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The "Thousands" of dollars question

Discussion in '1st Gen. Tacomas (1995-2004)' started by rraabb11, Feb 2, 2010.

  1. Feb 2, 2010 at 8:44 PM
    #1
    rraabb11

    rraabb11 [OP] Well-Known Member

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    Ok, here is a hypothetical. What if I was smart and lucky enough to find someone selling a 95-2000 Tacoma with rust damage-can I still get 1.5 the value? Is there a time requirement on ownership? I do not want the frame rebuilt, can I choose the check? Is it a credit towards a new Tacoma only? There is over 800k of them out there, I think there are some odds here...
    Thanks in thoughts for your thoughts!
     
  2. Feb 3, 2010 at 2:06 PM
    #2
    smallcandle

    smallcandle The clown has no penis...

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    Don't know what the limitations of the program are, but this seems like a pretty shady way to make a few bucks. JMHO.
     
  3. Feb 3, 2010 at 2:36 PM
    #3
    ywen

    ywen Well-Known Member

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    +1

    Yep shady, but shady stuff goes on all the time for everything, so doesn't make this scheme any shadier than the others..
     
  4. Feb 3, 2010 at 2:42 PM
    #4
    tacoman101

    tacoman101 Well-Known Member

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    I believe you have to have the truck for 1 year before you can get a recall
     
  5. Feb 3, 2010 at 4:10 PM
    #5
    98_Mud_bug

    98_Mud_bug 98_mud_bug

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    yea i think the frame rust recall is only for people who have had the vehicle for a year or longer
     
  6. Feb 3, 2010 at 6:09 PM
    #6
    Beau02

    Beau02 Black Taco

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    I'm certainly no expert on the frame rust issues, but here's what I think I know that'll be relevant to your situation:

    • In the '95-'00 range it's only buy-back, no option for replacement, you'd be set there
    • The buy-back is for 1.5 times the KBB value of the truck in excellent condition
    • You can call Toyota @ 888-270-9371 to get questions answered (e.g. req'd duration of ownership)
    • You can call your local Toyota dealership with the VIN to determine if that specific vehicle has any campaigns associated with it
    • Not all trucks in that year range qualify for the campaign, so check before continuing with your 'shady' deal
    • If you decide not to purchase it, perhaps consider telling the current owner about the program
     
  7. Feb 3, 2010 at 6:21 PM
    #7
    shitroc

    shitroc Master of War

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    Listed in sig.......
    also if the truck is a "rebuilt",then it doesnt qualify for the recall.
     
  8. Feb 3, 2010 at 6:23 PM
    #8
    JimBeam

    JimBeam BECAUSE INTERNETS!! Moderator

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    i THINK i read somewhere that you had to own it something like 6 months BEFORE the buyback was announced to qualify for the 1.5x KBB value...otherwise i think you get a reduced rate

    im pretty sure Toyota accounted for price vultures looking to make money on this
     
  9. Feb 3, 2010 at 6:39 PM
    #9
    Beau02

    Beau02 Black Taco

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    Another thing to keep in mind is that a claim has to be made by 10/31/2010, I think (or was that 2011??). So, if it's a year of ownership you're screwed, but if it's six months you might be in luck...
     
  10. Feb 3, 2010 at 6:41 PM
    #10
    JimBeam

    JimBeam BECAUSE INTERNETS!! Moderator

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    maybe for a 1995.5

    the new extended frame warranty is a 15 year from in-service date (which i think is the day its titled)

    so if i had a 2000 that got titled in say april of 2000, i'd have till april of 2015 to enter my claim


    i think
     
  11. Feb 3, 2010 at 7:46 PM
    #11
    Beau02

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    You're right, the extended warranty is 15 years from the in-service date, but I'm fairly confident that you still have to get the frame inspected and recorded by the date I mentioned. At that point they'll either determine it's affected by rust, or they'll provide a rust inhibiting undercoat.
     
  12. Feb 3, 2010 at 7:47 PM
    #12
    Beau02

    Beau02 Black Taco

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    Another quick note rraabb11, you must be located in one of 20 specific states (those considered by Toyota as having the heaviest usage of road salt combined with winter weather).
     
  13. Feb 3, 2010 at 8:29 PM
    #13
    STLharry

    STLharry Lube: It's the key to penetration.

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    Rebuilt or salvage titles do not qualify.
     
  14. Feb 4, 2010 at 2:08 AM
    #14
    dustinuhls

    dustinuhls Well-Known Member

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    There was a time limit on ownership. I think if the previous owner has been notified of the problem and you bought it within the last year then you are not eligible for the 1 1/2 buyback deal. Meaning, you can't go buy a used one that has the rust problem and get a 150% buyback.
     
  15. Feb 6, 2010 at 12:30 PM
    #15
    MowTaco

    MowTaco Well-Known Member

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    I know there's no ownership time limit on the re-frame, not sure on the buyback.
     
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