Tuesday, March 9, 2010

Toyota Owners Sue Toyota as the Resale Value of Their Cars Drop

AP reports:
Toyota owners suing the company contend their vehicles have dropped in value because of the recalls and that Toyota knew all along about safety problems but concealed them from buyers. They point to evidence such as Kelley Blue Book's decision this month to lower the resale value of recalled Toyotas an average of 3.5 percent, ranging from $300 less for a Corolla to $750 less for a Sequoia.
Like I said, it's a great time to buy a slightly used Toyota.



  1. That's weird, I didn't realize you had a property right in the value other people place on your vehicle.

    Is this some new, cool form of IP I don't know about?

  2. This is the dumbest thing I've ever heard. I hope they lose. With that said, considering there's currently a government engineered Toyota witch-hunt on behalf of GM, I worry that these idiots might not have their case dismissed.

  3. when you invest the two most biggest investments that you put your mony in are your house and that over priced car, the lexus and all other cars. were told that toyota/lexus holds it's value better than any other brand, today my 2008 es350 is worth less than nothing

  4. @Anonymous

    Less than nothing? I'll buy it.