- The Faraday Future FF91 is an ultra-luxury EV.
- Its $300,000 as-new price tag is on par with a Rolls-Royce.
- However, depreciation may take a toll on the rare EV.
Back in 2017, a startup called Faraday Future said it would launch an all-electric car that would revolutionize the industry. It had immense power, a luxurious interior and a big price tag to match.
The $300,000 Faraday Future FF91 2.0 Future Alliance (try saying that three times in a row) was a tough sell from the get-go. It was extremely expensive for a car made by a new, unknown brand and the controversy associated with the company’s former CEO, Yueting Jia, made it quite unappealing. So much so that deliveries started five years later than originally promised, and to the best of our knowledge, just 13 cars were sold to the public. The startup claimed it had 300 orders and planned on fulfilling all of them.
On paper, the FF91 was impressive. With a 142-kilowatt-hour battery pack and a tri-motor all-wheel drive system good for 1,050 horsepower, it could hold its own next to the Tesla Model S Plaid and Lucid Air Sapphire. Inside, it’s extremely plush, with heated, ventilated and massaging “Zero Gravity” seats, 11 displays and rear-hinged back doors to make entry and exit as smooth as butter. The words “Artificial Intelligence” were also scattered throughout the press release.
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Suffice it to say, it was a dud. But no matter how bad or questionable an expensive car is when new, it can magically become better for the right price. That brings us to this particular FF91 that was recently for auction on Bring a Trailer. As of February 7 with five days to go, the high bid is just $31,250 and there’s no reserve. That’s roughly 10% of the original sticker price; the car has just 6,200 miles on the odometer and a clean title to boot.
Depreciation is the name of the game here, and for the right buyer, this could be the right car. Just bear in mind that while Faraday Future is still around—it’s actually trying to bring some more affordable EVs to the market—it’s still a very small company that has been struggling for several years to keep the lights on.
