Fisker announces Fisker Finance℠, providing seamless financing options for customers; reaffirms nomination of retail financing partners
  • Digital financing program aligns with launch of Fisker Ocean in November 2022
  • Fisker reaffirms nomination of Chase in the US and Santander Consumer Finance in Europe as Fisker's retail financing partners, with more announcements to come
  • Retail loan options include vehicle, accessories and home charging equipment financing 

Fisker Inc. (NYSE: FSR) ("Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – today announced Fisker Finance℠, a digital financing platform offering seamless and convenient loan purchase options[1] to Fisker customers. The company also reaffirmed the nomination of Chase[2] in the US and Santander Consumer Finance in Europe as retail financing partners, as noted in its February 2022 earnings release, with more announcements to come.

Starting with buyers of the class-leading, limited edition all-electric, five-passenger Fisker Ocean One, the Fisker Finance℠ direct-to-consumer digital platform will enable 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. Production of the Fisker Ocean is on track starting November 2022 at a carbon-neutral factory in Austria.

“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.”

Customers will be able to navigate the digital loan process at their own pace. Starting with the credit application on fiskerinc.com or Fisker’s app, applicants can select a retail financing structure that best fits their needs. Customers will be able to review their financing details and electronically sign documents online. Following vehicle delivery, Fisker owners can digitally access their account, make payments and obtain personalized customer support.

On July 1, Fisker began offering early reservation holders in select markets the opportunity to secure a Fisker Ocean One by committing to a $5,000 USD deposit.[3]

This pre-order deposit allows Fisker to plan its manufacturing build more accurately, as customers provide information regarding their desired specifications, including exterior and interior colors and accessories. As Fisker schedules production of each vehicle, Fisker Ocean One buyers will finalize pre-order specifications, and the company will assign a specific number ranging from #1 to #5000 to each limited-edition vehicle.

The response to the Fisker Ocean One pre-ordering is extremely positive, and the company is progressing well towards selling out of this exclusive launch edition. Reservation holders opting out of the Fisker Ocean One remain in line for future versions of the emissions-free Fisker Ocean SUV.

Fisker Finance℠ plans to begin offering financing in the fourth quarter of 2022. Fisker expects to nominate financing partners in additional regions, with more announcements to come.

[1] Subject to approval. Terms and conditions apply. This is not a commitment to lend. Program, rates, terms, and conditions are subject to change without notice.

[2] JPMorgan Chase Bank, NA will decide, originate, and service loans for Fisker customers in the US under the licensed program name, Fisker Finance℠.

[3] (or approximate local currency equivalent)