A deal's a deal...unless it's a 'yo-yo' car sale

2024-12-26 01:19:26 source:lotradecoin integration category:Invest

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.

More:Invest

Recommend

Jim Leach, former US representative from Iowa, dies at 82

DES MOINES, Iowa (AP) — Former U.S. Rep. Jim Leach, who served 30 years as a politician from eastern

Child killed, 5 others wounded in Cincinnati shooting

An 11-year-old was killed and five others wounded in a shooting in Cincinnati, Ohio, on Friday night

Ukraine says 19 troops killed by missile at an awards ceremony. Zelenskyy calls it avoidable tragedy

KYIV, Ukraine (AP) — Ukraine confirmed on Monday that 19 service members were killed by a Russian mi