What kinda car
What year.
Miles.
Maybe they low balled you??
Car dept happens. If your young . It will go away

Age.
Income.per year. How far you behind. What's your present credit score. If its horrible????

 

What kinda car
What year.
Miles.
Maybe they low balled you??
Car dept happens. If your young . It will go away

Age.
Income.per year. How far you behind. What's your present credit score. If its horrible????

Honda CRV

2016

179k

Uber and my personal insurance totaled it out at the same


61 years old - no retirement (lost a business- never recovered)

Gross - average 50-60K

Score 690, but 102% of credit used

 

File bankruptcy.

Your just another Uber victim like many, many more before you.

At least you weren't hurt, I'm disabled for life because of Uber.

Uber is evil incarnate.

 

I'm very sorry for your situation.

I can't file bankruptcy

 

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?

 

They gave me 9.7K for FMV. Ironically, I had an accident in 2022 - hit a patch of black ice and totaled my car (not driving Uber, car was too old for Gap, so I made sure to secure on the 2016 - ). I rolled about 6K over (loved my credit union), but I had "gap" insurance (from the credit union), so it was supposed to be paid off.

 

....Minutes before I came through...

Don't you mean seconds? I think that was a typo.

You tried to stop but it was already too late right?

Did you accept a trip or had a pax arse warming the seat? Then your covered by Ubers commercial insurance policy.

If you were online but no active trip then just on their standard policy, but still it should cover the totaled car minus the deductible.

Get one of those accident lawyers. Your neck hurts right? Did you go to the hospital after totalling your car and why the heck not? Harder to prove after the fact but still possible. Often adrenaline rush numbs all sorts of pain and it comes back later.

 

- seconds to a few minutes, max

I was on a trip. Uber only gave me FMV. less than the 2.5K deductible, leaving me 9K, which my gap should have covered, but won't because it happened during an Uber trip, pax in the car.

I do have an attorney (medical) - and use there is neck and back pain

 

I would bet 90% of the late model ubers are under water. Most banks wont lead money ubers cars 1 year on a 5 year loan 60,000 miles.

 

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.

 

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.

 

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?

 

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.

 

Thank you for the ideas, there are reasons Uber was a fit, I could not do any of those mentioned.

 

That's the problem with Uber/Lyft, without the proper personal insurance coverage with rideshare endorsement, the rapid depreciation of the vehicle using it for commercial purposes will cause huge loan debt if an accident occurs.

So either one buys their vehicles in cash (one year old under factory warranty best) as to not be in debt in case of an accident or notifies their loan company they plan to rideshare so they can adjust the loan accordingly. Many won't even give you a new loan if you rideshare because it simply isn't sustainable and that's by design.

Welcome to ScreUber as we like to call it.

 

I'm trying to file an E&O against the agent who sold me the insurance. I was supposed to receive "commercial" coverage and it would have included the gap

 

Honda CRV

2016

179k

Uber and my personal insurance totaled it out at the same


61 years old - no retirement (lost a business- never recovered)

Gross - average 50-60K

Score 690, but 102% of credit used

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.

Some facts (as I understand them)
There are cars on Carvana priced under $10000
You can start Social Security at 62
You can drive more hours each week
you have $9000

What I would do

1) contact the folks that you owe the old car payment to and let them know you cant pay them now
2) With your $9000, buy an old car with at least 3 years to go before it ages out of Uber or do an Uber lease
3) double the hours you drive

 

Some facts (as I understand them)
There are cars on Carvana priced under $10000
You can start Social Security at 62
You can drive more hours each week
you have $9000

What I would do

1) contact the folks that you owe the old car payment to and let them know you cant pay them now
2) With your $9000, buy an old car with at least 3 years to go before it ages out of Uber or do an Uber lease
3) double the hours you drive

You're confused..

He got no check and is $9,000 IN THE HOLE and has to make payments on that debt.

 

If you thought you were getting Gap insurance that covered you when ridesharing then the E&o claim might save your ass. Not completely but $2,500 is massively better from $9,000.

IF you can get everything but the $2,500 covered, you might be able to negotiate with the bank for a longer loan term for the deductible with lower payments as an unsecured personal loan. Or get a personal loan to pay off the old car loan. The car loan won't be secured anyway so they aren't at any risk extending out the loan with different terms.

 

I'm going after E&O with expectations of being made whole, pay off 9k, all expenses above what my payment a month would - Uber rental costing me 1-1.4k more a month. I want that back plus all the Uber fees paid to and from trying to get a Uber rental.

 

I wish I had some good advice for you but the problem is that you were living on borrowed time by using a regular loan to finance a newish car. You were killing it's value way faster than you were paying it off.

I hope you are able to reach a settlement with the agent over the type of insurance but keep in mind that it will take you a minimum of 2 years to ever see anything from that assuming you prevail. Things only stay on your credit report for 7 years, not saying you should default on the loan but it's a reasonable option. At this point your best option if you have to keep driving might be a buy here pay here place, as bad as they are they will still be cheaper than avis or hertz.

 

I wish I had some good advice for you but the problem is that you were living on borrowed time by using a regular loan to finance a newish car. You were killing it's value way faster than you were paying it off.

