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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Give the E-Scooter rider a medal. Four more and the person is an Ace.
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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”
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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”
“…”
“
” -
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.
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Fake fucking news. Why is everyone latching on to this like it was real?
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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.
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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?
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“After paying a broker $50,000 over MSRP to be one of the first people to own a Cybertruck”
I mean, come on lmao
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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.
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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.
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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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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.
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.
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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
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It’s really impressive to stick the tow hitch to the back with glue?
Well when the entire frame is composite…no.
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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.
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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.
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Admittedly I don’t know how insurance works beyond the 10k ft view of “exploiting people for profit” and I’ve never totaled a vehicle
Well, out of the three replies I’ve recieved in different conversations this morning you’re the first to admit that you aren’t a turbo super genius(and boy, were others obviously wrong about the topic) so despite not knowing stuff you’re still coming out way far ahead haha
