Class action suit check

Not positive on this, but I had the impression it was based on selling a toyota during a specific time period when resale values were substantially lower, due to the "safety issues".

This may likely be the case with me. I bought my 5th gen a few weeks before the acceleration issue became news and have not received anything.
 
I've received nothing for the several Toyotas I have owned or presently own. But I sure am glad I'll have to pay a bit more for my next Toyota so that these lawsuits can be funded.

From the Wall Street Journal:
"... said the settlement would include cash payments for loss of residual value capped at $250 million to Toyota owners who sold or traded in their vehicles between Sept. 1, 2009, and Dec. 31, 2010; $250 million in payments for car owners whose vehicles cannot be updated with brake-override systems up to a maximum of $125 apiece; between $200 million and $400 million to install brake-override systems on up to 3.25 million vehicles; $400 million for extending warranties for engine-control modules and other components; and about $227 million in attorneys' fees and costs."

Was any actual evidence found that showed Toyota was at fault? This whole show was for the plaintiffs' lawyers. You got your $227; he got his $227,000,000.
 
Was any actual evidence found that showed Toyota was at fault? This whole show was for the plaintiffs' lawyers. You got your $227; he got his $227,000,000.
as i understand it, no. U.S. Department Of Transportation Releases Results From NHTSA-NASA Study Of Unintended Acceleration In Toyota Vehicles | Department of Transportation

funny how that finding never became the headline news the accusations and allegations did. i'm not one for the conspiracy theories, but at the very least, it's the crummy failings of the media's "if it bleeds, it leads" dictum.
 
I got a check. The 2010 4Runner that I paid $32k was traded 4 years later with 38k miles for $27,500. I doubt I'll ever own a new car again with depreciation like that. Hell, I bet the Rav we got has depreciated that much in the year we've had it.
 
I got a check. The 2010 4Runner that I paid $32k was traded 4 years later with 38k miles for $27,500. I doubt I'll ever own a new car again with depreciation like that. Hell, I bet the Rav we got has depreciated that much in the year we've had it.

you only lost 4500.... go see what a similar grand cherokee would lose with similar age and miles lol.
 
you only lost 4500.... go see what a similar grand cherokee would lose with similar age and miles lol.

I know. Only losing $4500 is amazing over that time and mileage. I was saying I'll probably never have another vehicle that depreciates that little ever again. I was very happy with my ownership experience of my 5th gen T4R.

Like they say, I'm just between 4Runners right now. :)
 
Originally Posted by Will816 said:
A lot of you appear to have not done anything in particular to receive the settlement. How do they know where you live?

Don't you watch the news? They know EVERYTHING...... :tinfoil3:

Evidently, this is true as I just received a check in the mail yesterday for $20.46. This seems to contradict my comments a couple of posts above. So, it seems some checks are still in the mail. I purchased my 5th ten in an entirely different area and they still tracked me down.
 

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