Toyota Buy Back Information

by Gina Poirier

In 2008, Toyota initiated a buy back program for Toyota Tacomas produced between 1995 and 2000. Consumers also often wondered if Toyota would buy back vehicles under the massive recalls of 2009 and 2010.

2008 Toyota Tacoma Buy Back

In 2008, Toyota announced that it would extend the warranty to 15 years and unlimited miles on Toyota Tacoma truck frames produced from 1995 to 2000. If, under inspection, the frames were rusted, the company offered to either pay for repairs or buy back the vehicle at 1.5 times the suggested "excellent condition" price on Kelley Blue Book. This buy back offer affected approximately 813,000 trucks.

2009 and 2010 Recalls

In 2009 and 2010, Toyota issued massive recalls that affected millions of vehicles and 19 different models from 1998 to 2010. Potential problems included malfunctioning accelerators, spare tires and brake cylinders. The company offered pay for all related repairs but never launched a buy back program.

Individual Dealer Buy Back

Some consumers may have been confused because individual Toyota dealers can buy back vehicles. This is done a on a case-by-case basis, however, as dealers make decisions about how to handle dissatisfied customers at their own discretion.

About the Author

Gina Poirier has a professional background in nonprofit administration and management, primarily with youth development organizations. She holds a Bachelor of Arts in international studies from the University of Washington and a Master of Public Administration from the University of Alaska Anchorage.

Photo Credits

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