We paid $18K for the '92, drove it for fifteen years got three grand back so, the purchase of the car was equivalent to a $1000./yr. We had less than $600.00 maintenance into it (not counting tires and batteries). That works out to $40.00/yr. for maintenance. So, $1040.00/12 months is approx. $86.66 per month. Pretty cheap ownership for a decent car.
With that kind of costs/reliability, the car didn't owe us anything. We took the $3k without hesitation. I knew we could have gotten more for it in a private sale. However, the new car was at a dealership almost 500 miles away and we drove the '92 Camry there to get the new one. So the trade in made a bit of sense.
Regarding the recall, if anything at all, Toyota will come back stronger and better as a result of the embarrassing bad publicity. I doubt that they'd put their excellent reputation at risk by repeating huge mistakes. You can bet that there will be some a$$ kicking and rightly so. However, I'm sure they'll be cranking up their quality to even better standards as a result of this failure.
With that kind of costs/reliability, the car didn't owe us anything. We took the $3k without hesitation. I knew we could have gotten more for it in a private sale. However, the new car was at a dealership almost 500 miles away and we drove the '92 Camry there to get the new one. So the trade in made a bit of sense.
Regarding the recall, if anything at all, Toyota will come back stronger and better as a result of the embarrassing bad publicity. I doubt that they'd put their excellent reputation at risk by repeating huge mistakes. You can bet that there will be some a$$ kicking and rightly so. However, I'm sure they'll be cranking up their quality to even better standards as a result of this failure.