It’s no surprise to anyone that Fisker is on life support and is nearing its final breath, as it has had way too many issues over the years. Even with the company likely organizing its affairs for bankruptcy, no one could have ever anticipated seeing a Karma for sale at less than half of the sticker price.
Well, we can now see that the unexpected is a reality, as Karmas are starting to trickle onto Ebay at massive discounts. When we drove the Karma , we found that it drive like a far more expensive car than its $100K price tag and later found that it actually costs more to develop and advertise than Fisker was actually selling the model for.
As of May 17th, we found four Karmas for auction on Ebay with current bids that run from $50,000 to $79,995 with less than 10,000 miles on their odometers. In fact, the $50,000 model only has 550 miles and it is 1 of 100 Signature Editions. Business Insider actually managed to dig one up for $40,200, which adds up to 60 percent off of the MSRP.
From the looks of it, Karma owners are getting spooked by Fisker’s financial trouble and the fact that if the company goes under, there is no large backer to cover warranty and service issues. Unlike when Pontiac and Saturn closed up shop, Fisker doesn’t have GM behind it to provide post-mortem support.
The Karma arrived with a ton of fanfare following numerous delays. Under its hood lays a turbocharged 2.0-liter engine that produces 260 horsepower. However, the power isn’t derived from this powerful engine, as it acts only as a generator for the two 150 kW (201 horsepower) electric motors.
The system combines for a total of 403 horsepower and 981 pound-feet of torque. This is enough power to get the 5,000-plus-pound sedan to 60 mph in as little as 6.3 seconds. Unfortunately, a department of energy loan that went south and was eventually frozen, several fires from a faulty cooling fan and numerous customer complaints about poor quality and lackluster fit and finish resulted in the company stopping production in 2012.
To date since the closure, Fisker hasn’t produced a single Karma and it laid off the majority of its labor force.