A Tesla Cybertruck owner shares his truck was totaled after it was sideswiped by an E-scooter. However, the insurance company is only offering to pay him a “fair market price” of $77K, even though he paid $198K for the truck and still owes the bank $171K.
It is likely a fake story.
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.
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.
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.
And yet, if you look at my comment, I was specifically talking about how the last decade has been marked by people saying “no one could be that dumb” and then watching them all be that dumb and here you are, repeating history. So, job specific experience not required.
And aside from that I know people with decades of career experience who are dumber than rocks and barely squeak by simply because our society is a farce. I’ll say that’s probably not you, but it’s far from impossible.
Plus I just don’t see how a bank would be willing to finance the $50k broker fee. Cars can end up underwater from depreciation, but I’ve never heard of a bank willingly lending more than the purchase price of a new car, to where it’s underwater at the transaction.
Tesla did the financing for a lot of those, and they did finance the crazy delivery fees.
Dumb and wasteful