Current:Home > reviewsA deal's a deal...unless it's a 'yo-yo' car sale -MoneyBase
A deal's a deal...unless it's a 'yo-yo' car sale
View
Date:2025-04-15 04:23:02
Imagine buying a car, driving it off the lot, showing it to your friends and then you get a call from the dealership. The financing fell through and you have to agree to new terms or bring the car back. It might sound fishy, but many dealers say it's legal and a recent NPR survey found it happens quite a bit.
Today on the show, 'yo-yo' car sales, the serious consequences for people this has happened to, and what regulators could do about it.
Find out what happened to the Johnson's in the end in our longer digital version of this story.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.
veryGood! (9872)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Stock market today: Asia mixed after the US government’s credit rating was cut
- Minnesota Supreme Court rules against disputed mine, says state pollution officials hid EPA warnings
- Otteroo baby neck floats still on sale despite reports of injury and one infant death
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Mortgage rates tick higher: 30-year, fixed home loan is at 6.90%; 15-year at 6.25%
- Texas Medicaid drops 82% of its enrollees since April
- 'Bachelor' star Gabby Windey announces she has a girlfriend: 'A love that I always wanted'
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- US military may put armed troops on commercial ships in Strait of Hormuz to stop Iran seizures
Ranking
- The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
- Morocco makes more World Cup history by reaching knockout round with win against Colombia
- Truck carrying lemons overturns on New Jersey highway: Police
- Jimmie Johnson, Chad Knaus headline NASCAR class of 2024 Hall of Fame inductees
- Federal hiring is about to get the Trump treatment
- Louisiana law requiring 'In God We Trust' to be displayed in classrooms goes into effect.
- Idris Elba is the hero we need in 'Hijack'
- Biden calls for immediate release of Niger's president amid apparent coup
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
Police officer in South Carolina killed by Amtrak train while rescuing someone who called 911
This beer is made from recycled wastewater and is completely safe to consume
EMT charged with stealing money from 'patient' in sting operation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
Fitch just downgraded the U.S. credit rating — how much does it matter?
Biden calls for immediate release of Niger's president amid apparent coup
The Hills' Whitney Port Says She Doesn't Look Healthy Amid Concern Over Her Weight