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https://www.edmunds.com/car-loan/dont-fall-prey-to-spot-delivery-scams-and-yo-yo-financing.html
The yo-yo ploy is a byproduct of the "spot delivery" process, in which cars are sold "on the spot" before the financing is complete. Depending on where you live, there might be laws to protect ...
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
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 credit application, is told her credit is marginal, then signs up to twenty documents prepared by the dealer.
https://www.lemonlaw.com/spotdelivery.html
The industry has given it a name: Spot Delivery, a description which refers to the dealer placing a consumer in a car "on the spot," to get the sale, only to "yo-yo" them back at a later date for additional funds. Played to perfection, a dealer can reap thousands of dollars in unearned fraudulent gain. What You Should Know About Spot DeliveryEmployees: 100-500
https://www.liveabout.com/what-is-the-spot-delivery-532744
Jul 27, 2018 · This is a classic swindle called the spot delivery scam, also known as yo-yo financing. How the spot delivery scam works . Spot delivery is most commonly used on inexperienced buyers or those with bad credit. The dealer negotiates a reasonable deal and lets you take delivery of the car "on the spot," before the financing is finalized. Some ...Author: Aaron Gold
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 …
https://www.fraudguides.com/cars/spot-delivery-scam/
Spot Delivery or Yo Yo Financing is a very common car dealership scam designed to ripoff people with bad credit by convincing them to drive off in cars without finalizing their loans. This is a very common car dealership scam designed to ripoff people with bad …
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, …
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