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Originally Posted by rickguns
I really don't think Toyota would go with the mindset of trying to make any of their products "as cheap as possible" at the risk of quality. As a Toyota truck owner I have found the general quality to be much better than the competiton. I drove Chevy trucks for 40 years before the Toyota truck I have now and I would never go back. I am impressed that Toy. is paying 150% of RETAIL value of the buy back vehs. They wouldn't even have to do that. Who of us wouldn't sell our vehs. if we could get full "retail" Whens the last time any of us bought a veh. at full retail? They are doing a buy back on their own, not a goverment imposed recall. How many other auto makers would do that?
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It doesn't surprise me that Toy is giving the big buy backs. They have to get those trucks off the road. Many people may not want to give them back if they offered less. It is also reputation protection. "Toyota will take care of you" approach. If they could recall and just fix the frames, they probably would but the cost of replacing the frames is going to be much higher and they may have to extend or rewarranty the truck. The legal implications of an accident will loss of life/limb is tremendous unless they get these trucks off the road. Huge potential for high $$$$ lawsuits if these trucks are not deemed safe because of manufacture attempt to use substandard methods/materials. Remember the Ford Pinto?