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)

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.

For what it ACTUALLY pays and how long it lasts, it is extremely expensive. Most people it is good for 3-4 months and that’s only if they don’t put ANYTHING down. Trade in a car? Put money down? GAP is useless.

And every month you go without totaling your car it is worth much less.

And if a car/truck depreciates enough driving off the lot for GAP to make sense. You’re paying too much for new and should buy used if you want that particular model.

Maybe I got lucky. But I financed half of a car once, got the GAP insurance, and was hit at a red light.

The car was totaled, but I was also upside down on the loan. I ended up walking away with a profit.

It definitely feels like a risk/reward thing. But Im glad I had it when I needed it. I wouldn’t say it’s necessarily a scam, but I do feel like regular car insurance is.

Good point.

Yes every month I don’t use it. The month I did use it I’ll be pretty happy won’t I.

Yup i used to sell insurance and so few understand even that basic part

So they are among their other problems hard to repair even the body panels

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

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.

to a cybertruck it might as well go 2mps, 2 miles per second.

i think insurances are either not covering it, or they double, triple the cost of preniums.

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

Rage bait? Read like a feel-good story to me.

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.

You “won” the lotto, good for you?

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 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

I read earlier on this page that they paid $50K to get it early. Doesn’t make it any less insane though.