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Wandering Adventure Party

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  3. 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

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

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  • blitzen@lemmy.caB blitzen@lemmy.ca

    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.

    L This user is from outside of this forum
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    letstakealook@lemm.ee
    wrote on last edited by
    #66

    I was imagining the side airbags deploying if it was a sideswipe.

    blitzen@lemmy.caB 1 Reply Last reply
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    • L lemming741@lemmy.world

      It’s a little more complicated than that. They also factor in salvage value, and what it’d be worth after repair. Basically, whatever is cheaper for them. I’m guessing the battery and motors are quite valuable as salvage parts, and the value of a repaired CT is substantially lower.

      For instance- my 2017 2 door coupe, and my partners 2019 small SUV were both crushed in hurricane Helene. Adjusters stopped adding repair costs at $12k for my coupe, which they paid me $32k for. Her SUV was basically the same story- $11k in damage was enough to total it, and they paid her $24k.

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      ayyy@sh.itjust.works
      wrote on last edited by
      #67

      I always assumed the motors and batteries are paired with the cars the same way iPhone screens and batteries are, making them valueless for scrap unless you’re Tesla and can put in the right code…

      L 1 Reply Last reply
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      • B breakerswitch@lemm.ee

        Google started recommending this site to me recently, and it’s garbage. It’s all unverified social media posts told in the first person. Shit is WILD.

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        ayyy@sh.itjust.works
        wrote on last edited by
        #68

        I dunno how likely it is to find a peer-reviewed article about this. It’s not like “cybertruck owner made horribly bad financial decision” is breaking news, it’s just the status quo.

        1 Reply Last reply
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        • A ayyy@sh.itjust.works

          I always assumed the motors and batteries are paired with the cars the same way iPhone screens and batteries are, making them valueless for scrap unless you’re Tesla and can put in the right code…

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          lemming741@lemmy.world
          wrote on last edited by
          #69

          The inverters and hvjb could implement those features but you can’t really DRM copper windings and nickel cell casings

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          • L letstakealook@lemm.ee

            I was imagining the side airbags deploying if it was a sideswipe.

            blitzen@lemmy.caB This user is from outside of this forum
            blitzen@lemmy.caB This user is from outside of this forum
            blitzen@lemmy.ca
            wrote on last edited by
            #70

            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.

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            • C collapse_already@lemmy.ml

              How the hell did a scooter do 77k of damage (or more)? Was it fired out of a rail gun? Did the rider survive? Do they need help?

              Most likely explanation: had to wait for the cop to do a police report and got caught out in the rain and forgot to activate car wash mode.

              Perfectly reasonable and normal for a scooter to destroy a giant pickup. Was the scooter made by space x?

              Captain AggravatedC This user is from outside of this forum
              Captain AggravatedC This user is from outside of this forum
              Captain Aggravated
              wrote on last edited by
              #71

              I’m not sure you could total my S10 with a scooter.

              1 Reply Last reply
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              • K k0e3@lemmy.ca

                This piece of shit costs $200k???

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                helixdab2@lemm.ee
                wrote on last edited by
                #72

                No, he paid $200,000 for that piece of shit. Right now a new one should be about $70k, which is still $70k for a turd floating in a punch bowl, but is also $130,000 less than what he paid.

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                • Y yarr@feddit.nl

                  Gap insurance anyone?

                  astrskA This user is from outside of this forum
                  astrskA This user is from outside of this forum
                  astrsk
                  wrote on last edited by
                  #73

                  You don’t need GAP insurance if you just buy a vehicle you can afford in the first place.

                  I like the moneyguy 20/3/8 rule. 20% down in cash, no more than 3 years on the loan, no more than 8% of gross monthly income as your monthly payment.

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                  • C collapse_already@lemmy.ml

                    How the hell did a scooter do 77k of damage (or more)? Was it fired out of a rail gun? Did the rider survive? Do they need help?

                    Most likely explanation: had to wait for the cop to do a police report and got caught out in the rain and forgot to activate car wash mode.

                    Perfectly reasonable and normal for a scooter to destroy a giant pickup. Was the scooter made by space x?

