Cyberstuck

921 readers

95 users here now

A place to post your Cybertruck fails! We're here to make fun of this hunk of shit and throw as much shade as we can to that garbage bag of a human elon.

No doxxing No slurs No racism And no fucking nazis!

founded 3 months ago

MODERATORS

Punchshark

502

My Tesla Cybertruck Got Totaled After It Was Sideswiped by an E-Scooter. All-in, I paid $198K, but Insurance is Only Offering Me a “Fair Market Value” of $77K. I Still Owe the Bank $171,500 (www.torquenews.com)

submitted 1 week ago by [email protected] to c/Cyberstuck

164 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 57 points 1 week ago* (last edited 1 week ago) (9 children)

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

[–] Hozerkiller 10 points 1 week ago

It was never even worth $200k they paid an extra $50k to get it earlier.

load more comments (8 replies)