Protecting Yourself from Yo-Yo Financing Tactics
What is Yo-Yo Financing?
Yo-yo financing refers to a situation where a dealer provides provisional financing terms that are subsequently altered to the buyer's detriment, often pressuring them to accept higher rates or different terms after taking possession of the vehicle.
Recognizing and Responding to Yo-Yo Financing
Be vigilant of dealers who provide provisional financing terms and later attempt to renegotiate these terms under pressure. Ensure all financing terms are finalized and fully understood before taking possession of the vehicle.
Legal Protections Against Yo-Yo Financing
If you find yourself a victim of yo-yo financing, it is crucial to consult with a financial advisor or attorney to understand your rights and possible actions. For expert advice on dealing with yo-yo financing, visit The Law Office of Paul Mankin
