Guy is $95k Underwater in Cyber Truck Loan after Accident and Upset Insurance wont Cover the Gap!
ฝัง
- เผยแพร่เมื่อ 5 ก.พ. 2025
- Iceland Trip Giveaway
adventuredrive...
Reddit post
/ 100k_underwater
My Companies
www.adventured...
Merchandise store
www.superspeed...
Luggage Company
www.flipsidelu...
Exotic Car Rentals
www.gothamdrea...
www.metrodream...
Soil Screener Rentals
www.superscree...
Amazon store with products I use.
www.amazon.com...
I will never ask anyone to contact me via any method other than email in the comments. ANY TELEGRAM OR SIMILAR COMMENTS ARE SPAM.
The reddit post is fake. If you do a reverse image search you can find the pic on other websites. A Toyota Corolla did the damage in the pic. Not a scooter. The Reddit poster just wanted to troll cyber truck owners.
This. It’s trolling. Your comment needs more attention!
Thanks. I knew I should have checked the comments before listening to Rob.
Not surprised, Reddit is propaganda machine
It has to be, because a scooter can't do that damage. EBike maybe ... Corolla just sounds more like it though.
Ouch... reddit got him to make a video over a troll lol
Not purchasing GAP insurance AFTER already paying 50k+ over MSRP is insane.
Or get agreed value insurance
Gap wont cover this, there’s limits to gap
About to comment the exact same thing.
Gap shouldn't cover over paying lol😂
I’m surprised the finance company would let them do it as well. I’m surprised they didn’t require gap.
There is ZERO chance an E-Scooter did that. He absolutely binned it. Maybe there was a scooter somewhat involved. But that damage wasn't from it directly
It looks like he hit the concrete barrier on the freeway
ive seen normal moped sized things that are electric. maybe it was one of those.
maybe the hulk was riding an electric scooter?
People also paid double for the Bronco when it first came out.
$130K for a Ford Bronco
Paying any amount over MSRP is absolutely ludicrous unless money grows on trees for you
I water and fertilize and talk to my money tree that piece of shit won’t even kick a nickel out….
Where’s my Cyber Truck ?
Even if money grew on trees for me I Still wouldn't pay over MSRP
Not necessarily true. If you have just enough money to buy it, and are quite confident there will be a rush on it and it will then resell for a premium (which happens quite often), it might be a smart fiscal move.
lmao if you pay over MSRP the dealer just gets more money. Never every pay what they want
Whenever I see a Cyber Truck I just assume the owner is about this dumb.
You would be correct .....every time.
😂😂😂😂😂😂
NO WAY an electric scooter did that damage! 😂😂😂
I could perhaps see a "moped" causing that damage, but an e-scooter's handlebars alone would prevent a sideswipe type of contact.
It could if there was a person on it, and the truck was going like 100mph
@@Furious321 it was be a BAD day for any moped that caused that damage lol
@@mikeworkman3593 there would be a lot more red on that truck
There can't be much left of the rider.
I work as a tow truck driver. I've responded to thousands of car accidents, dealt with insurance companies, know every body and repair shop for a 100 miles.
None of this story makes sense lol. Totalled? From an scooter? Lol. No. Just no.
There is no way a scooter caused that much damage to anything that isn't a supercar.
Totalled = Not financially feasible to repair...Cybertruck being as strangely assembled as it is and being an EV with a battery that costs as much to replace as a whole new car, it may be possible to total it out from something seemingly insignificant
@ShadowStarPSN there's zero chance a scooter did that much damage to a cybertruck man. We've seen them crashed already into other cars at good speed. This looks as bad as that.
This looks like he hit a concrete barrier or something. I'm just doubting the scooter, not that its totalled.
I've been to a few dozen EV accidents at this point, never seen a battery pack damaged. They are ridiculously tough little structures. Happens out there, but it's as rare as getting into an accident and your engine block cracking in half. I've only ever seen that once.
Normally after the EV accident the car is totalled, as are most cars after a serious accident these days, but the pack is taken out by a scrap yard and sold as parts. Very valuable.
