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News 5 Investigates: Beware of Yo Yo financing at car dealerships 

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Dealerships like to close the sale immediately and may let you drive off in a new car before financing is secured. It's called "spot delivery" or a "Yo Yo" car deal---and it's catching some consumers off guard. Imagine driving off and days later, you learn financing fell through.

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12 сен 2024

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Комментарии : 14   
@iaing9028
@iaing9028 4 месяца назад
Here in the UK, the car dealership would never in a million years let you leave with the car if you haven’t been approved for the finance, what sort of crazy country is it?
@michaelleggieri7135
@michaelleggieri7135 4 месяца назад
She should consider herself lucky. She only got ripped off a small amount compared to many other customers
@mariasanchez4759
@mariasanchez4759 Год назад
Currently going through this, ugh! Haven’t signed no second contract. 😅 wondering about consequences in just returning car? Will my credit be messed up?
@8754roberto
@8754roberto Год назад
Hello same here . Any tip will help me . I was called yesterday and won't sign . The sales guys was rude and immediately asked me to get out of the dealer . I asked about my down payment. And he says comeback tomorrow
@emagana07
@emagana07 Год назад
@@8754roberto I think the same thing happened to me, the dealership called me about a week and a half later asking me for more down payment like wtf??!
@Astrolovescrypto
@Astrolovescrypto Год назад
Acura Of Alhambra is guilty of this!!! Beware.
@staygrinding3817
@staygrinding3817 Год назад
Maria what ever happened with ur case? I'm going thru the same thing rn
@davealmighty9638
@davealmighty9638 Год назад
The Rosen law firm channel has a video about this. If you get a lawyer, you will win in court.
@KevinGonzalez-vz7rz
@KevinGonzalez-vz7rz Год назад
Bottom line is this….Before you walk into any dealership, get approved for auto financing by a bank or a credit union. If both say no then You are not financially sound to be buying any vehicle, regardless of reason of desperate measures. Auto financing through a dealership should still be explored but only as a comparative tool against your pre-approved loan from the bank or credit union. You then take the better of the two options knowing that you have the bank/credit union approval as a “back up” method.
@FactsofMotivation350
@FactsofMotivation350 11 месяцев назад
They got put together
@EntreCamaradas
@EntreCamaradas 9 месяцев назад
They did this to me at Dodge I made a fucking scene and gave them their shit back. I don’t care if it’s 17, 7 or a seven cent difference.. it’s the principle that you LIED. I don’t want to do business that way
@TheMichaelJu
@TheMichaelJu Год назад
Stupidity of American consumers
@icewolf6062
@icewolf6062 Год назад
American car dealerships.
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