December 3, 2019

Last week, Fisker Inc. announced its plans to enter the vehicle subscription market. The company will offer consumers early access to the Fisker Ocean, an all-electric luxury SUV, via subscription for $379 a month. Prospective subscribers can reserve their Fisker Ocean now for $250, which is fully refundable. Unfortunately, eager drivers will have to wait until 2022 to take delivery on their cars. Much like a lease, subscribers will have to make a down payment of $2,999 before receiving their vehicles. Customers with approved credit also have the option to finance the down payment.