                    B This user is from outside of this forum
                    B This user is from outside of this forum
                    bcsven@lemmy.ca
                    wrote on last edited by
                    #74

                    Also the title could be misleading, was a scooter in the lane and he just crushed it against a wall or second lane of traffic? Maybe scooter crushed under the frame punctured battery pack?. A lot off driver vs cyclist collisions often get headlines like Cyclist hits car. When the reality is driver pulled into path of cyclist. Or Driver actually directly hit cyclist by not giving proper lane clearance.

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                    • thefuzzyfurrycomrade@pawb.socialT thefuzzyfurrycomrade@pawb.social
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                      mystikincarnate@lemmy.ca
                      wrote on last edited by
                      #75

                      Oh no! Anyways.

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                      • astrskA astrsk

                        You don’t need GAP insurance if you just buy a vehicle you can afford in the first place.

                        I like the moneyguy 20/3/8 rule. 20% down in cash, no more than 3 years on the loan, no more than 8% of gross monthly income as your monthly payment.

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                        Y This user is from outside of this forum
                        yarr@feddit.nl
                        wrote on last edited by
                        #76

                        Sure, and you don’t need homeowner’s insurance if you don’t buy a house.

                        1 Reply Last reply
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                        • thefuzzyfurrycomrade@pawb.socialT thefuzzyfurrycomrade@pawb.social
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                          Lovable Sidekick
                          wrote on last edited by lovablesidekick@lemmy.world
                          #77

                          Hard to imagine getting sideswiped by an e-scooter would disable a vehicle that size. Presumably it’s still drivable. I would think he’d be better off paying for any truly necessary repairs himself and driving it as-is. But somebody who would pay that much for any car or pickup probably isn’t the type to drive anything that doesn’t look showroom fresh.

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                          • thefuzzyfurrycomrade@pawb.socialT thefuzzyfurrycomrade@pawb.social
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                            akademy@lemm.ee
                            wrote on last edited by
                            #78

                            It’s weird that sane people don’t do these awesome things.

                            WTF?

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                            • thefuzzyfurrycomrade@pawb.socialT thefuzzyfurrycomrade@pawb.social
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                              novocirab@feddit.org
                              wrote on last edited by
                              #79

                              Note that the original post is from January 26, 2025 (and says the sideswiping took place “last month”), so this happened rather before the backlash against Tesler gianed thrust.

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                              • N novocirab@feddit.org

                                Note that the original post is from January 26, 2025 (and says the sideswiping took place “last month”), so this happened rather before the backlash against Tesler gianed thrust.

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                                bob_lemon@feddit.org
                                wrote on last edited by
                                #80

                                The Cybertruck bring complete garbage was known from the second it was first revealed though.

                                And Elon was known to be a right wing sociopath for a bit longer than that, he just got less and less subtle about it.

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                                • B bob_lemon@feddit.org

                                  The Cybertruck bring complete garbage was known from the second it was first revealed though.

                                  And Elon was known to be a right wing sociopath for a bit longer than that, he just got less and less subtle about it.

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                                  novocirab@feddit.org
                                  wrote on last edited by novocirab@feddit.org
                                  #81

                                  Sure. I was thinking about the offered “fair market value” though, where it is relevant that even such already measly $77K do not yet reflect all the protests, the keying and arson risks, etc.

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                                  • thefuzzyfurrycomrade@pawb.socialT thefuzzyfurrycomrade@pawb.social
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                                    Krudler
                                    wrote on last edited by krudler@lemmy.world
                                    #82

                                    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

                                    L H T joel_feila@lemmy.worldJ H 6 Replies Last reply
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                                    • thefuzzyfurrycomrade@pawb.socialT thefuzzyfurrycomrade@pawb.social
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                                      itdidnttrickledown@lemmy.world
                                      wrote on last edited by
                                      #83

                                      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.

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                                      • thefuzzyfurrycomrade@pawb.socialT thefuzzyfurrycomrade@pawb.social
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                                        etterra@discuss.online
                                        wrote on last edited by
                                        #84

                                        Imagine being destroyed by a fucking scooter lol

                                        Captain AggravatedC 1 Reply Last reply
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                                        • K Krudler

                                          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

                                          L This user is from outside of this forum
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                                          limonene@lemmy.world
                                          wrote on last edited by
                                          #85

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

                                          1 Reply Last reply
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