Look, I have no sympathy for people who are paying for armour trimming as an adult
bullet proof, but not e-scooter proof
It's not bullet proof.
It’s subsonic .22 proof but it’s not stupidity proof.
every one who got a cybertruck deserves to learn this lesson
This is why we’re going to have a a 2008 like financial collapse at some point very soon.
So many people are BURIED in “assets” with unfathomable amounts of debt and interest.
95k in the red is nothing compared to the state of our current housing market.
I smell failed insurance fraud 😂
What's that saying? 'There is a sucker born every day'? MUST have been one hell of a kind of "E Bike".....my ass
Crazy to have cyber truck money, $50k over sticker, and you DON'T have gap insurance?? 😂😂😂😂
How do you get financing without it?
@tedsmart5539 they'll finance without it cuz you're only screwing yourself because all cars being sold would need it for the depreciation
Ehh I don't think gap would cover over sticker
@@ashishpatel350 if they don't, it still would of covered MSRP and he wouldn't be that much underwater
gap usually limits itself to no more than 25% above msrp. As most banks won’t loan above that amount.
Isn’t gap coverage usually capped at 150% of the vehicle value? So ~$115k would have been their cap. So he would still be like $65k under water.
Mind the gap.
Caress the gap 😂
I can't believe anyone thought that these things were going to be exclusive. All the pre-orders evaporated as soon as it was revealed is was no where near the price or performance advertised.
elon musk is a new world order experiment into pushing the limits of human stupidity
If the bank was DUMB enough to finance that amount I hope the guy is DUMB enough to not pay
That's always an option. His credit will eventually recover.
I have always said Banks should never loan more than the MSRP. Anything more should be paid in cash by the buyer.
They were supposed to be $39,000 out the door.
Elon promised Full Self Driving in 2016…
There's no way a bank financed it for almost $200k and no way a scooter did that damage.
2:15 Yup... was planning to get the new Z at 30k and the dealers here decided to jack the price to 90k. Nissan literally didn't care. Meh.
He reliesed he paid too $$ . What else he can do is crash it.
It's a pick up truck that looks like a fridge. Who on earth is paying over book for it? How do you even get a loan for 2 x the value of the car?
Another option is “substitution of collateral” .The bank just has your promise to pay and a title in their file, you take the insurance money and buy another Cybertruck in full and the bank gets the title to that one in their file and you just keep paying like you always planned to do. The bank would rather not lose the loan but not not all lenders will do substitution of collateral. If you haven’t been a ideal customer they may want to kick you to the curb but then they will have a unsecured balance of your loan on the books after the insurance carrier pays what they will and they don’t want that either. I’ve done a substitution of collateral and myself but wasn’t under water on the loan.
The majority of customers that came through my office upside down and didn’t purchase GAP was very small. I can only remember a few. Once you explain their financial situation and the ramifications of a total loss the customers understand and change their mind. I’ve only seen one instance of a bank allowing a customer to continue making payments on a total loss with a remaining balance. The customer had 3 remaining payments and never missed a payment and made a concession for the customer. The customer didn’t have the $$$ for the remaining balance and money for a down payment.
Ive always said Tesla owners are different kind of special. 😒 This just proves it more.
50, 000 in fees = ZERO sympathy according to my calculator.
Would an insurance company even give gap insurance to a guy that has a massive loan on a vehicle that’s worth half market value?
If you can get a $200k loan for a car you can afford to be underwater. I'd be screwed if I was in this position, but no one is giving me a loan for $200k for a depreciating object.
I spent $25k on a truck six years ago and that made me nervous, people are freaking insane. Still driving it today and recently paid off.
Is this story even a story? If he uses the $77K from insurance to buy another truck, isn’t he in the same exact situation that he was in before the accident? 1 cyber truck and $171K in debt? In other words, the problem here is not the accident nor the insurance. The problem is the premium paid.
not that i'm ever planning on buying a new anything vehicle, but if I do I'll be getting GAP insurance on it. Wife totaled a 2 year old car (her fault. rear-ended a school bus. engine fire. fire dept did it in the rest of the way), and thank god by the time the insurance was done with their process we were almost exactly 1 car payment "under water".
