Success?!

Sad news to report....my truck failed the inspection at Toyota of Newport.
Should be receiving a $16,500.00 check from Toyota any day now. Question is - should I buy a used Taco or new?

I'm only 17 and I already have an $8,000 loan for the previous truck from my parents. Right now, I think that I will be able to put the full refund check $16,500 towards a different (used/new) Taco.

HELP......Any Suggestions????

-jake

 

Need more info.... Why did your truck fail inspection? Why are you getting a $16,500 check from toyota?

I've noticed you have a 2000 Tacoma...but I can't understand why it would fail an inspection. It's only 8 years old.

Give us some more info.....

 

You'll never go wrong buying new. You can never tell if your getting somebody else's headaches when you buy used. But with that being said alot of people buy used. You just gotta find the good deal!

 

Sorry for the complete lack of information within the first post. 3 weeks ago, I bought a 2000 SR5 V6 for $8,450.00. About two weeks after buying the truck, I found out about the poor steel/undercoating issues that have been presenting themselves in 95' - 00' Tacos.

Brought it up to Toyota of Newport (RI) today to have the frame evaluated for any rust penetration. At first, I was happy to see that inspection took only 5 minutes on the lift, because I figured that the frame must be in good condition. I was wrong, the tech said that he could punch a ball peen hammer right through the inside frame rail from the rear wheels to the front....

Toyota will be compensating me with about $16,500.00 - not too shabby for a $8,450 investment.

My question is - my only option at this point will be to buy a used Taco....I think that new will be out of the question at this point in time.

Any suggestions?...I'd like to try to find a 01' or newer Taco, need 4WD and would really like V6...

I hate the thought that I have to send a great truck to the junkyard, but the $16,500 check kind of makes me feel a little 'less sad'

Thanks,
jake

 

So... You paid $8450 for a truck.... now Toyota is paying you $16,500 for it?? $8050 profit?? IS your name Donald Trump?....

 

Yes, I think that I could say I 'lucked out'

Now I have to find another truck

 

Thats cool, get something around the same price ill say 10k-11k maybe, use the rest for mods

 

Off lease vehicles are good to look at too, not sure how many people actually lease pickups, but unless the leaser was retarded they normally take care of them, becase they have to pay for damage, and the milage is fairly low...I bought my wifes former car a few years ago, Maxma (went for 32,000 new) had 23K miles on it and got it for 18,000...you definately have make sure you inspect it really well though.

 

How does this look? It's at the same dealership that I will be doing the refund process through? My only complaint would be no 4WD.

http://buzzlot.com/includes/showpicture.asp?vehicle_id=4TASN92N4YZ605097&img=/root/data/automanager/newportgroup/c80652a.jpg&showContact=N&lang=US

2000 TRD V6, Power Everything, asking $11,995

 

Do you NEED the V6 or the cramped back seat? For 2000 more you could be in a brand new I4 with no miles on it. Between the lower insurance and better MPGs you would make up the difference in price within 2 years and in the long run you'll be ahead of the game.

 

Wow....and...weird. I've read about the rust warrantte that recently came out, but I never followed the thread to know exactly what it involved.
Is it just me? I find this kinda weird....

Before accepting the cash, I'd make 110% sure you are in full understanding of whatever it occuring. I mean.... What's the fine print? It's awesome if they're giving you that much and you can simply walk away with it.

Anyone who's been following all the Leaf Spring TSB's and the folks who are having a hard time getting that done - makes ya wonder what exactly is going on with Toyota.....?

Obviously, you get the cash and they keep the truck..... and what do they do with the truck? Put a new frame under it and resell it? Or are they getting into a new 'used parts' market?

(sorry, off the wall thoughts.....)
For your sake - I hope you're able to get the cash and run. Or - are you required to buy another toyota vehicle as part of the fine print?

 

they crush the trucks.... sucks ... but its them covering their rears