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Fisker lost track of millions of dollars in customer payments for months

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1–10 of 72 posts

Re: Fisker lost track of millions of dollars in customer payments for months

#2
>In a few cases, it delivered vehicles without collecting any form of payment at all

That's crazy. I'm curious what happened in those instances. I suppose it depends a lot on the jurisdiction, but can Fisker come back and demand payment, or did those people just get free cars?

Re: Fisker lost track of millions of dollars in customer payments for months

#4
post #2

>In a few cases, it delivered vehicles without collecting any form of payment at all That's crazy. I'm curious what happened in those instances. I suppose it depends a lot on the jurisdiction, but can Fisker come back and demand payment, or did those people just get free cars?

I was utterly confused until I realized this is not Fisk*a*r the scissor maker.

Re: Fisker lost track of millions of dollars in customer payments for months

#5
post #2

>In a few cases, it delivered vehicles without collecting any form of payment at all That's crazy. I'm curious what happened in those instances. I suppose it depends a lot on the jurisdiction, but can Fisker come back and demand payment, or did those people just get free cars?

For something as valuable as a car, they definitely can. You still agreed to pay them.

However, you can decide to take the whole thing to court and see what a judge thinks about it. In a way, they screwed up and that may affect the contract.

Re: Fisker lost track of millions of dollars in customer payments for months

#6
post #3

“Checks were not cashed in a timely manner or just lost altogether” only in the US of A, or movies from 70s, something like this.

To be fair, my mother is in a protracted situation with one of Europe's largest banks and the UK government's savings scheme. She made a transfer of a sum of money to the savings scheme but the bank refused for various reasons, yet the savings scheme acted as if they had received it. She now has the lump sum in both the bank account and the savings scheme with both of them claiming everything is fine and refusing to investigate further unless she files an official complaint at having 2x the money(!)

If a global bank and the UK government can't figure this stuff out, I can certainly see how a company like Fisker might drop the ball.

Re: Fisker lost track of millions of dollars in customer payments for months

#7
Could the accounting problems be due to intentionally delaying having accurate revenue numbers?

Or (looking at vehicles delivered without payment) sales dept. breaking rules?

Or (always a good guess) is it actually a software fiasco, and people trying to work around non-working software?

Or did they not have an adequate accounting organization set up when they started taking orders, and for some reason let that persist for months?

Re: Fisker lost track of millions of dollars in customer payments for months

#8
post #2

>In a few cases, it delivered vehicles without collecting any form of payment at all That's crazy. I'm curious what happened in those instances. I suppose it depends a lot on the jurisdiction, but can Fisker come back and demand payment, or did those people just get free cars?

For something as valuable as a car, they definitely can. You still agreed to pay them. However, you can decide to take the whole thing to court and see what a judge thinks about it. In a way, they screwed up and that may affect the contract.

They might have a case to keep the car!

There are laws around sending people packages and then demanding payment.

I think it was to stop trolls from mailing you garbage and demanding payment afterwards…

I’m not a lawyer, them having a purchase agreement in place probably changes things, but a clever lawyer might be able to make a case

Re: Fisker lost track of millions of dollars in customer payments for months

#9
post #2

>In a few cases, it delivered vehicles without collecting any form of payment at all That's crazy. I'm curious what happened in those instances. I suppose it depends a lot on the jurisdiction, but can Fisker come back and demand payment, or did those people just get free cars?

For something as valuable as a car, they definitely can. You still agreed to pay them. However, you can decide to take the whole thing to court and see what a judge thinks about it. In a way, they screwed up and that may affect the contract.

They might have a case to keep the car!

There are laws around sending people packages and then demanding payment.

I think it was to stop trolls from mailing you garbage and demanding payment afterwards…

I’m not a lawyer, them having a purchase agreement in place probably changes things, but a clever lawyer might be able to make a case, but I’m just spitballing

Re: Fisker lost track of millions of dollars in customer payments for months

#10
post #7

Could the accounting problems be due to intentionally delaying having accurate revenue numbers? Or (looking at vehicles delivered without payment) sales dept. breaking rules? Or (always a good guess) is it actually a software fiasco, and people trying to work around non-working software? Or did they not have an adequate accounting organization set up when they started taking orders, and for some reason let that persi…

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