Some people are loaded and spend $100k like I spend $10k, honestly it’s just a story of a guy buying an expensive car, it has happened many times before the cybertruck…
usually banks wont loan past 130% msrp, no idea why a bank would write that loan.
All the damage at bumper height and way more force involved than a scooter could ever inflict. There isn't an assessor on the planet who would pay out on that.
I'm getting an Lehto vibe here Rob. You scooped him. I hope he gets wind of it and gives his take. Unless he already has his up and I missed. Keep it up. Good content.
I feel bad for that yellow car that's been sitting for years
Pride is expensive, y'all. Stay humble and you'll always be ok.
Rob, Random question but are you wearing a Panerai? I would love to see a video on your watch collection! Thanks man. Keep up the great work🙌🏻
The guy that gets ripped off constantly is judging a person that got ripped off. - Brilliant
Rob loves drama... If drama doesn't find him or one of his businesses, then he goes looking for it 😂😂
He was inspired by the Bugatti that was driven into the water.
If you pay 50 K over the value of the car, the insurance company shouldn’t cover that unless it’s written into the policy
These are the types of vehicles that you LEASE not finance, these EV's have some nasty depreciation. I have a new Hummer Ev that's $120k msrp which I'm leasing, not a chance in hell I'd ever finance something like this. Hope the dude learned a hard lesson but I doubt it.
If this story wasn't so stupid it would be to stupid to even tell !!!
There is so much scamming going on with this guy which is appropriate considering it's someone that would buy a Cybertruck. LOL
Looks like a whisky dent that's going to catch a insurance fraud charge.
😂😂😂😂😂😂😂 insurance fraud WITHOUT GAP. 🤣🤣🤣🤣🤣🤣
Who in the world would buy a Cybertruck anyways. Not smart. Happy New Year, Rob. I saw ya at the New York International Auto Show once.. I *think* 2014. I had the full Camaro emblem shirt on... 👕
I swear the car market these days is a competition to see which idiot can pay the most money for a depreciating asset. 🤣
He’s still less upside down on the cyber truck then the spaghetti luggage company
Rob falling for an obvious troll is hilarious
I don't care what hit it. I'm just rolling on the floor that someone was dumb enough to buy that piece of garbage, and pay over sticker.
Dudes first mistake was buying a cyberurinal.
Those silly cyber trucks will be worth about 20k by the end of this year. That bloke George in Jersey i think he is, with a big yard full of them, i am anxious for him.🥴
1 no way a scooter can do that much damage. 2 its amazing that bit of damage totaled out a 100k truck no matter the actual source of damage.......Just insane how bad of a value and purchase a cybertruck is given this info.
Man I hate those E-scooters, I’m rarely the one to be for banning vehicle related things..
But E-scooters, I want them banned in Sweden, like yesterday.
They don’t meet the legal requirements for a bicycle or a moped, landing somewhere in the middle, which SHOULD BE, judging by other legal precedents, it should be considered a faulty moped.. Because if you tune a moped it becomes a motorcycle, a wrongly registered motorcycle.
I saw it....
the
Kool-aid man came out of nowhere
You gotta be insane to buy that thing. Period.
None of it makes sense. No lender is financing $200k with $0 down and no gap insurance.
Totally true. I was the guy on the e scooter. I still have a nasty bruise on my left cheek.
Inspector Gadget has solved the case.
Insurance is just going to give you a check for market value... They gave him a check to go buy a used one with the same miles and options.... And get you squared away....which means exactly the same situation before you were in an accident
Sound fishy, who the heck will give 197k loan on a vehicle and zero down. Interest rate must be higher than Mt Everest.
Come on robbb, you know the bank worker that stamped that as approved was like LOL
There is no way that an e-scooter did that damage without killing the guy riding it
That scooter " must have been going at orbital velocity to cause that much damage.
