1. Inspection: The dealer inspects the vehicle to determine its condition, including any damage or wear.
2. Valuation: The dealer uses several factors to determine the vehicle's value, such as its mileage, condition, age, and market demand.
3. Offer: The dealer provides a purchase offer to the customer. The offer is typically based on the Kelley Blue Book or Edmunds value of the vehicle.
4. Negotiation: The customer can negotiate the offer with the dealer.
5. Payment: If the customer accepts the offer, the dealer pays for the vehicle and transfers the title to the new owner.
It's important to note that the buyback price offered by Toyota dealers may vary depending on the location, market conditions, and specific vehicle details. Customers are advised to research and compare prices from multiple dealers before making a decision. Additionally, some Toyota dealerships may offer additional incentives or promotions for the buyback of certain vehicles.