Toyota Gap Agreement

Some restrictions may apply. Please discuss this with your reseller and refer to your agreement at the time of purchase. The 38-page California lawsuit claims that Toyota is aware that these fees “have not been earned and will never be earned,” it still collects and then refuses to refund the money to its customers, even though they are contractually and legally required to do so as creditors and beneficiaries of a driver financing contract and the waiver of the CAP. The applicants ask the court to order Toyota to reimburse all customers throughout the country for all undeserved CAP charges collected after the advance payment of financing agreements, an injunction inviting the defendants to pay the interest accrued on these overdue funds and an injunction obliging Toyota to pay a credit in the future for undeserved or direct CAP costs, Fast refunds. According to the remedy, a waiver of the CAP is a debt cancellation agreement that, in the event of a total loss of his vehicle by a customer and the actual present value of the car is worth less than the balance due to the creditor, provides that the dealer agrees to waive the difference. . . .