As part of its bankruptcy filing, Fisker has agreed to sell the last few Ocean SUVs it has in stock to a leasing business. American Lease, a company based in New York, wants to buy the last 3231 Ocean SUVs for up to $46.3 million, but the court has to agree to this. A document from July 2 says that Fisker will not be able to pay for important costs like taxes and labor if the deal is not accepted by July 12. As a result of Fisker’s sad bankruptcy, a leasing business will buy the rest of the Ocean SUVs that the company made. A new document filed on July 2 by Fisker says the company will sell the 3231 Ocean SUVs it still owns to American Lease, a company that rents cars to ride-sharing users. American Lease promised to pay between $2500 and $16,500 per Ocean, depending on how good the car was. The car that used to be called Oceans will sell for a little more, $3200, but the lower price will only be given to broken cars. Fisker’s report says that it has 2711 new cars in “good working order” set aside for fleets in the US and Canada at the highest price point of $16,500. The sale may have a wider scope and bring in more cash, but for now, the overall amount is only $46,250,000. When it first came out, the Ocean’s starting price ranged from just under $40,000 for the base Sport model to more than $70,000 for the top-of-the-line Extreme model. Let’s put those car costs in perspective. Fisker tried to stay out of bankruptcy in March but failed, which cut their numbers by up to $24,000. Need to Speed Up One requirement for selling extra SUVs in bulk is court approval. On July 9, Fisker’s plan to allow the sale will be discussed. If the sale isn’t allowed by July 12, the automaker must ask for a faster sale to cover basic business costs like taxes and labor, as stated in the application. The paper provides more information about long-term help. The paperwork states that the car company won’t honor any warranties under this agreement, which states that “Fisker shall have no obligation of repair or maintenance.” Invoice Pricing asked Fisker’s head of communications, Matthew Debord, what Ocean buyers can expect from their warranty. Debord answered, “We have nothing to say other than what we’ve filed.” If American Lease asks, Fisker will give them all the source code or other proprietary software operating elements, along with any existing developer work, that they may need for (i) running the Vehicles and any other Fisker vehicles that the Buyer may own or buy under this agreement or in some other way, and (ii) making software improvements to the Vehicles after the transaction. This choice is even stranger when you consider that the filing says Fisker won’t have to update the cars’ software past version 2.1.
