When I read this article, I had to groan at this guy's irritatingly flawed logic.
www.torquenews.com
1. It's a known fact that when you buy a new car, it starts losing money.
2. It looks like this guy got caught up in all the artificial suspense and hype that was the Elon Musk / Tesla run up to actual availability of the Cyber "truck." Paying $100K or whatever was fine, so long as it looked like the concept of new car depreciation had been suspended for this particular vehicle. When these first became available, there were greater fools who were willing to pay more than new car asking price from early buyers. Now that this dynamic has gone away, this disenchanted buyer is trying to figure out how to not "lose" $30K on his purchase.
3. Okay, I will ask rhetorical questions here. He must've liked the car when he bought it, right? (Maybe it was that he liked the idea of making a killing on resale). So now that he's sunk $100K into this thing, why doesn't he like it anymore? (Maybe because he can't make the fast profit that he thought he could as others before him had). So now he doesn't like the car because it has depreciated like any other new car? Or because now he actually has to pay for what he signed up for?
4. Now the guy is suggesting a voluntary repo to get out from under the debt. Which will have credit rating ramifications. But if he'd bought a Ford F series or a Chevy Silverado, wouldn't he have the same situation with a form of negative equity? Meaning, he'd still own a ton and the value of the vehicle would've gone down from it's new vehicle price. How is this situation to be viewed differently because it's a Cybertruck??
5. The whole Cybertruck marketing and execution thing has been bogus. Elon Musk put on the same hype-driven circus monkey show that he's used for all of his enterprises. He dangled an entry level price of $40K, then used delays in production to tease and torture the impressionable and make their scrotums tingle with want for his vehicle. So when the vehicles actually became available, the wave of desire (and high price) hit hard, for a while. Until it faded away. When the bandwagon starts to roll downhill, you don't want to be one of the last guys to jump on. By then, the show is already over.
6. All along, I've thought that the price of new Tesla products (of all kinds) seemed high. I've thought that some amount of the profit per unit was above and beyond normal industry mark-up. Due to the hype and showmanship angle of Musk. Because of his mystical promotion, he has been able to wring extraordinary profits from each one sold. Lately, we've been seeing price cuts. Reality may be catching up. There is only so much market for any kind of product.
What a state of affairs.

Should I Sell My Tesla Cybertruck & Lose $30,000 in 6 Months or Just Let It Get Repo’d & Ruin My Credit Score?
A Cybertruck owner in financial distress says he’s trying to decide whether to sell his Cybertruck and lose $30,000 in six months or let it be repossessed and get out of the remaining $93,000 loan.

1. It's a known fact that when you buy a new car, it starts losing money.
2. It looks like this guy got caught up in all the artificial suspense and hype that was the Elon Musk / Tesla run up to actual availability of the Cyber "truck." Paying $100K or whatever was fine, so long as it looked like the concept of new car depreciation had been suspended for this particular vehicle. When these first became available, there were greater fools who were willing to pay more than new car asking price from early buyers. Now that this dynamic has gone away, this disenchanted buyer is trying to figure out how to not "lose" $30K on his purchase.
3. Okay, I will ask rhetorical questions here. He must've liked the car when he bought it, right? (Maybe it was that he liked the idea of making a killing on resale). So now that he's sunk $100K into this thing, why doesn't he like it anymore? (Maybe because he can't make the fast profit that he thought he could as others before him had). So now he doesn't like the car because it has depreciated like any other new car? Or because now he actually has to pay for what he signed up for?
4. Now the guy is suggesting a voluntary repo to get out from under the debt. Which will have credit rating ramifications. But if he'd bought a Ford F series or a Chevy Silverado, wouldn't he have the same situation with a form of negative equity? Meaning, he'd still own a ton and the value of the vehicle would've gone down from it's new vehicle price. How is this situation to be viewed differently because it's a Cybertruck??
5. The whole Cybertruck marketing and execution thing has been bogus. Elon Musk put on the same hype-driven circus monkey show that he's used for all of his enterprises. He dangled an entry level price of $40K, then used delays in production to tease and torture the impressionable and make their scrotums tingle with want for his vehicle. So when the vehicles actually became available, the wave of desire (and high price) hit hard, for a while. Until it faded away. When the bandwagon starts to roll downhill, you don't want to be one of the last guys to jump on. By then, the show is already over.
6. All along, I've thought that the price of new Tesla products (of all kinds) seemed high. I've thought that some amount of the profit per unit was above and beyond normal industry mark-up. Due to the hype and showmanship angle of Musk. Because of his mystical promotion, he has been able to wring extraordinary profits from each one sold. Lately, we've been seeing price cuts. Reality may be catching up. There is only so much market for any kind of product.
What a state of affairs.