The Risks of Buying a Bankrupt Automaker’s Vehicle
Introduction
Many automakers have come and gone over the years, with some falling into the uncanny valley of production. One such example is the Lordstown Endurance, which is currently available at auction to the highest bidder. However, potential buyers should be aware of the risks associated with purchasing a vehicle from a bankrupt manufacturer.
Key Points
- The Lordstown Endurance is being auctioned off without a title and limited service options.
- This electric truck features a quad-motor drivetrain with 440 hp and a 109 kWh battery pack.
Considerations
Buying a car from a now-bankrupt automaker like Lordstown Motors raises questions about the long-term viability and maintenance of the vehicle. Unlike established brands, startups like Lordstown may lack the infrastructure and support needed for ongoing maintenance.
Challenges
The Lordstown Endurance being auctioned has less than 200 miles on the odometer and comes with a quad-motor drivetrain. However, it has limited range, no title, and minimal service options, making ownership potentially challenging for buyers.
Final Thoughts
Before considering purchasing a vehicle from a bankrupt automaker, such as the Lordstown Endurance, buyers should weigh the risks and benefits carefully. While the allure of owning a unique vehicle may be appealing, the lack of support and potential maintenance issues should not be overlooked.