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I owe 15K on it so I would be happy if they came in at 17K but I am not holding my breath..
i am surprised you actually got a letter. we just got a call and i specifically asked if we would get anything in writing or any docs ahead of time and she said no. we would just get the check when we sign over the title in a couple weeks at an appointment with the regional person. someone will be contacting you! ha ha
well we look at it as we get half what we paid for half the life.....................
far as I' m concered F- Toyota!
ISG's first offer letter on 6/13/08 was $1200 light. After several calls/discussions with different "customer service advisors" we received the second (correct) offer letter on 6/20/08. We accepted their offer at full 1.5 Kelly bluebook retail value.
We dropped off the loaner car and picked up the check on 7/3/08 at the local Toyota dealer, took about 15 minutes to sign over the title and other paperwork. Overall pretty painless experience......however we won't be buying a new Toyota!
A vehicle with over 150,000 has given excellent service and it is a miracle that Toyota is giving over $14,000 for those vehicles. I understand the engines will last much longer, it is the body that usually deteriorates long before the engine.
Sure Toyota made a mistake and they are attempting to correct it.
Just try to trade in any truck in this atmosphere of high gasoline prices and you guys will find out you are making out like bandits.
kcram - Pickups Host
I am getting angrier by the day at the way Toyota is calling all the shots and making $lemonade$ out of other peoples misfortune of buying their defective product. My experience with this situation so far is one of the Toyota people bullying me around. What can I do? I have to sell back to them for whatever they offer since these trucks are branded and worthless after this fiasco is over. We are getting lower value price due to the book value they choose, how they use it and what they allow in or out. It’s a bad time to buy a truck due to the old gas guzzling designs and the dealer’s lack of incentive to deal like when I bought my truck in 1997. Sales taxes, higher insurance (with starting over with a new vehicle) are a couple of issues that are no gift from Toyota. Toyota is going to get at least $500 for scrap value for these trucks, then keep their factories running to replace the scrapped trucks with more gas unfriendly trucks that they lure you into with $1000 off MSRP. Bottom line Toyota wins I/we lose..
This has not all played out with me and my truck, but I certainly did not need this crappy situation Toyota has put me into right now.
Verefi on the Kelly Blue Book, on line, what your truck is worth, make sure Toyota gives you 1.5 times that number and go buy a non Toyota product.
New payment suxs though.
A) you likely won't find another 98 Tacoma that the buyback cash would cover
you won't trust another Tacoma of that vintage
C) you aren't likely to buy another brand truck of that age and mileage because you won't know its history
So that leaves you in the position of spending money on a new/newer vehicle that this buyback won't necessarily cover. Now you're making payments again (and seeing higher insurance premiums) when that 98 Tacoma was costing you very little to own.
kcram - Pickups Host
BTW: I am the owner of a 2001 Tacoma that was taken off the street by my dealer just last week, due to hole in the frame you can put your hand through. Vehicle only has 38,000 miles, and from what I read here, I probably WON'T be getting 1.5x value like '95-'00 owners with 6-digit odometers.
But even if I receive only 1.0x retail value (not including $1,000 new vehicle credit many in this forum are getting), it's still more than I could have ever sold it for privately or received in trade. Also, its condition was not 'Excellent.'
I went ahead a bought new '08 Access Cab 4x4, even though my case hasn't been settled yet. I'm betting that being an agreeable, loyal customer will serve me better than being complaintive and angry. Picked up the truck this morning. New Tacoma is like a Lexus compared to the '01. Love it.
2000 Tacoma TRD extended cab 100k mi, excellent shape, dealer serviced;
offer: $15.9k + 1k incentive to buy another Toyota
As to the disscussion on how may trucks are failing inspection. Some dealer's must be grading harder than others. Our Canton Ohio dealer is flunking every one that comes in as far as I can tell then selling most all of them a new vehical..
Looks like the dealer can come down 5.5% from the window sticker, before the $1000 Toyota Corporation rebate. The dealer has about 9.2% to play with inbetween MSRP and invoice baced on th enumbers from Edmunds.
Now I see that 2008 Tacos are hard to find...... the 2009 are 5.1% MORE $$.
Who has bought an 2009 Extended cab AUTOMATIC SR5 with just the Option #2 package? What did you pay?
Also, '08's with rebate seem to be disappearing quickly, due to plenty of frame issue buyers and the big price increase of '09's-- which are already on dealer lots with nothing new except some color changes. There were only a handful of '08's left of the color and model I wanted in Central Atlantic region.
The ISG people, handleing the buy back, use the kelly blue book like a bible. You can reject their offer, wait for toyota corporate to call you and try to reason with them. I was told by toyota, that the manufacture added options not listed on KBB, I just have to eat and not get any credit for.
I have been getting some real hard [non-permissible content removed] talk from the local dealer and toyota corporate that I WILL sign off (take all liabillity off Toyota) on my truck if I keep the truck. If I don't are they going to send some one to my house to rough me up? Between toyota corporate and the local rep, I have been lied to so much my head is spinning.
kcram - Pickups/Wagons Host