Yo-yo financing is a common car dealership scam used to trick consumers into signing paperwork that will cause them financial harm. Unfortunately, not everyone is well-informed of this car dealership trick and ends up paying more for their purchased vehicle than they originally agreed to. If you have recently purchased a car from a dealership or are looking to buy one, it is important that you know all the details about yo-yo financing. It may end up helping you, your family members, or your … [Read more...] about Yo-Yo Financing: Don’t Be Fooled By This Car Dealership Scam
yo-yo financing
Yo-Yo Financing at the Dealership
Dealerships know that the real profits are in the financing, and sometimes they get so greedy as to act illegally to get even more than they are due out of your pocket. Yo-Yo Financing is a tactic that dealers use with customers who don't qualify for the financing they were originally promised. Here's how it works... You go into the dealership and purchase a new car from the lot. The dealer requires you to pay a certain down payment amount, they tell you how much the monthly payments will be, … [Read more...] about Yo-Yo Financing at the Dealership