Though it was once one of the most sought-after cars in the world and commanded a six-figure MSRP, the want and value of the Fisker Karma plummeted following its widely-publicized bankrupcy. Even with only about 2,000 Fiskers even made, the few low-mileage leftovers are selling for about half what they cost new, though the prices seem to have stablizied or perhaps even recovered in the past year. Is this a bargain buy, or a case of buyer beware?
This particular eBay example has just under 20,100 miles on the odometer, which qualifies as barely broken-in to me, but the asking price is just $53,900. Compare this to the window sticker, which tallies the grand total of the loaded Fisker Karma at about $116,000, which makes even the Tesla Model S seem affordable in comparison. Despite the high price though, it’s estimated that Fisker lost about $35,000 for every Karma it sold. It’s little wonder that Fisker went bust after less than two years of production.
Unfortunately for the relatively few Fisker owners, the widely-publicized bankruptcy of Henrik’s would-be automaker initially led for a fire sale of sorts for owners looking to ditch their bad Karma ASAP. After last year’s bankruptcy, some Fisker’s sold for as little as $40,000 and many were listed for $60,000 or less. The few other Karmas on eBay are asking between $60,000 and $70,000, which seems to indicate that the worst is over for owners worried their plug-in hybrids might be worth less than a used Subaru after just a couple of years out of production.
When Wanxiang scooped up the remnants for a bargain basement price, it promised to restart production within a year, as well as producing replacement parts for current models. That’s good news for Fisker fans, which seems reflected in the eBay prices, and for those who can’t quite afford a Tesla Model S, a used Karma might be a slightly more affordable (albeit not totally electric) alternative. And if that drivetrain doesn’t do it for you, you can always go to Bob Lutz and have a V8 conversion done instead. Of course there’s still a chance that the Fisker ends up abandoned again, and next time there might not be a white knight to save it.
Would you go green or go fast with one of these leftover Fiskers, or just not go anywhere at all and keep your money instead?