Cyberstuck

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

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

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.

Buying a 198k car on credit, smh.

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.

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

I paid a broker in California to find one and ship it to me. Their fees were $50k plus fees/taxes (totally reasonable seeing how limited they were.)

Allstate isn't covering that and is hitting me with depreciation. Can I fight this?

What a dumbass. Hell no your insurance isn't going to cover the amount you paid somebody to go and find one of these for you, and no, $50K for that service is not reasonable lmao

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

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

"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.

Breaks out world's tiniest violin...

This piece of shit costs $200k???

Imagine being destroyed by a fucking scooter lol

Congratulations on being an idiot who bought the most idiotic vehicle ever offered...this side of the Pontiac Aztec.

Did they not get Gap insurance for their loan?

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.

What I want to know is if the poor person who was riding that scooter when he cut them off is OK

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...

The Price is Right failure horn

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.

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

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 🤣

Just some free finance advice. Vehicles are a money sink, they only lose you value. If you aren't comfortable with the concept of losing money, DO NOT buy an expensive vehicle. But the cheapest used car you can with cash on hand. Now, that's not possible for everyone. And it's not practical for everyone, it might be in your best interest to lease a vehicle for a monthly fee. Your lease should be with a reputable car dealer that has some kind of agreement to regularly maintain the car, and to trade it in often for another car without increasing your fees. The goal here is to pay as little as you can, and trade in often so you don't ever reach the point of needing serious repairs to the vehicle. Different situations have different needs, no one size solution works. But I'd HIGHLY discourage taking out a large debt in order to buy a new car. Your losing money you don't have. That's a bad idea. Then again, bankruptcy has few downsides when you are already poor.

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