Fisker (FSR) Announces Digital Financing Platform: 'Fisker Finance'

Sustainable electric vehicle company, Fisker Inc. (NYSE: FSR) today announced their digital financing platform called "Fisker Finance". The company also reaffirmed the nomination of Chase in the US and Santander Consumer Finance in Europe as retail financing partners.

“Fisker is a digital car company, first and foremost, focused on a seamless customer experience at every step. Providing finance options on our digital platform, including financing factory-installed options, is part of providing our customers with a completely hassle-free experience respectful of their time,” says Fisker Chairman and CEO Henrik Fisker. “We also aim to provide insurance on our digital platform as we designed and engineered the Fisker Ocean with affordable premiums in mind. The Fisker Ocean One will stand out with all its unique standard options and features.”

Fisker Finance plans to begin offering financing in the fourth quarter of 2022. Aligning with the launch of the Fisker Ocean in November.

Customers using the Fisker Finance will be able to navigate the digital loan process at their own pace. Enabling customers to apply for vehicle financing, receiving competitive, personalized decisions, plus the ability to finance vehicle accessories such as home charging equipment and factory-installed accessories.

On July 1, Fisker began offering early reservation holders in select markets the opportunity to secure one of 5,000 Fisker Ocean One limited edition launch vehicles, by committing to a $5,000 USD deposit.

Early reports confused the limited edition offer as the company requiring an additional $5,000 non-refundable deposit for all vehicles. However, a spokesperson for the company clarified, saying “The $5,000, which is just a down payment, is for customers/fans that specifically want to lock down" the launch edition vehicle, and it does not apply to Fisker reservation holders overall—for any other model.

By Michael Elkins

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