[ObeyTheNumbers]

My housemate just had his $80,000 lifted F-150 repossessed last night.

The tow truck just hooked up really quick and dragged it off leaving skid marks down the driveway and the streets to follow. Apparently they go quite far, far enough away that they are not afraid of being followed and shot. 😆

He had only $20,000 left to pay on it and ran into some financial difficulties.

 

[RandoM54]

If you don’t work something out with finance company prior to the repossession they’re going to take it and they have the right to do it. You can’t ignore their warnings. It’s business to them and they don’t care about your situation or feelings.

 

[Dalis]

Late night, dark ramp. Minutes before I came through, 2 drunk drivers collided. I ran through the debris field. Totaled my car. Owed 16k, after Uber insurance (and 2.5k deductible taken) of "fair market value ", I am left with 9k because my gap won't cover. Now, credit shot, can't get another car. I drove about 25 hrs a week. Now, still have to make my car payment plus Uber rental. My expenses monthly will increase $1,000 to $1,300 (depends on 4 or 5 week) and I'll have to pick up extra days a week. Been off a month in PT and Uber's trying to blame me, saying I should have seen the debris in the darkness @ 3:15 am.

I'm stressed, in shock, angry, scared, depressed, no idea what to do. I have a lawyer but they're not sure I can even get my medical expenses from the drunk drivers' insurance. For the car I'm only "entitled" to "fair market value ", no matter what. So i'm screwed.

I'm exhausted and no idea what to do, how to get out of this financial mess.

Any suggestions.

I would try to file a claim with the city. There may be a law firm to take it but in CHI we just file a claim. It is due to the negligence of your city.

 

[Dugoutnut]

1) Get a mail route
2) Go work for a pizza joint
3) Substitute teach
4) Get an overnight hotel or other desk job
5) Dust off the six-string you bought at the five and dime and go audition for a local country group
6) Get Habitat for Humanity to build you one of those old pensioner’s houses

I hope this helped.

I guess jerks are going to jerk.

 

[ThrowInTheTowel]

KBB iss $6,500-13,000 depending on vehicle condition and color/options on the car..

X
$9,500 (My Algebra derived value) which happens to be in th middleish.
-$16,000 (owed)
-2,500 (deductible
-9,000

Sorry math is mathing out to me.

You were completely underwater on the loan by a factor of 60% more than the car was worth. How the heck did you owe so much on an 8 year old car?

The used car values were heavily inflated during COVID up to 50%. Dealers like CarMax and Carvana self finance these loans at much a much higher interest rate to consumers with average or below average credit. Many have financed vehicles with a 50% mark-up at a 18% interest rate. You are underwater the minute you sign the contract.

 

[UberBastid]

I'm very sorry to hear about your situation, OP.

To others, make sure you have the right insurance and don't drive a car for U/L unless you own it and it's 100% paid for.

How many times since you started your Uber 'career' have you read stories just like this?
What did you think when you read them?
"Oh, that won't happen to me."

How many people are reading your story right now and saying the same thing?
How many of them will write a similar story some day?

 

[Toocutetofail]

46 people reading this thread and 146 on line.

The ramp was pitched black, virtually no lights. So dark that if it was not in my headlights, it could not have been seen (which it wasn't), and to this day, we still don't know what it was. Whatever it was rolled up under my car, and I went a few hundred feet trying to slow down. The off-ramp is 65 miles per hour . I was slowing down because I knew the ramp and was looking for deer. The issue was the lack of lighting, the drivers were off the road. They were so drunk one was passed out drunk in his car, after it collided. The car was totaled by what ever rolled under it, shredding my undercarriage the only reason you see light is because I'm pointing a flashlight at my fender

Weird. It doesn't even look like a 2016 Honda CR-V.

 

[uber4eva]

Unfortunately you are another sad example of what happens when you drive for ANY gig app,
there was a video I posted on YouTube warning driver on the (gig car insurance) it was nothing but a scam, and they will try not to pay for your car loss,
(even though they have an extreme high deductible)
there are two ways you can get out of your debt,
Número uno, get an hourly full time job and also a second hourly part time job, it is going to be painful but you will get out of that debt within a year,
Too much to handle because of age or anything else? like temporary or permanent injury from accident or previous job? Or other health issues? Then here comes número dos,
Bankruptcy, depending in the state you reside, you can apply for chapter 7 (total discharge of all debts)
Or chapter 13 (a way to consolidate all debts and pay back within 3 to 4 years) as you can read there is light at the end of the tunnel, but you must make a decision now before is too late.