I hope you are able to reach a settlement with the agent over the type of insurance but keep in mind that it will take you a minimum of 2 years to ever see anything from that assuming you prevail. Things only stay on your credit report for 7 years, not saying you should default on the loan but it's a reasonable option. At this point your best option if you have to keep driving might be a buy here pay here place, as bad as they are they will still be cheaper than avis or hertz.

I'm still in shock, been off for 4 weeks. I'm still trying to figure out what's going on, make some decisions

 

if you totalled your car in your accident, that implies that you didn't just hit debris, but one of the stationary crashed cars. So, Uber is probably right that it was your fault (one should always be able to stop in the distance that one can see to be clear, especially at night).

But that point is moot, given that Uber should be paying fair market value, and the value of a vehicle isn't affected by who is at fault in an accident.

A solution to this could be to buy a $3 - $4 car for U/L. They do exist, just may take a while to find. If you don't have that amount, then you could rent a car from Hertz or Avis and just work a shit-ton of hours due to the low take-home pay after deducting their sky-high weekly fees. Slowly but surely build up the money for a replacement car and then buy it.

With Hertz/Avis in California, though, you'll be making $10-$12 per hour after their fees. It would be better to get a $20/hour job in any fast food restaurant - you'd build up your money for a replacement car quicker.

When you do buy a replacement car, don't spend much on it. You want an older car that is already depreciated. I would not pay any more that $5k to $6k, absolute tops.

 

if you totalled your car in your accident, that implies that you didn't just hit debris, but one of the stationary crashed cars. So, Uber is probably right that it was your fault (one should always be able to stop in the distance that one can see to be clear, especially at night).

But that point is moot, given that Uber should be paying fair market value, and the value of a vehicle isn't affected by who is at fault in an accident.

A solution to this could be to buy a $3 - $4 car for U/L. They do exist, just may take a while to find. If you don't have that amount, then you could rent a car from Hertz or Avis and just work a shit-ton of hours due to the low take-home pay after deducting their sky-high weekly fees. Slowly but surely build up the money for a replacement car and then buy it.

With Hertz/Avis in California, though, you'll be making $10-$12 per hour after their fees. It would be better to get a $20/hour job in any fast food restaurant - you'd build up your money for a replacement car quicker.

When you do buy a replacement car, don't spend much on it. You want an older car that is already depreciated. I would not pay any more that $5k to $6k, absolute tops.

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

 

Not sure what market you’re in but here in the great state of Nevada Rideshare vehicles can be up to 16 years old. Like a few have said, I would get on Craigslist or FB Marketplace and start looking for the absolute cheapest vehicle that meets Uber/Lyft’s requirements in your market. I’m sure you can find a 2010/11 minivan or sedan for around $3K. Even if you have to go out of state to find one, it might be your best bet. Just make sure to take it to Jiffy Lube and make sure it’ll pass inspection before you hand over any cash.

If you haven’t already, I’d also start looking into any businesses in your area that pay spiffs for bringing in customers. It’s common practice in Las Vegas for businesses such as strip clubs and marijuana dispensaries to pay $15 or $20 a head for bringing in new clients. If that’s an option go in during off hours and ask to speak to a manager, you might be pleasantly surprised.

 

Just make sure to take it to Jiffy Lube and make sure it’ll pass inspection before you hand over any cash.

Or find a shop that will just sign the inspection form without looking at the vehicle. I know a guy in San Francisco at an independent shop that does it for $25 cash - total bargain!

 

If your totally screwed at a 690 credit score. Go get a newer loan to earn cash if you have no choice. Take a hit on the credit report. Make a deal on repayment
Age plays and important factor in all of this.

 

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

 

Look into companies like MoveDocs. They provide medical funding while you are healing. They will pay for your medical treatments and testing.

 

Play the lotto because thats better than relying on Uber to take care of you. Good luck going forward.

 

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.

 

If your deductible on your primary insurance policy is lower than Ubers you should be able to get them to pay the difference. I had an accident where Uber (Progressive Insurance) had a $2500 deductible. My personal insurance had a $500 deductible. My carrier was excess coverage and paid me the difference between both deductibles, or $2000.

 

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?

 

...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

 

been there. you’re not totally screwed. 1) buy a car now immediately, used one, a Toyota as cheap as possible, that’s still capable of Uber and Lyft. Before your credit take a hit. Let your insurance know you’re driving for ride share. continue to drive. If you get denied, Lyft and Uber has rental program, and you can do rentals on turo to rent a car. 2) work it out with the lending company to pay off that remaining $9000, or let it go to collections. There’s a chance the collections will just default it for car loans, or work it out with collections to pay monthly payments. 3) ignore medical bills if you can’t pay it. It will go to collections as well and take a hit on your credit, but it won’t affect your ability to buy a house but to be honest at your age your credit isn’t going to affect if you can buy a house or not 4) you should be old enough to collect social security if you’ve paid social security tax for at least 10 years in your life. To be honest having a bad credit at your age might not going to affect much, not like you’re going to take out a new house loan or credit card.

 

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.

 

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.

 

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.

 

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.