“After paying a broker $50,000 over MSRP to be one of the first people to own a Cybertruck”
I mean, come on lmao
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.
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
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…
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 🤣
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
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.
It was never even worth $200k they paid an extra $50k to get it earlier.
This is like ragebait mixed with an ad for gap insurance
But it’s schadenfreude nonetheless
Because the level of depreciation of the Cybertruck is unusally high compared to other cars.
Yup i used to sell insurance and so few understand even that basic part
Why is this even an article
Rage bait. It got you to interact with it
Rage bait? Read like a feel-good story to me.
Righteous-indignation-bait, equally as common. “Breaking news: person you don’t like experiences bad thing as result of what you dislike about them; more confirmation bias at 12”
It got me to comment on lemmy, I’m not dumb enough to give them my eyes.
The headline alone is revelatory that it’s ignorant and designed to make people stupider while cashing in on negative feelings towards that facist guy.
It’s the same thing on the space community. Everyday there’s multiple posts about how water is found in space like okay we already fucking know that. But it constantly appeals to uninformed people that want to fantasize about aliens.
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
well he’s gonna be paying that off for the rest of his life now :) good investment!
Oh noes! You’re having difficulty filing an insurance claim for your Swasticar? Woe unto you, the stars weep for your tragedy.
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.
I know you can for houses, but can you insure a vehicle for replacement cost?
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.
Imagine being destroyed by a fucking scooter lol
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.
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”
“…”
“😎”
So they are among their other problems hard to repair even the body panels
Zach at Jerry Rig Everything snapped the hitch and nearby frame off his cybertruck with an excavator (for science!), and Tesla repaired it for him and let him film the repair. They have a really impressive adhesive that lets them replace partial panels. (One neat engineering speck in the sea of Tesla awfulness.)
It might not be that the truck is truly unrepairable, but it’s a relatively expensive repair, and insurance weighed the immediate cost plus future liability (the repair will always be blamed for future problems even if it’s not really the culprit) and decided totaling was the best decision for their business model.
It’s really impressive to stick the tow hitch to the back with glue?
The repair was the frame (the hitch took quite a bit with it), but no, the impressive part was gluing a pair of 2" cylinders, tying a rope to either end, and picking the truck up with it.
Well when the entire frame is composite…no.
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.
I read the article hoping to find out how being sideswiped by an e-scooter could total a truck, but I was left unsatisfied.
Remember that a “totaled” vehicle doesn’t mean it can’t be used, or even that it is heavily damaged just that insurance has decided that the specific repairs needed would cost more than just paying out the current value.
They don’t care if you get your vehicle fixed or replaced, insurance only cares about paying as little as possible using every loophole as possible.
Yeah, I’ve been on the other side of that, but sideswiped by a scooter? I get that they aren’t worth as much as they were, but still…
Cybertrucks are really, really bad for repairability. Consider the fact that on a normal car you can fix a dent by getting the panel most of the way back to the correct shape and then fairing it the rest of the way with Bondo before painting it. But with a Cybertruck, you’d have to metalwork the panel all the way back to perfect and then somehow figure out how to match the surface finish. It’s a lot more labor, if it’s even possible.
It could be that the insurance doubts that the vehicle can be completely restored to its pre-loss condition at any price.
metalwork the panel all the way back to perfect
My dude, have you ever seen a Swastikkkar? Those panels ain’t even perfect when they leave the factory.
Thats the hard part, how would a bodyshop mimic the shittyness of the factory look
Step 1: take in damaged Cybertruck.
Step 2: do absolutely fuckall to it.
Step 3: charge owner $6000 for repairs.
Step 4: watch happy owner drive off.
i think insurances are either not covering it, or they double, triple the cost of preniums.
I’m with you. How fast was that scooter going?!
At least 2mph.
Probably.
to a cybertruck it might as well go 2mps, 2 miles per second.
It was a made up story posted to reddit. The original reddit post was deleted but people mentioned the pictures were taken directly from this story of a Cybertruck being hit by a Toyota: https://www.electrifiedmag.com/news/tesla-cybertruck-holiday-hiccup-first-reported-accident/
A truck would be fine, but this fragile piece of shit just fell apart.
It doesn’t make any sense. eScooters are all plastic lol
Right, but cybertrucks are mostly bovine excrement.
Whoa hey now, that’s not true at all.
There’s plenty of rust on them after it rains too.
I suspect his story is bullshit. His truck was sideswiped by an e-scooter with enough force to damage the doors, wheels, deploy the airbags, and render the vehicle immobile? How fast/massive was this e-scooter? Did the e-scooter rider survive this incredible impact? None of this passes the sniff test unless there is some misalignment in the understanding of what constitutes an e-scooter or he was hit with a glancing blow by a magnetically launched scooter with a rather large rider.
I feel like I have to address the airbag situation. Airbags don’t deploy upon impact (at least not directly), but rather upon any significant deceleration. Anytime the vehicle decelerates enough that your body is thrown forward with force is when an [front] airbag would deploy. You know the thing where your seatbelt locks up as you’re braking? Same principle, but a higher threshold.
So the father back up your point, I cannot see how an e-scooter, sideswiping or even being hit head-on, could cause enough deceleration that would deploy the airbags.
Then again, it’s the cyber truck, so from a “safety” perspective who knows.
I was imagining the side airbags deploying if it was a sideswipe.
A different set of forces would activate those to be sure. I know rollover forces deploy side airbags.
Again, it’s a cybertruck, so its poor craftsmanship is probably enough to blame.
Good points
Put a crease in the metal down the whole length of any vehicle and the bill wont be gentle.
