Originally posted by Fadiddy
What do you guys think is a smarter route:
Buy back
or
Keep car with $$$ back
Fadiddy, what is the scope on your attorney's fees? As I mentioned earlier regarding your original post about not having to pay them "they get paid with settlement". I think the answer to your question resides in that contractual agreement. If they take their 30-40-50%??? What is that % based against? $35,000 for the buyback, or $5,000 for the settlement? 30-40-50% of $35,000 is a lot more then 30-40-50% of $5,000. They're going to get their payment, one way or another. Either through the funds from Toyota, or from you. Since you've got an attorney involved, the check will be made to them, not you. And it will be deposited into their trust account, and a new check minus their cut will be what you get back. The question is: What will that amount be, and do you hate your 4runner enough to part with it for that amount?
These situations are very tricky to come out of looking better then when you started. Just by going off of my assumptions, and given the fact that you want to replace the 4runner with something else, I'd have to probably say take the settlement, keep the car, use the proceeds awarded to you to ease the trade-in value hit at the new dealership, and be done with it.
I also don't know your financial structuring of the 4runner? If you financed it, will the proceeds you get be enough to payoff the loan? Because if it's not, and you sell the car back to Toyota, you will be obligated to pay that loan off so they can have the title back. The bank's not going to release their collateral for any reason whatsoever, except for cash.
So, what's the story with the attorney's fees amigo?
PS: There is a TSB for the sulfer smell for 05's too. Although most dealerships will haggle with you to get the service done. But, it can be done.