Used Fisker Karma Values Bounce Back

fisker-karma-ebay

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?

 

Christopher DeMorro

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.