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> Right now, Fisker owners should make sure they have great comprehensive insurance on their cars, says Justin Simard, an associate professor of law researching

by rdtsc 2y ago

> Right now, Fisker owners should make sure they have great comprehensive insurance on their cars, says Justin Simard, an associate professor of law researching commercial law at Michigan State University College of Law. Without a functioning service and repair system, “you could get totaled out with a little fender bender,” I wonder if we squint and read between the lines it's translated as "Whatever you do, after making sure you have a comprehensive insurance policy, do not get into a fender bender that will total your Fisker car and let your insurance company replace your Fisker with another vehicle..."

RDaneel0livaw 2y ago
Absolutely 100% what I was thinking hahahah. Also that article also states something about the resale value going down..... ummmm .... going down? How is that possible? I would assume the current resale value is $0. Who on earth would buy a used ev from a company that doesn't even exist anymore?
- klhutchins 2y ago
  Then with enough leaving the market, they will become a rare collectable, to bring the price back up in a few (or many) years.
  - beefnugs 2y ago
    Absolutely, the best thing to do is preserve it as best as possible and put in storage. In many years it will be worth something as a rare kit rebuild
    - m463 2y ago
      Somehow, I just picture the old devices I've forgotten in a drawer somewhere for a decade - with alkaline batteries inside.
- marssaxman 2y ago
  > Who on earth would buy a used ev from a company that doesn't even exist anymore? So it sounds like you're telling me that the telemetry may still try to phone home, but there's no longer anyone there to answer? The automated firmware update system which lets the manufacturer brick and/or fuck with your vehicle after you've bought it no longer does anything? This sounds very interesting.
georgeecollins 2y ago
If you are well enough off to buy a Fisker I think you should consider having a very high deductible for damage to your car. It isn't worth it to insure your car for dings and dents if you can reliably afford to pay the body shop / tire place yourself. If you price shop different deductible levels you will see that you pay the cost of the trip to the body shop every 3- 5 years. Caveats: Leases may not let you do this. Insurance is priced wildly differently for all kinds of reasons. Some places you may get your car dented a lot more frequently.

by rdtsc 2y ago

RDaneel0livaw 2y ago

Absolutely 100% what I was thinking hahahah. Also that article also states something about the resale value going down..... ummmm .... going down? How is that possible? I would assume the current resale value is $0. Who on earth would buy a used ev from a company that doesn't even exist anymore?

klhutchins 2y ago
Then with enough leaving the market, they will become a rare collectable, to bring the price back up in a few (or many) years.
- beefnugs 2y ago
  Absolutely, the best thing to do is preserve it as best as possible and put in storage. In many years it will be worth something as a rare kit rebuild
  - m463 2y ago
    Somehow, I just picture the old devices I've forgotten in a drawer somewhere for a decade - with alkaline batteries inside.
marssaxman 2y ago
> Who on earth would buy a used ev from a company that doesn't even exist anymore? So it sounds like you're telling me that the telemetry may still try to phone home, but there's no longer anyone there to answer? The automated firmware update system which lets the manufacturer brick and/or fuck with your vehicle after you've bought it no longer does anything? This sounds very interesting.

georgeecollins 2y ago

If you are well enough off to buy a Fisker I think you should consider having a very high deductible for damage to your car. It isn't worth it to insure your car for dings and dents if you can reliably afford to pay the body shop / tire place yourself. If you price shop different deductible levels you will see that you pay the cost of the trip to the body shop every 3- 5 years. Caveats: Leases may not let you do this. Insurance is priced wildly differently for all kinds of reasons. Some places you may get your car dented a lot more frequently.