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https://www.leaseguide.com/glossary/spot-delivery/
The term, spot delivery, as it relates to car leasing and buying, refers to a practice by car dealers that is perfectly legal but often causes problems for customers, especially those with poor credit. To understand spot delivery, it is necessary to understand that car dealers don’t provide loans and leases, and can’t approve customers’ credit, even though they often give the impression ...
https://www.edmunds.com/car-loan/dont-fall-prey-to-spot-delivery-scams-and-yo-yo-financing.html
A practice called "spot delivery" sometimes pulls new car buyers back into dealerships to pay higher interest rates and bigger down payments on what they thought were done deals.
https://www.autocheatsheet.com/car-dealer-scams/spot-delivery-car-dealer-scam.html
Everything you ever wanted to know about the spot delivery car dealer scam, but didn't know who to ask. Also known in the industry as the "financing fell through scam," "resign documents scam" or "yo-yo financing scam." This dealer tactic is very common and widely used in dealerships today.
https://www.ftc.gov/sites/default/files/documents/public_comments/public-roundtables-protecting-consumers-sale-and-leasing-motor-vehicles-project-no.p104811-00043%C2%A0/00043-80228.pdf
“SPOT DELIVERY” IS ANTICIPATORY THEFT AND ALWAYS VIOLATES THE TRUTH IN LENDING ACT RAYMOND G. INGALSBE PALM BEACH GARDENS, FLORIDA Yo-Yo/Spot Delivery. The scenario is the same in all so-called spot deliveries, otherwise called yo-yo transactions. The consumer visits an auto dealer, takes a test drive, signs a creditFile Size: 105KB
http://consumer.georgia.gov/consumer-topics/spot-delivery-pitfalls
In spot delivery, the buyer takes possession of the vehicle “on the spot,” upon making a commitment to buy or lease on installment, but not yet having a definite arrangement for financing with a bank or finance company. There are inherent advantages and disadvantages to this practice.
https://www.carbuyingtips.com/top-10-scams/scam1.htm
May 28, 2019 · Give them the big buzzer on this one. Unlike a purchase, your lease is a contract and once it is signed, the dealer cannot change the terms and they cannot make you undo a contract. Just think, if you tried to get out of a vehicle lease that you just signed, they would come after you in court. What to do if the Spot Delivery Scam happens to you
https://www.counselorlibrary.com/public/products-spot-delivery.cfm
Spot Delivery is a concise, easy-to-read, monthly legal update that you can depend on to provide timely answers to legal questions you face every day. This newsletter addresses complex legal issues from an industry perspective; it also keeps you informed on new legal developments affecting your business.
http://www.ag.state.il.us/consumers/auto.html
Spot Delivery . Auto dealers may promise consumers "spot delivery" of a new or used car when its sale is contingent upon financing. This sales technique encourages consumers who have made a down payment -- but who have not yet been approved for financing -- to drive away from the dealer's lot in a new or used car before financing is approved.
https://www.autoraptor.com/risks-spot-delivery-avoid-yo-yo-financing/
Yo-yo financing is not spot delivery; yo-yo financing is a spot delivery scam. Spot delivery laws vary by state, but typically, if a customer’s financing falls through, they’ll be asked to return the new vehicle and will get their down payment and trade-in back. Or, the dealer will help them figure out an alternative.
https://www.theconsumerlawgroup.com/library/consumer-law-beware-of-the-spot-delivery-technique.cfm
Beware of the "Spot Delivery" Technique, a High-Pressure Sales Tactic Used by Car Dealers. The "spot delivery" is a technique that car dealers use to get you to take delivery of a vehicle immediately after you agree on a car deal.Location: 1508 Willow Lawn Drive, #220, Richmond, 23230, VA
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