Be thankful to our father in heaven you did not died or end up in permanent disability like many other drivers do,

And let it be this a lesson to all drivers,
Learn from this person unfortunately incident,
STOP DRIVING FOR ANY GIG APP.

This message was helpful to me. God bless you.

 

[shank7256]

I "supposedly" had the right insurance. I'm filing an E&O against the insurance agent, I'm told he gave me the wrong coverage - personal with rideshare instead of a commercial which came with it's own gap insurance.

Didn't the price give away the fact that you were getting sold the wrong type of coverage? Commercial coverage is hugely more expensive then just personal coverage with rideshare add-on...

 

[rsusanto888]

Been giving my recommendation to uber everytime the send a survey:

26% premium in MI of passanger fare is too high:
1. It's 8x personal premium.
2. Insurance will low ball in totaled case due to rideshare cars high milage.

I request Uber n Lyft to work together with state legislators to allocate 50% of the premium to a driver's saving pot that is accessible to the driver in total case so the driver can continue driving. This is like HSA in health insurance.

Join me by repeating the above msg when drivers' inputs are requested.

 

[Smitty in CT]

...2016 CRV ....the car will last 300K easily...

At 260,000 miles, the CVT transmission in my 2015 CRV finally gave out, can't be rebuilt (just replaced), the cheapest replacement (not used from a junkyard) I could find was $6k.
Not worth sinking $6K into it, sold it for $3,500 "as is" with a blown transmission, had to be trailered away

 

[Saba El]

Didn't the price give away the fact that you were getting sold the wrong type of coverage? Commercial coverage is hugely more expensive then just personal coverage with rideshare add-on...

My coverage went from $79 to $380 so I assumed that was commercial

 

[Saba El]

Not advice, I'm curious. Is the CR-V drive able or does it have major under carriage damage? What state are you in?

Too late repairing it anyway since it was totalled. I'm just curious because I can rebuild it for cheap.

has undercarriage damage

 

[Saba El]

Honestly, the damage picture looks not that bad. This is a CRV, they are not complex vehicles and easily repaired, specially the 2016 (I also have 2016), my wife drives one and I have repaired things like this, in my garage, once a year as she drives over curbes, branches/logs and dear carcasses, also out of ditches that she flies into. Swing Arm, Bumper, Fender, A few other things is like $1000 in parts plus your labor, and they are easy to work on. If the car still drives, then you really didn't do that much damage, just bent a few things and yes they should be replaced. The reason the car was totalled was because of the OEM parts the shop would use and the labor for a car that is almost a decade old with almost 200K miles. It will cost close to 75% of the cars value, so the insurance totals the cars. 2016 CRV is probably the best last good car that is simple to repair and maintain. With proper maintance, 5K oil changes, 30K transmission and rear diffrenctial oil changes, or once every 2 years, the car will last 300K easily. and those are $40 maintance items, with 30minutes of crawling under the car, Find it on YouTube. 2016 CRV is a very thought after cars, A local mechanic will buy it from a salvage auctiuon for $1200, will repair it for another $1000 with in a month and will easily sell it for $8K the next day. Post more pictures of the damage. Did the airbags deploy?

Uber & my insurance both as well as the body shop all called it a total loss

 

[Schmanthony]

At 260,000 miles, the CVT transmission in my 2015 CRV finally gave out, can't be rebuilt (just replaced), the cheapest replacement (not used from a junkyard) I could find was $6k.
Not worth sinking $6K into it, sold it for $3,500 "as is" with a blown transmission, had to be trailered away

Are you the original owner? Did you change the trans fluid regularly?

 

[bobby747]

Been giving my recommendation to uber everytime the send a survey:

26% premium in MI of passanger fare is too high:
1. It's 8x personal premium.
2. Insurance will low ball in totaled case due to rideshare cars high milage.

I request Uber n Lyft to work together with state legislators to allocate 50% of the premium to a driver's saving pot that is accessible to the driver in total case so the driver can continue driving. This is like HSA in health insurance.

Join me by repeating the above msg when drivers' inputs are requested.

When pigs fly. They will only work together to get more cash for them. Not drivers.

 

[Smitty in CT]

Are you the original owner? Did you change the trans fluid regularly?

Yes, every 30K... (now Ex-wife) sold cars @ a Honda stealership