megaladon6 said:book value is based on PEOPLE's opinions of the car and what they will pay. it's arbitrary. toyota does not guarantee the value, ever. toyota does not set the value. all they do is quote a fact. this is why you can't sue for loss of value. this all i'm stating--lawsuit over loss of value. why you keep trying to change this, or twist it aside, i don't know. either stick with a discussion over a lost-value lawsuit or shut up already! (rather, drop it and we'll continue bashing toyota for valid reasons)
The value is set by Toyota's reputation and Toyota's description of the vehicle and you must have seen adds where the vehicle's resale value was mentioned to entice someone to buy a particular vehicle. To misrepresent the vehicle Toyota has received an unjust enrichment when selling that vehicle. Toyota was aware of the problems with their cars and hired some former government regulators and at least 4 investigations of Toyota`s vehicles were stopped with the help of these former regulators. It was foreseeable to Toyota these problems with the vehicles would have serious repercussions thus they misrepresented the advertised vehicles...
http://www.msnbc.msn.com/id/35300033/ns/business-autos/
http://www.businessweek.com/news/2010-0 ... ate1-.html