.Toyota offers to buy back bZ4X EVs with wheels that might fall off:
in 2014, and Toyota has been on the outside looking in when it comes to EV sales ever since. The bZ4X is expected to change things.
The recall was announced after Toyota sold 258 units. Toyota’s first offer for buyers was to have local dealers give them a loaner vehicle free of charge until a remedy could be found for keeping the hub bolts connected."The cause of the issue and the driving patterns under which this issue could occur are still under investigation," Toyota said in June.
After a few months of research, Toyota has now sent a letter to bZ4X owners expanding the benefits it is offering, including a complete buyback. For starters, bZ4X owners can continue to drive a loaner vehicle while the dealer stores their EV at no cost to the driver. Toyota will pay for the fuel used in these loaner vehicles and will also offer buyers $5000 toward their lease payments or as a check if the EV was purchased outright.
If all of that's not enough for you, then Toyota will buy back your bZ4X, although the details might vary depending on the situation. Toyota has not said how it will handle any dealer markups originally applied to the purchase price, for example, but the fact that it's offering to completely take back a brand-new EV over something as seemingly routine as hub bolts is notable.
Problems with selling new units of the bZ4X could hit Toyota extra hard because any EVs purchased from the automaker after September 30 are not eligible for theunder current law. While the rules are likely to change under the Inflation Reduction Act, as it stands now, Toyota is running out of time to offer its buyers a $7500 credit if they can't buy a new bZ4X any time soon.
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