Good point.
this post was submitted on 30 May 2025
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Cyberstuck
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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.
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200k to blow on a car but doesn't have 30 bucks a month for gap insurance
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)
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Holy shit those useless piles of nazi garbage cost 200k???
You bad they didn't get GAP insurance
Gap insurance is a scam in "most" instances. But dropping 100+k driving off the lot... Wait no it's still a scam, he's is just a fucking idiot for buying it in the first place ..
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.
Every insurance is a scam right up until you need it. Gap is cheap as hell and if you can't budget for it you should have the cash in hand to replace your vehicle.
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.
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Imagine being destroyed by a fucking scooter lol
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.
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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.
And you have a salvage title which has lost most of its resale value and is harder to insure
I don't have a salvage title and I wont have one. Ownership was not transferred to them. Title is still in my name with no changes. I know how a salvage title works. Spent a huge part of my life directly involved in the car business including salvage related vehicles. I refused to let them total it. That is allowed. Like I said, it was dented fender. I'm never going to sell it while its running. Its old enough I can keep it running forever with no proprietary tools. I had just put a import motor in it a few months before. Even with their pathetic salvage offer in the settlement it was less than a third of what the car goes for at any car lot.
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TL;DR: man does not understand how Insurance works; that vehicles are depreciating assets.
What kind of fucking idiot does not understand that a vehicle is a depreciating asset!?
Yeah, the minute you buy a vehicle for $200,000 and you drive it off the lot, it is now worth $135,000.
Furthermore, insurance does not give you back "what you paid" you get "replacement value". So if you were stupid enough to pay $200,000 and it's depreciated to $70,000, that's what you get, because that's what it cost to replace your stupid toy.
Why is this even an article
This is like ragebait mixed with an ad for gap insurance
But it's schadenfreude nonetheless
Why is this even an article
Rage bait. It got you to interact with it
It got me to comment on lemmy, I'm not dumb enough to give them my eyes.
The headline alone is revelatory that it's ignorant and designed to make people stupider while cashing in on negative feelings towards that facist guy.
It's the same thing on the space community. Everyday there's multiple posts about how water is found in space like okay we already fucking know that. But it constantly appeals to uninformed people that want to fantasize about aliens.
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Because the level of depreciation of the Cybertruck is unusally high compared to other cars.
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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.
It's weird that sane people don't do these awesome things.
WTF?
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.
Oh no! Anyways.
Breaks out world's tiniest violin...
Gap insurance anyone?
You don’t need GAP insurance if you just buy a vehicle you can afford in the first place.
I like the moneyguy 20/3/8 rule. 20% down in cash, no more than 3 years on the loan, no more than 8% of gross monthly income as your monthly payment.
Sure, and you don't need homeowner's insurance if you don't buy a house.
Why would you pay for insurance that specifically covers the difference of depreciation if you’re never under water on the vehicle?
This piece of shit costs $200k???
No, he paid $200,000 for that piece of shit. Right now a new one should be about $70k, which is still $70k for a turd floating in a punch bowl, but is also $130,000 less than what he paid.
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