The difference is not the cost in damage. That’s just how much cyber trucks depreciate in value. $77k is the value of a used Cybertruck on the market that is as old as his damaged truck. Insurance never pays out the new car retail value, they pay out market value of the car that’s the same age.

Wtf? They paid twice the price of the “value”?

Cars depreciate hella quick when you drive off the lot.

Yeah but even if it halved immediately, it should’ve gone from 100k to 50k. What this is saying, is this mfer paid twice the MSRP for a god damned cyber truck.

Edit: and this is good news. Fuck that guy and everyone like him.

Did they not get Gap insurance for their loan?

Wtf? They paid twice the price of the “value”?

There’s a point where the cheapest used car can end up costing more than a slightly more expensive one. While I agree with your advice generally, I’d instead recommend buying the most reliable used vehicle you can afford.

Wtf? They paid twice the price of the “value”?

Right? I didn’t say anything contradicting this. They total your vehicle when the cost to repair the damage is greater than or equal to the fair market value. If the damage was $50k, the insurance company would pay to repair it instead of replacing it. Because they are giving him the FMV, the damage is more than $77k.

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.

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.

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.

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…

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

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?