Toyota Diminished Resale Value Lawsuits

Full Video Transcript

One of the prime benefits of owning a Toyota has been its reputation for a high resale value. However, it with the safety defect recalls and the related litigation that resale value has dropped. Toyota owners are concerned about their legal rights in this situation and have filed various lawsuits against Toyota seeking to recruit the cost of the diminished value of their vehicles. One of the claims is that Toyota knew about the safety problems a concealed them from buyers. To make it easier for owners to sue, diminished value lawsuits may not have to be fought one on one rather they could be certified as a large class action lawsuit which could cost the company billions of dollars in damages. For example, Toyota could be forced to pay owners either a percentage drop in value of their vehicle or a specific dollar amount such as one thousand dollars each or more. Now this is all just breaking so if you're concerned about the diminished value of your Toyota as a result of safety defects, you should act fast to determine your legal rights contact Toyota recall attorney today for more information.

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