Chassis Rust

I recently obtained a 2003 Tundra thru family and have discovered the truck has a serious chassis rot issue. Has a hole in left front of frame rail and the rear axle banjo is rusted and leaking. Called the originating dealer and they said the truck had been recalled and in 2015 a "compound" was applied to the chassis to mitigate the problem. The truck has sentimental value and I would like to keep it. Hoping some members here have had experience and can supply meaningful advise. TIA!!!

 

Here is another view

 

i'm not sure where you're at with toyota making it right but I'd want to see more pictures of the frame although from what i can tell, if the rest is like that, I'd want to do a full frame replacement. I'm way too sentimental so if it were me, I'd go to the trouble and expense of doing that myself. Alternatively, if it's a more isolated problem, decent body shops will be able to fabricate a replacement section and splice it in. Not worth doing if it weren't for the sentiment but in my opinion, depending on the reason, you can't put a $ figure on sentimental value.

 

I prefer the second picture, i'd not seen that when i wrote the above and i prefer the look of #2 to the first. Scour your regional craigslists, I've seen 1st gen tundra frames in great shape for under $1000

 

I plan on going to the dealer this Monday to have them take a look at it. I just made my first phone call today to see what they have to say and what records they have. I think it is good news that they have looked at itin 2015. Unfortunately, my brother-in-law that had owned it died very suddenly of pancreatic cancer so I don't really have a first-hand account as to the service history.

 

When you get there Monday ask them what was the name of the "compound" they used to "mitigate" the problem... BS #2!??!

Seriously tho that is some serious corrosion that needs a frame replacement cause clearly whatever they used didn't work. Good luck!