Can I sue if my resale value of my Toyota has gone down because of the Toyota Recall?
Yes, you may be able to sue if the resale of your Toyota motor vehicle has decreased because of the recent Toyota Recall. People who are interested in suing over the loss of resale value usually sue under an “economic loss” theory because the recalls have hurt the resale value of their vehicles. Kelley Blue Book guides have warned that Toyota values will continue to decrease by an additional 1.5% on top of the usual decline in vehicle value.
The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.
Additional Toyota Brake Pad Recall Articles
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- What is a Toyota motor vehicle defect?
- How do I file a safety complaint about a defective Toyota?
- Can I sue if I'm hurt in an accident caused by a defect in my Toyota?
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- If my Toyota is on a recall list, will I be liable if I'm in an accident?
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- How are problems with recalled vehicles or equipment remedied?