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submitted 2 days ago by [email protected] to c/[email protected]
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[-] [email protected] 27 points 17 hours ago

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

I mean, come on lmao

[-] [email protected] 13 points 16 hours ago

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.

[-] [email protected] 28 points 22 hours ago

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.

[-] [email protected] 2 points 16 hours ago

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.

[-] [email protected] 2 points 15 hours ago

Tesla did the financing for a lot of those, and they did finance the crazy delivery fees.

Dumb and wasteful

[-] [email protected] 6 points 20 hours ago* (last edited 20 hours ago)

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.

[-] [email protected] 3 points 18 hours ago

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.

[-] [email protected] 11 points 19 hours ago

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

[-] [email protected] 4 points 16 hours ago

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

[-] [email protected] 12 points 22 hours ago

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...

[-] [email protected] 10 points 21 hours ago

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.

[-] [email protected] 12 points 23 hours ago

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 🤣

[-] [email protected] 7 points 23 hours ago

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

[-] [email protected] 7 points 1 day ago

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.

[-] [email protected] 1 points 23 hours ago

I know you can for houses, but can you insure a vehicle for replacement cost?

[-] [email protected] 1 points 17 hours ago

Yup. It'll likely be an endorsement and mean increase the premiums, but you can totally do that. Some may have a soft limit, like insurscing replacement costs up to a million or what have you.

[-] [email protected] 54 points 1 day ago* (last edited 1 day ago)

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

[-] [email protected] 11 points 1 day ago

Why is this even an article

Because it's designed to make us feel good at the cost of a fool's misfortune.

Just like 50% of the "news" out there.

[-] [email protected] 9 points 1 day ago

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

[-] [email protected] 14 points 1 day ago

This is like ragebait mixed with an ad for gap insurance

But it's schadenfreude nonetheless

[-] [email protected] 12 points 1 day ago

Because the level of depreciation of the Cybertruck is unusally high compared to other cars.

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[-] [email protected] 35 points 1 day ago

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

[-] [email protected] 2 points 19 hours ago* (last edited 19 hours ago)

That is almost as much as my house which will actually gain value over time rather than lose it immediately

[-] [email protected] 1 points 16 hours ago

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

[-] [email protected] 12 points 1 day ago

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)

[-] [email protected] 1 points 23 hours ago

well he's gonna be paying that off for the rest of his life now :) good investment!

[-] [email protected] 10 points 1 day ago

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

[-] [email protected] 6 points 22 hours ago

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.

[-] [email protected] 1 points 19 hours ago* (last edited 19 hours ago)

I don't think a $10K secondhand pickup truck exists anymore.-- At least not one with a working engine.

[-] [email protected] 2 points 19 hours ago

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.

[-] [email protected] 21 points 1 day ago

Imagine being destroyed by a fucking scooter lol

[-] [email protected] 10 points 1 day ago

So I saw something about this.

Apparently the Cybertruck is way more unibody than most cars, their "gigamold" technology or whatever where the truck is made out of a small number of unusually large parts means a bolt-on bolt-off repair on most cars is "the entire cab is bent, it's done" on the DePlorean.

[-] [email protected] 3 points 18 hours ago

I love how Musk will just put "giga" in front of things to make it sound cool. It's sooooo silly and ridiculous, like something a 7 year old would do, or a comic book supervillain.

"Sir we've finished the road to -"

"The gigaroad."

"Er, yes, we finished the gigaroad to the facto-"

"Gigafactory"

"..."

"😎"

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[-] [email protected] 1 points 20 hours ago

Gap insurance exists for a reason ig

[-] [email protected] 188 points 2 days ago

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

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[-] [email protected] 4 points 1 day ago
[-] [email protected] 8 points 1 day ago

I got hit in a parking lot by a little old lady cutting acrros the parking lot. They wanted to total my car and I told them no. They subtracted the salvage amount and cut me a check for the rest. A oem fender and some color matched paint cost less than 500. So this story is bullshit.

[-] [email protected] 4 points 1 day ago

According to another comment:

Apparently the Cybertruck is way more unibody than most cars, their "gigamold" technology or whatever where the truck is made out of a small number of unusually large parts means a bolt-on bolt-off repair on most cars is "the entire cab is bent, it's done" on the DePlorean.

[-] [email protected] 2 points 23 hours ago

By a ebike no less. What a POS those things must be.

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[-] [email protected] 27 points 1 day ago

Breaks out world's tiniest violin...

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this post was submitted on 30 May 2025
491 points (92.3% liked)

Cyberstuck

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