Even after you think you bought a car, dealerships can ‘yo-yo’ you and take it back

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Kaitlyn Arland drives in her car in Junction City, Kan. Two years ago, when she tried to buy her first car, the dealership called her back and demanded she sign a new deal with a higher down payment after she had taken the car home. This tactic is often referred to as a yo-yo deal.

NPR investigated a practice called a yo-yo sale and found it’s hurting car buyers nationwide, tougher rules can make a difference, and the Federal Trade Commission has a chance to crack down.

(Image credit: Arin Yoon for NPR)

Read More at NPR

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