The G Man Posted February 11, 2010 Share Posted February 11, 2010 Kelly's blue book and other automotive guides have drop the resale value of Toyota anywhere from 2.5% to 4.5% in the last two weeks, a US judge will decide whether to consolidate the suits into a single national class-action suit for Toyota owners who believe the recalls have hurt the value of their vehicles: http://bostonherald.com/business/automotiv...p;position=also Quote Link to comment Share on other sites More sharing options...
SW03ES Posted February 11, 2010 Share Posted February 11, 2010 Good luck... Quote Link to comment Share on other sites More sharing options...
Willemh Posted February 11, 2010 Share Posted February 11, 2010 They have to sue Kelly's blue book and other automotive guides. For sure Toyota's are more valuable now. They have good throttles now. Cant say that about other carmakers.... :P Quote Link to comment Share on other sites More sharing options...
nc211 Posted February 11, 2010 Share Posted February 11, 2010 Yeah, good luck! This would be like all of the SUV owners out there two years ago trying to sue the oil companies for the price of gas killing the SUV value..... At the end of the day, the market sets the fair price. The market being you and I. The more educated the market, the more fair the price. If the market wishes to believe all toyotas are worthless now because of this, then that is a dangerously uneducated market place. However, if you're a wise buyer, it's a good time to use this as leverage on a better price, assuming the seller buys into this as well. I used the whole gas prices argument when I bought our V8 4runner, and it worked perfectly. $4 a gallon with the perception of $250/barrell prices coming any minute = leverage for an SUV buyer. when the sheep go left, go right. Quote Link to comment Share on other sites More sharing options...
The G Man Posted February 11, 2010 Author Share Posted February 11, 2010 I must say, this will be a tough law suit to win. Imagine winning a lawsuit because something you bought depricate unexpectly, but then again, I have seen people winning law suits for stupider reasons. Quote Link to comment Share on other sites More sharing options...
The G Man Posted February 22, 2010 Author Share Posted February 22, 2010 I just saw this on the news, Toyota Motor Corp. said today that federal prosecutors have launched a criminal investigation into the company's safety problems. It seems that the deeper the feds dig, the more evidence they are finding. Quote Link to comment Share on other sites More sharing options...
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