Cyberstuck

"After paying a broker $50,000 over MSRP to be one of the first people to own a Cybertruck"

I mean, come on lmao

It is likely a fake story.

1. The E-Scooter would have needed to hit that Cybertruck at like MACH 3 to do enough damage to warrant a total loss.
2. He can refuse the total loss and demand they do repairs ... yes, that is an option.
3. The article is adding a $50k delivery fee to the value of the vehicle. This guy allegedly agreed to pay and finance Fifty Thousand Dollars to have a car delivered ... everyone involved in doing this could be considered stupid.
4. There is no way this guy is stupid enough to not have Gap coverage (unless he is MAGA, then I take it back).

In a case like this the guy would have insurance over a barrel. He could turn down the total loss and demand repairs for so many reasons; The total loss is financially ruinous He could claim an emotional impact is involved in losing the vehicle and it needs repaired.

If this story is true, no one is dumb enough (except MAGA) to just accept the total loss payout and not sue the insurance company.

Ok ... Help me out here ... Is this an onion article? My only hint is the e-scooter but given the complete god awful design of that truck I can't even tell anymore.

Give the E-Scooter rider a medal. Four more and the person is an Ace.

TL;DR: man does not understand how Insurance works; that vehicles are depreciating assets.

What kind of fucking idiot does not understand that a vehicle is a depreciating asset!?

Yeah, the minute you buy a vehicle for $200,000 and you drive it off the lot, it is now worth $135,000.

Furthermore, insurance does not give you back "what you paid" you get "replacement value". So if you were stupid enough to pay $200,000 and it's depreciated to $70,000, that's what you get, because that's what it cost to replace your stupid toy.

Why is this even an article

On the face of it, this might seem like a grave injustice committed by the insurance company; however, sadly, looking at the current Cybertruck secondary market, $77,000 is about the fair market value for a similarly spec’d Cybertruck.

I don't see what the problem is then? Like you take the 77k, buy an identical used truck and are back at where you were before the accident which is the whole point of insurance...

What’s the problem? He got $77k because that’s what’ll cost him to buy a used Cybertruck, which will put him back to where he was before the accident. The financial loss he’s taken already happened way before the accident.

I don't know who is the biggest moron here the idiot buying a cybertruck or the idiotic banker approving a 200k loan for a cybertruck.

Either way... LMFAO 🤣

200k to blow on a car but doesn't have 30 bucks a month for gap insurance

Oh noes! You're having difficulty filing an insurance claim for your Swasticar? Woe unto you, the stars weep for your tragedy.

I read the article hoping to find out how being sideswiped by an e-scooter could total a truck, but I was left unsatisfied.

imagine spending 200k on a cybertruck and getting totaled by an escooter this guy is a fucking moron

Imagine being destroyed by a fucking scooter lol

Probably hard to find any recycled parts because there are so few of them on the road, and buying a new part is probably expensive and timely. I'm sure Telsa isn't allowing any LKQ production either. And even if you get a part, you have to go to a shop that can work on the car, which will be expensive because who's going to want to work on a vehicle that rusts when you look at it? Even if it seems fine, once someone is in an accident, every single thing that happens next will be the accident. Rear ended six months ago? Yup, that's why your tire blew, not the nail in it. So that person will keep coming back. The new piece is rusted, the new piece isn't as straight, the new piece buckled. An insurance company will absolutely total a car not just because the repairs are over the costs, but if it seems like it's always going to have issues, they'll make a decision to total it as the cheaper option. They do that with rodent issues all the time. And during all this, depending on his coverage, he's racking up rental. And rental always runs out.

He's complaining about standard insurance practices. They don't owe you the overpriced amount the dealership talked you into, they owe ACV/Actual Cash Value. The moment you leave the lot, it's losing money. It doesn't matter how great you took care of it, or if it's like new. You don't get the brand new, off the lot price, for a vehicle that's no longer brand new, off the lot.

This is why you also need gap insurance for anything but the cheapest cars. It exists to prevent this situation.

How the hell did a scooter do 77k of damage (or more)? Was it fired out of a rail gun? Did the rider survive? Do they need help?

Most likely explanation: had to wait for the cop to do a police report and got caught out in the rain and forgot to activate car wash mode.

Perfectly reasonable and normal for a scooter to destroy a giant pickup. Was the scooter made by space x?

Buying a 198k car on credit, smh.

Breaks out world's tiniest violin...

This piece of shit costs $200k???

That is the reason GAP insurance coverage exists. Deciding to skimp out on your insurance coverage when buying an expensive vehicle is stupid. Play stupid games, win stupid prizes.

Google started recommending this site to me recently, and it's garbage. It's all unverified social media posts told in the first person. Shit is WILD.

$198K of stupid banker. $198K of stupid wanker.

I just hope my savings aren't in a bank that "invests" like that.

Hard to imagine getting sideswiped by an e-scooter would disable a vehicle that size. Presumably it's still drivable. I would think he'd be better off paying for any truly necessary repairs himself and driving it as-is. But somebody who would pay that much for any car or pickup probably isn't the type to drive anything that doesn't look showroom fresh.