go wrong?
Fisker of Miami is open near you.

Reliability- What is the chance that something would go wrong and render the vehicle completely useless?
At the end of the day, it's the first car from a new company with new technology. It has it's issues. Pretty much everything is able to fixed though.

I can’t afford to have this vehicle break down. How much will maintenance cost per year?

That's a tough question to answer, since it just depends on what breaks. Cost of repairs can vary wildly. Assuming nothing happens, you're looking at 1, maybe 2 oil changes a year. This is what I tell others that ask about the cost of maintenance though; If you're the type of person that needs the peace-of-mind of a warranty, the Karma is not for you. Some of the repairs can be quite costly.


Future of Fisker Automotive- Will the new owner honor warranties/restart production of the Karma?
That's the $30 million dollar question, isn't it? Time will only tell.


Depreciation- I am definitely concerned with resale. I keep my vehicles 2-3 years usually. Will the Karma continue to depreciate heavily in the coming year(s)?
That's another question that would be hard to answer, as the car has only been out for a couple years. Prices on the used market have held steady at where they are at for about 8 months though, so we'll see.


One thing to note, the cars at the auctions are most likely all classified as 'used' and would not be eligible for the $7500 tax credit.

Good luck on the search!

See less See more
Thanks for the prompt reply Lormax,

The tax credit is a bummer, I was hoping to shave some of the cost off with that. No big deal though, I will keep searching. If I find a car at a dealer or auction, who would I contact for an inspection?

I guess this auction on February 12th will partially determine the future of the company. Lets see what happens!
Lormax does inspections, so you should contact him for that before you purchase. That said, my answer is that you can't afford a Karma. You said:

I can’t afford to have this vehicle break down. How much will maintenance cost per year?

If you can't afford for a vehicle to breakdown, it would be best to purchase one with a warranty at a dealer who offers loaner cars while being repaired. Sadly, that is not a Fisker.
I'd be happy to do a pre-purchase inspection for you. If the car is located in the South Florida area, please contact Harleyguy. Thanks!
Thanks for the help Lormax, I appreciate it!
Fisker of Orlando I think is still open I know they lost one tech but not sure how many they had . The dealership is owned by Fields which also owned two other Fiskers dealerships not sure how many they still own . You can always give them a call and see if they are still open for service . The last time they needed some major parts I referred them to Lormax since he is rebuilding the traction motors . Also if needed I think Fisker of Tampa is still open not sure what kind of service work they are doing .Their main technician left also but I know they had a second tech that also worked on Fisker's

At this point and this is a personal feeling I wouldn't buy the car until I knew what the future holds . That being said I know of 3 more people in my area that have purchased cars. I looked at two of them in the past week and have another two to look at in the next two weeks . People love the look of the car and no the risk of buying one right now and still bought them .

One of the cars I checked out was just put into a container and is on the way to the Cayman islands .
See less See more
I actually almost called them last week to ask a few questions. For some reason their website always defaults to Fields main site, I guess given all the turmoil they have decided to take it down. They have a Twitter and Facebook account and they still post on those daily so I assume there is someone still working. I will try to call them this week and ask about service as it would definitely be convenient to have a tech here in Orlando if I decide to move forward with the purchase.

I feel like this month will be a turning point for Fisker. I'm not in a rush to purchase a Karma so I agree that it is in my best interest to wait until we find out what is in store for the future.

Thanks!
If the auction turns out favorably for Karma owners, the prices of the cars you have listed above are not going to stay where they are.
I agree, and I would rather pay a higher price for peace of mind.
1 - 10 of 10 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top