You don't have to pay the registration renewal fees right away for your
Toyota when you receive the registration renewal forms from the DMV. But you
can't let your Toyota's tags expire either. Vehicles with expired
registration are not eligible for the buy back program. So basically wait
until the actual due date of the registration renewal notice. If you haven't
heard back from the buy back department by then, make sure to pay your
renewal fees. Do not let your Toyota's registration lapse. The BAR will deny
your Vehicle Retirement Application.