The Consumer Protection advocates

Tag Archives: Yoyo scam


A car dealer is often represented as a vermin just waiting for an unsuspecting customer to come along. This occurs as several people suppose that they are always on the prowl for unsuspecting buyers that are not very knowledgeable about cars. This can be unjust as someone can argue that there are car dealers out there who would not cheat just to get an extra profit. How do you tell the diversity? In order not to become a victim of car dealer scams, look at the following tips. Yoyo scam You will be allowed by the dealer to bring the car home as soon as possible. The dealer will …


Car dealer fraud has become very common recently. Here are some ways to avoid becoming a victim of car dealer fraud, look out for the following auto financing scams. Yoyo scam First, the dealer will let you take the car home as soon as possible  promising to take care of the financing. However, a few days later the dealer will contact you and tell you that there was a problem with your financing plan. He will tell you to set up a new financing plan through him that, for sure, will be at a higher cost. Be aware of this car dealer fraud and be prepared to avoid it …