Toyota still remains popular despite numerous recalls in the past year, but if you were planning to go out and purchase one, first learn about the company’s latest recall announced on Thursday morning. The auto manufacturer revealed that it will be recalling 1.5 million cars worldwide–approximately half of those are located in the United States. The chosen vehicles are said to have possible brake and fuel system problems, which could pose an issue for anyone planning to take out an auto loan for one of the vehicles on the Toyota recall list.
Numerous Models Recalled
The Toyota announcement alerted vehicle owners to a few issues with some of its vehicles. In Japan, about 599,000 Toyota and Lexus models produced between 2002 and 2005 have brake and fuel system problems.
In the U.S., the recall involves replacement of a brake master cylinder seal on about 740,000 cars and SUVs. These cars include:
- 2005 and 2006 Avalon
- 2006 Lexus GS 300, IS 250 and IS 350
- 2004 through 2006 Highlander (non-Hybrid) and Lexus RX330.
In the United Kingdom, more than 15,000 Lexus IS, GS and RX models produced 2003 through 2005 were recalled, as well as 2,100 Lexus GS 300 models built 2004 through 2006.
The report said other countries are involved but no additional details about them have been disclosed yet.
Buying Recalled Cars
When you choose to take out a new car loan, a lot of thought has to go into the selection process. While many think about a vehicle’s safety reputation and cost, some don’t consider checking out its recall history. Of course, while a vehicle is in the process of a recall, everyone is concerned. A year or so after, however, many forget it ever happened.
Since Toyota has been in the news a lot for its recalled cars, many car buyers are sure to question whether this manufacturer with a once-stellar reputation is a good match for them. In actuality, it still could be. However, before making a big decision like this, it’s good to ask if it is safe to purchase a recalled car and consider all of the potential consequences of making this huge choice.
If nothing else, Toyota could end up offering more great incentives like it did last spring and summer to make up for its last recalls. If so, then it might not hurt to wait until this recall is resolved to ensure its safety then wait to see if the manufacturer dishes out some good auto loan deals.
