Current:Home > MarketsA deal's a deal...unless it's a 'yo-yo' car sale -TrueNorth Finance Path
A deal's a deal...unless it's a 'yo-yo' car sale
View
Date:2025-04-24 12:05:39
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! (51719)
Related
- The White House is cracking down on overdraft fees
- Oklahoma state police trooper fatally shot a truck driver during a traffic stop
- There have been attempts to censor more than 1,900 library book titles so far in 2023
- Attorney General Merrick Garland says no one has told him to indict Trump
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Selena Gomez Shares Rare Look at Her Natural Curls in Makeup-Free Selfie
- At 91, Georgia’s longest serving sheriff says he won’t seek another term in 2024
- Sweden’s central bank hikes key interest rate, saying inflation is still too high
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Dodgers pitcher Brusdar Graterol pitches in front of mom after 7 years apart: 'Incredible'
Ranking
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- UNESCO adds World War I remembrance sites to its prestigious heritage registry
- Ohio’s political mapmakers are going back to work after Republican infighting caused a week’s delay
- David Beckham Netflix docuseries gets release date and trailer amid Inter Miami CF hype
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- George R.R. Martin, John Grisham and other major authors sue OpenAI, alleging systematic theft
- Did your kids buy gear in Fortnite without asking you? The FTC says you could get a refund
- Watch: 9-foot crocodile closes Florida beach to swimmers in 'very scary' sighting
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Swedish court upholds prison sentence for Turkish man linked to outlawed militant party
Maryland apologizes to man wrongly convicted of murder, agrees to $340K payment for years in prison
What Ariana Grande Is Asking for in Dalton Gomez Divorce
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
What Ariana Grande Is Asking for in Dalton Gomez Divorce
Quaalude queenpin: How a 70-year-old Boca woman's international drug operation toppled over
Princess Beatrice's Husband Edoardo Mapelli Mozzi Shares Royally Cute Photo of 2-Year-Old Daughter Sienna