Consider This from NPR How Some Dealerships Use 'Yo-yo Car Sales' To Take Buyers For A Ride
Feb 9, 2023
NPR reporter Chris Arnold investigates the unsettling world of 'yo-yo car sales,' a deceptive practice used by some dealerships. He recounts harrowing tales of consumers caught off-guard, facing sudden changes to their contracts after driving off with their cars. Arnold emphasizes the emotional and legal turmoil these buyers endure and discusses the potential for federal regulations to tackle this troubling trend. Tune in for insights on how to navigate these treacherous waters when buying a vehicle.
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Delay Car Purchase
- Consider holding off on buying a new car if you don't need one right now.
- Prices are currently very high, according to Greg Brannon from AAA.
High Car Prices
- The average price for a new car reached a record high of nearly $50,000 at the end of 2022.
- Used car prices have also significantly increased, making affordable options scarce.
Rising Ownership Costs
- The overall cost of owning a car, including maintenance, continues to increase across the board.
- Ivan Drury from Edmunds notes this affects all vehicles, regardless of whether they are new or used.