Current:Home > FinanceA deal's a deal...unless it's a 'yo-yo' car sale -DataFinance
A deal's a deal...unless it's a 'yo-yo' car sale
Poinbank Exchange View
Date:2025-04-07 11:26:03
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! (3)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- BMW, Chrysler, Ford, Maserati among 313K vehicles recalled: Check car recalls here
- Aggressive Algae Bloom Clogged Water System, Prompting Boil Water Advisory in D.C. and Parts of Virginia
- 2024 Olympics: Colin Jost Shares Photo of Injured Foot After Surfing Event in Tahiti
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Providence patients’ lawsuit claims negligence over potential exposure to hepatitis B and C, HIV
- A Pretty Woman Reunion, Ben Affleck's Cold Feet and a Big Payday: Secrets About Runaway Bride Revealed
- New Details on Sinéad O'Connor's Official Cause of Death Revealed
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- US golf team's Olympic threads could be divisive. That's the point
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- What to watch for the Paris Olympics: Simone Biles leads US in gymnastics final Tuesday, July 30
- Radical British preacher Anjem Choudary sentenced to life in prison for directing a terrorist group
- Inflation rankings flip: Northeast has largest price jumps, South and West cool off
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Orville Peck makes queer country for everyone. On ‘Stampede,’ stars like Willie Nelson join the fun
- Stores lure back-to-school shoppers with deals and ‘buy now, pay later’ plans
- Heavy rain in northern Vermont leads to washed out roads and rescues
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
UCLA ordered by judge to craft plan in support of Jewish students
Massachusetts governor says there’s nothing she can do to prevent 2 hospitals from closing
Inflation rankings flip: Northeast has largest price jumps, South and West cool off
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Law school grads could earn licenses through work rather than bar exam in some states
Sorry Ladies, 2024 Olympian Stephen Nedoroscik Is Taken. Meet His Gymnast Girlfriend Tess McCracken
U.S. job openings fall slightly to 8.2 million as high interest rates continue to cool labor market