Where is the coroner report?
Gap is Worth it
Paid my car off and i got to keep it and got a check
Facts. I seen em everyday and they are just like another vehicle now.
Cmon you fell for this post. He was obviously trolling. An e scooter can go full speed head on and it would prob hardly make a dent. The airbags went off dudes trollin
Where are this guys parents? Every mistake you can make, starting with a Tesla.
Paying MSRP is already stupid enough.. buy a 6 months old 1 year old car instead
Scooter didn't damage his Cybertruck 😂😂😂
If it flys, fcks or floats, it’s a depreciating asset.
1:26 198 grand U.S. buys a nice 4 bedroom house in my city in Canada. Could not imagine buying a car for a quarter of that.
You could buy my house for what he still owes on that car.
His car payments were dam near my take home wage.
Nobody who is rich has a car payment. If you have a car payment and you think you are rich you are lying to yourself.
Don’t say you got a good rate and would rather invest the rest instead of tying up your money in a car. Nobody smart or wealthy does that. If you have that much invested you should have enough cash on hand to buy a depreciating asset. Rand over.
Warms my heart that people buying these dumpsters on wheels are getting F'd
Owner was probably drunk, side swiped a parked car
Who doesn't buy gap insurance when ur purchasing a new car?
Plot twist he financed himself at the bank job he works at
Buying 3 meatballs for the price of 10 then asking for a refund when your cat eats one
I definitely wanna get that E scooter with the Grease Lightning wheels.
I get a huge kick out of stories like this. (and it's UGLY to boot)
They make Cybertruck proof escooters now? Where can i get one?
thanks for the good advice, i will now finance a cybertruck
OOF!!! Not only do they have to total anything electric because the batteries COULD be damaged and if they do they explode, which is why the premiums are so high! I hear it all the time from insurance guys. Even with that, I constantly hear people buried in these cars... constantly! It's like Dodge Trucks back in the financial crisis of '08 and suddenly Obama had gas up to $4.25 a gallon, Cash for Clunkers fiasco, and they wanted out and they were $42,000 under water at a minimum! Now with the depreciation on EVs and added discounts because they are over manufactured and under sold you are guaranteed to be buried in the tens of thousands. If you don't get GAP insurance buying an EV you're insane.
I will never understand paying over sticker price for a vehicle? ? ? Wait a few months and it will be under sticker. I don't get it
Tax on stupid people.
How Fast Was The E-Scooter Going? What Happened To The Rider? Did They Vaporize On Contact? Or Walk Away Going “WOW THATS NOT THAT TUFF”? 🧐😦🧐😮
I wish I could find it within myself to feel bad for these people. I've tried, but I just can't. If you are a moron, suffer the consequences.
these tesla owners think they bought an investment becuz "elon is a geniuz"
meanwhile they bought a garbage can...
So from my understanding when you use one of the lenders Tesla offers they don’t outright offer gap a guy I’ve worked with his model y got totaled and wasn’t covered 2 other guys bought them around the same time same lenders no gap sleezy Tesla
Regardless of what your financial situation might be, NEVER GET A TESLA. Free advice there for you.
If this story is true it goes in the bad financial decisions Hall of Fame
From $10K to $110K that's the minimum range of profit return every week I think it's not a bad one for me, now I have enough to pay bills and take care of my family.
That's lovely 🌹 if I may ask, How did you come up with so much biweekly?
It's (Mary Joanne Terry) doing she's changed my life. A BROKER- like her is what you need.
$_700k and yet still counting on Mary Joanne Terry is the kind of person one needs in his or her life to be honest❤️❤️❤️>>>>
Wow 😱Wow 😱 her too
Miss Mary Joanne Terry is a remarkable individual whom has brought immense positivity and inspiration into my life.
Would love to reach out to her
The meatballs were GOOD, but not $95k worth of pasta good!!
I like cereal. I hope my comment has both inspired and encouraged you upon its reading this day.
Clearly we’re all getting scammed for our time… 😂
paying that much over msrp AND financing is insanity