Who here is sueing TOYOTA for loss of value?

ski.dive · 03-09-2010, 02:27 PM

Who here is sueing Toyota in cases involving U.S. Toyota owners claiming lost value of their cars.

How does one get his name on the list.

Nobody wants to buy my Toyota.

We all need to be compensated for their 'SCREW UP'

I own 2 PRIUS autos[2008 & 2010], and both have lost alot of value $$$.

PriusLewis · 03-09-2010, 02:38 PM

Where do I sign up? I've read that there are numerous class action suits, but have not found where. The court system is considering whether to allow the action, according to a news story yesterday.

Prius 06 · 03-09-2010, 02:51 PM

Quote:

Originally Posted by ski.dive

I own 2 PRIUS autos[2008 & 2010], and both have lost alot of value $$$.

Both autos? What else would they be??

Duffer · 03-09-2010, 02:53 PM

Was there a guarantee of resale value in the contract when you people purchased your cars?

PriusLewis · 03-09-2010, 02:57 PM

Quote:

Originally Posted by Duffer

Was there a guarantee of resale value in the contract when you people purchased your cars?

Was there some expectation of resale value based on what was then Toyota's reputation? yes. However, you are right - since we cannot count on Toyota's reputation to remain intact, I will trade for a GM (since everyone on the board already knows - and posts - that GM products are disgusting, inferior death traps, I won't expect the value to plumet).

Politburo · 03-09-2010, 02:58 PM

Talk to Sean Kane. He'll get you in touch with the lawyers.

The Electric Me · 03-09-2010, 03:04 PM

Go ahead if you wish. But I think you are wasting your time.

Recalls happen to vehicles all the time. There is no guarantee of resale value, and it's pretty much relative anyway.

You'd have to prove that Toyota willfully and maliciously sold a vehicle with intent to misrepresent it's value. Nobody can really predict future values under any circumstance.

So if gas goes up to $4.50+ a gallon are you going to give Toyota more money if your Prius increases in value?

Toyota is doing everything they can to repair their damaged reputation. Do you think they want or wanted their cars resale values to drop?

I don't think this is a winnable or viable case. Loss of resale value is just a risk you take with any vehicle. The reasons automobiles increase or decrease in value can be fickle and unpredictable.

You lose almost instantly based on the fact that Prius sales are evidently holding up very well. Despite rumors or reality of being able to get good deals right now, Prius are still selling and without massive discount.

But do what you wish.

nahtanoj · 03-09-2010, 03:11 PM

we should all sue the previous owners of our houses too. mine has dropped in value $150k. who's with me!

adric22 · 03-09-2010, 03:12 PM

Quote:

Originally Posted by The Electric Me

Recalls happen to vehicles all the time. There is no guarantee of resale value, and it's pretty much relative anyway.

I tend to agree. I just sold my Saturn that I bought a few years ago and it has depreciated greatly from the fact that GM killed the brand off. So, does that mean I should sue GM for devaluating my car? That is crazy.

But, I also think the point is moot because I don't see any loss of value on the Prius. I look everyday in the classifieds, craigslist, cars.com, etc for deals on Prius because I have two friends who are interested in getting one so I've been trying to find them a good deal. I have not seen the prices fall at all on these vehicles.

KK6PD · 03-09-2010, 03:17 PM

Be sure to hold your breath for this one.....
I just want to see you turn BLUE!!!

03-09-2010, 02:27 PM	#1
ski.dive Senior Member Join Date: Jun 2008 Location: HUTCHINSON ISLAND,FL., MT.SNOW,VT Posts: 281 My Car: 2010 Prius Model: N/A Package: #4 Thanks: 0 Thanked 14 Times in 12 Posts Friends: 0	Who here is sueing TOYOTA for loss of value? Who here is sueing Toyota in cases involving U.S. Toyota owners claiming lost value of their cars. How does one get his name on the list. Nobody wants to buy my Toyota. We all need to be compensated for their 'SCREW UP' I own 2 PRIUS autos[2008 & 2010], and both have lost alot of value $$$. Last edited by ski.dive; 03-09-2010 at 02:29 PM.

03-09-2010, 02:38 PM	#2
PriusLewis Management Scientist Join Date: Feb 2009 Location: Denver Metro Posts: 1,002 My Car: Other Non-Hybrid Model: N/A Package: N/A Thanks: 164 Thanked 78 Times in 67 Posts Friends: 5	Re: Who here is sueing TOYOTA for loss of value? Where do I sign up? I've read that there are numerous class action suits, but have not found where. The court system is considering whether to allow the action, according to a news story yesterday.

03-09-2010, 02:53 PM	#4
Duffer Senior Member Join Date: Jan 2007 Posts: 223 My Car: 2007 Prius Model: Package: #2 Thanks: 0 Thanked 4 Times in 4 Posts Friends: 0	Re: Who here is sueing TOYOTA for loss of value? Was there a guarantee of resale value in the contract when you people purchased your cars?

03-09-2010, 02:58 PM	#6
Politburo Senior Member Join Date: Feb 2009 Posts: 966 My Car: 2009 Prius Model: Package: #4 Thanks: 181 Thanked 206 Times in 133 Posts Friends: 1	Re: Who here is sueing TOYOTA for loss of value? Talk to Sean Kane. He'll get you in touch with the lawyers.

03-09-2010, 03:04 PM	#7
The Electric Me Go Speed Go! Join Date: May 2009 Location: Undisclosed Location Posts: 2,977 My Car: Other Non-Hybrid Model: N/A Package: N/A Thanks: 170 Thanked 573 Times in 408 Posts Friends: 0	Re: Who here is sueing TOYOTA for loss of value? Go ahead if you wish. But I think you are wasting your time. Recalls happen to vehicles all the time. There is no guarantee of resale value, and it's pretty much relative anyway. You'd have to prove that Toyota willfully and maliciously sold a vehicle with intent to misrepresent it's value. Nobody can really predict future values under any circumstance. So if gas goes up to $4.50+ a gallon are you going to give Toyota more money if your Prius increases in value? Toyota is doing everything they can to repair their damaged reputation. Do you think they want or wanted their cars resale values to drop? I don't think this is a winnable or viable case. Loss of resale value is just a risk you take with any vehicle. The reasons automobiles increase or decrease in value can be fickle and unpredictable. You lose almost instantly based on the fact that Prius sales are evidently holding up very well. Despite rumors or reality of being able to get good deals right now, Prius are still selling and without massive discount. But do what you wish. __________________ Full Electric Living to it's Fullest

03-09-2010, 03:11 PM	#8
nahtanoj Member Join Date: Mar 2010 Location: san diego Posts: 36 My Car: 2010 Prius Model: II Package: No Package Thanks: 0 Thanked 2 Times in 2 Posts Friends: 0	Re: Who here is sueing TOYOTA for loss of value? we should all sue the previous owners of our houses too. mine has dropped in value $150k. who's with me!

03-09-2010, 03:17 PM	#10
KK6PD _ . _ . / _ _ . _ Join Date: Mar 2008 Location: Los Angeles Posts: 3,076 My Car: 2008 Prius Model: Package: #5 Thanks: 754 Thanked 454 Times in 350 Posts Friends: 35	Re: Who here is sueing TOYOTA for loss of value? Be sure to hold your breath for this one..... I just want to see you turn BLUE!!!

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