A Tesla Cybertruck owner shares his truck was totaled after it was sideswiped by an E-scooter. However, the insurance company is only offering to pay him a “fair market price” of $77K, even though he paid $198K for the truck and still owes the bank $171K.
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!