Just some free finance advice. Vehicles are a money sink, they only lose you value. If you aren't comfortable with the concept of losing money, DO NOT buy an expensive vehicle. But the cheapest used car you can with cash on hand. Now, that's not possible for everyone. And it's not practical for everyone, it might be in your best interest to lease a vehicle for a monthly fee. Your lease should be with a reputable car dealer that has some kind of agreement to regularly maintain the car, and to trade it in often for another car without increasing your fees. The goal here is to pay as little as you can, and trade in often so you don't ever reach the point of needing serious repairs to the vehicle. Different situations have different needs, no one size solution works. But I'd HIGHLY discourage taking out a large debt in order to buy a new car. Your losing money you don't have. That's a bad idea. Then again, bankruptcy has few downsides when you are already poor.
Cyberstuck
A place to post your Cybertruck fails! We're here to make fun of this hunk of shit and throw as much shade as we can to that garbage bag of a human elon.
No doxxing No slurs No racism And no fucking nazis!
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.
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.
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.
This is why you also need gap insurance for anything but the cheapest cars. It exists to prevent this situation.
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.
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.
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.
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.
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.
imagine spending 200k on a cybertruck and getting totaled by an escooter this guy is a fucking moron
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.
almost forgot the obligatory reply
Wtf? They paid twice the price of the "value"?
The owner is figuring out what everyone else knew: the swastitruck isn't worth half of the money Melon is asking for it.
Oh noes! You're having difficulty filing an insurance claim for your Swasticar? Woe unto you, the stars weep for your tragedy.
Good