"After paying a broker $50,000 over MSRP to be one of the first people to own a Cybertruck"
I mean, come on lmao
this post was submitted on 30 May 2025
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It is likely a fake story.
- The E-Scooter would have needed to hit that Cybertruck at like MACH 3 to do enough damage to warrant a total loss.
- He can refuse the total loss and demand they do repairs ... yes, that is an option.
- 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.
- 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.
MAGA is 70+mil people in the US and intelligence is less of a steep climb after that and more of painful, barely perceptible slope toward eventual mediocrity. As for the E-Scooter, you’d be amazed how easy it is to damage a Cybertruck, and remember that total losses are connected more to repair costs than anything and these heaps of garbage can be very expensive to repair properly. Whether or not the guy challenges them on it I do not doubt that they easily could have declared it a total loss.
I feel like, at this point, if you say “no one could be that dumb” then you are using yourself to prove that they absolutely could be. It could even be fake in the end but you’re not right if you stumbled upon the correct answer using deeply flawed logic and got lucky.
No, I "stumbled" onto the answer because I have 4 years of total loss specialty appraisal experience and know exactly what I'm talking about.
And yet, if you look at my comment, I was specifically talking about how the last decade has been marked by people saying “no one could be that dumb” and then watching them all be that dumb and here you are, repeating history. So, job specific experience not required.
And aside from that I know people with decades of career experience who are dumber than rocks and barely squeak by simply because our society is a farce. I’ll say that’s probably not you, but it’s far from impossible.
Plus I just don't see how a bank would be willing to finance the $50k broker fee. Cars can end up underwater from depreciation, but I've never heard of a bank willingly lending more than the purchase price of a new car, to where it's underwater at the transaction.
Tesla did the financing for a lot of those, and they did finance the crazy delivery fees.
Dumb and wasteful
200k to blow on a car but doesn't have 30 bucks a month for gap insurance
Came here to say super similar.
Also, since when is gap insurance $30 per month? I want to say I paid a flat $300 for it on my last car (back in 2020, just before the pandemic) for the life of the loan (6 years / 72 months)
That is almost as much as my house which will actually gain value over time rather than lose it immediately
It's crazy it was ever sold for that much even crazier how many broke people were able to acquire one and are now in way over their head like this guy
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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.
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...
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 🤣
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.
This is why you also need gap insurance for anything but the cheapest cars. It exists to prevent this situation.
Or you just don't spend 200K on a cybertruck if you don't have that kind of money. What is a cybertruck going to do for you that a 10K second hand truck can't? Even if your second hand 10K truck burns down after a year, you can still buy a new one every year for 20 years for 200K.
I don't think a $10K secondhand pickup truck exists anymore.-- At least not one with a working engine.
Wut? My current tow vehicle was $3800, and I'm currently shopping for another pickup at <$2000. Cheap trucks still exist. People are getting too picky about how new it needs to be. Or they don't want to turn wrenches.
imagine spending 200k on a cybertruck and getting totaled by an escooter this guy is a fucking moron
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.
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Oh noes! You're having difficulty filing an insurance claim for your Swasticar? Woe unto you, the stars weep for your tragedy.
Holy shit those useless piles of nazi garbage cost 200k???
Good point.
You bad they didn't get GAP insurance
Gap insurance is a scam in "most" instances. But dropping 100+k driving off the lot... Wait no it's still a scam, he's is just a fucking idiot for buying it in the first place ..
Maybe I got lucky. But I financed half of a car once, got the GAP insurance, and was hit at a red light.
The car was totaled, but I was also upside down on the loan. I ended up walking away with a profit.
It definitely feels like a risk/reward thing. But Im glad I had it when I needed it. I wouldn't say it's necessarily a scam, but I do feel like regular car insurance is.
Every insurance is a scam right up until you need it. Gap is cheap as hell and if you can't budget for it you should have the cash in hand to replace your vehicle.
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