Skye
Well-Known Member
- Thread starter
- #1
https://www.npr.org/2023/02/04/1152932192/yo-yo-car-sales?ft=nprml&f=
https://www.lendingtree.com/auto/can-you-back-out-after-signing/
https://www.nclc.org/wp-content/uploads/2022/08/letter-to-colorado-mvdb-jan2019.pdf
https://sbg.colorado.gov/sites/sbg/files/DR 2434_e_2.pdf
I wasn't familiar with "Yo-yo financing" or deals; it's when the dealer cannot secure financing under the signed agreement (either honestly, or not) and renegotiates the deal.
It reads like this practice or problem is primarily within the local, used car dealer arena. If interested further, check within your state for any supporting laws.
https://www.lendingtree.com/auto/can-you-back-out-after-signing/
https://www.nclc.org/wp-content/uploads/2022/08/letter-to-colorado-mvdb-jan2019.pdf
https://sbg.colorado.gov/sites/sbg/files/DR 2434_e_2.pdf
I wasn't familiar with "Yo-yo financing" or deals; it's when the dealer cannot secure financing under the signed agreement (either honestly, or not) and renegotiates the deal.
It reads like this practice or problem is primarily within the local, used car dealer arena. If interested further, check within your state for any supporting laws.
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