Thursday, 29 August 2013

Critics: Car Dealer Yo-Yo Practices Affect 'Most Vulnerable' Buyers - ABC News

abcnews.go.com - It's named after a harmless children's toy, but the word yo-yo means something quite different in the car business.Consumer groups are warning Americans about the growth of so-called yo-yo financing – a practice in which car buyers leave a dealership with their new vehicle even though financing may not be complete. Sometimes the consumer is told later there is a problem with their financing and that they must return the car.

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