Fisker Owners Offered Buyback and Trade-In Deal with Rivian and Chase

It looks like Fisker Ocean owners finally have a lifeline. After months of uncertainty, a deal has been reached with JPMorgan Chase that gives owners three options to offload their vehicles—whether they’re working or not.

Each owner will receive a settlement offer from Chase, and while the amounts may vary, the choices are the same:

1. Sell your Fisker Ocean to Rivian at a fixed price.
2. Trade it in to Rivian for the same price and get some incentives toward buying or leasing a Rivian.
3. If your vehicle is completely dead (“bricked”) and can’t be fixed, Chase will buy it back.

The fixed price is based on what you originally paid, minus some depreciation for usage. The good news? The legal team handling this won’t be taking a cut from your proceeds—Chase is covering their fees separately.

For Fisker owners frustrated with failing software, missing features, or just the general instability surrounding the company, this deal is probably the cleanest exit yet. And if you were already eyeing a Rivian, this might be the perfect excuse to make the switch.

Trading in for a Rivian? I wouldn’t be doing my job if I didn’t share my Rivian Rewards referral link.

Thanks to Amp’d Adventures for sharing this with us.