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Yo Yo Deals - Stringing Car Buyers Along
Author: Don Oldenburg
Excerpt: Think of yo-yo deals as bait-and-switch financing, a trap that an unscrupulous car dealer uses to manipulate buyers into paying more, says Rosemary Shahan, president of Consumers for Auto Reliability and Safety, a Sacramento-based consumer group...
Must Say No No to Yo Yo
Author: Marc Gordon
Excerpt: It's called "yo-yo" financing. It happens when buyers are told after purchase and delivery that they've flunked credit qualification and will be reported as a thief or to their employers if they don't accept a higher interest rate and larger down payment...
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