Rivian and Chase have come to the rescue of Fisker owners with a generous buyback plan that offers a glimmer of hope in the aftermath of Fisker’s Chapter 11 bankruptcy filing in June 2024. This initiative allows Fisker owners to sell their vehicles to Rivian or trade them in for a new Rivian, offering higher average buyback and trade-in values than what the open market can provide.
Fisker owners have started receiving notices from the Hagens Berman law firm this week detailing the offer, which includes the option to sell to Chase if the Fisker is inoperable or unrepairable. The buyback scheme presented by Rivian and Chase offers three different options to Fisker owners, providing a fixed price for selling the vehicle to Rivian, trading it in for a new Rivian with incentives, or having Chase purchase the vehicle at a fixed price if it is inoperable.
The buyback and trade-in program is open to Fisker Ocean owners who have purchased their vehicles through Fisker Finance or are part of Hagens Berman’s class-action lawsuit against Fisker. The buyback offer aims to alleviate the financial burden for Ocean owners who have faced challenges with their vehicles, such as software bugs, regenerative braking issues, and malfunctioning key fobs.
One Fisker owner received a Rivian trade-in offer worth $36,454.68, providing a significant relief considering the initial purchase prices of Fisker Ocean models. Meanwhile, Rivian, known for its R1T pickup truck and R1S SUV, is positioning itself as a reliable alternative to Fisker, with plans to release more affordable next-generation models in the near future.
The assistance offered by Rivian and Chase serves as a lifeline for Fisker owners, offering them some relief amidst the challenges faced with a troubled manufacturer. While the buyback program may not resolve all financial issues, it presents an opportunity for Fisker owners to transition to more reliable and promising EV options from Rivian.
As Rivian and Chase extend a helping hand to Fisker owners, the automotive industry witnesses a strategic alliance that aims to support customers in difficult situations. This partnership not only demonstrates compassion but also underscores the evolving landscape of industry collaborations for the benefit of consumers.
In conclusion, Rivian and Chase’s buyback and trade-in scheme provides Fisker owners with a viable path forward, offering a ray of hope during uncertain times caused by Fisker’s bankruptcy. The collaboration between these companies not only showcases a commitment to customer care but also sets a positive precedent for industry support initiatives.
Original Source: [Autoblog](https://www.autoblog.com/news/rivian-and-chase-throw-fisker-owners-a-lifeline-with-advantageous-buyback-plan)
