Or you just don’t spend 200K on a cybertruck if you don’t have that kind of money. What is a cybertruck going to do for you that a 10K second hand truck can’t? Even if your second hand 10K truck burns down after a year, you can still buy a new one every year for 20 years for 200K.

77k + 171k = 198k. This guy should not own anything.

It is likely a fake story.

1. The E-Scooter would have needed to hit that Cybertruck at like MACH 3 to do enough damage to warrant a total loss.
2. He can refuse the total loss and demand they do repairs … yes, that is an option.
3. 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.
4. 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.

I think he owes 171 on a 198 loan, the insurance scumbags offered him 77, leaving him with 94

On the face of it, this might seem like a grave injustice committed by the insurance company; however, sadly, looking at the current Cybertruck secondary market, $77,000 is about the fair market value for a similarly spec’d Cybertruck.

I don’t see what the problem is then? Like you take the 77k, buy an identical used truck and are back at where you were before the accident which is the whole point of insurance…

What’s the problem? He got $77k because that’s what’ll cost him to buy a used Cybertruck, which will put him back to where he was before the accident. The financial loss he’s taken already happened way before the accident.

Gap insurance exists for a reason ig

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.

Like others have said, $77k gets him into a used Cybertruck equivalent to what he had before. Insurance is systemically bad for so many reasons but it absolutely makes sense if it weren’t so morally corrupt and this is the part that makes sense. If I crashed my 2015 BRZ today I wouldn’t expect the full $25k I paid for it in 2018(although with the way used prices have been, I might actually get close to that, but that does not disagree with my point).

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

That is almost as much as my house which will actually gain value over time rather than lose it immediately

I don’t think a $10K secondhand pickup truck exists anymore.-- At least not one with a working engine.

Wut? My current tow vehicle was $3800, and I’m currently shopping for another pickup at <$2000. Cheap trucks still exist. People are getting too picky about how new it needs to be. Or they don’t want to turn wrenches.

Give the E-Scooter rider a medal. Four more and the person is an Ace.

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”

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”

“…”

“”

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.

Fake fucking news. Why is everyone latching on to this like it was real?

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.

It’s really impressive to stick the tow hitch to the back with glue?