How to Stop the Car Financing Yo-Yo
Consumer groups call for federal action to rein-in shady auto credit practices
2 min readMay 4, 2022
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A coalition of consumer groups is urging the Federal Trade Commission (FTC) to take action that would prohibit so-called “Yo-Yo” auto sales. In practice, this means allowing a buyer to drive a car off the lot before a contract is fully executed with a third-party credit…