Meanwhile, documents show that Greenway had already sold their trade-in vehicle and didn't give it back. All this is especially relevant right now, as the Federal Trade Commission is in the midst of drafting new rules for dealers. NPR has found that this happens regularly around the country - sometimes with painful consequences, such as losing your car or even getting arrested - and that tougher rules for car dealers can make a difference. It often asserts that if the car dealer has trouble with the financing on its end after the sale, it can later cancel the deal, try to get you to agree to different terms, and take the car back if you refuse. But odds are good that in the paperwork you signed when you bought your own car, there was some legal language saying the sale may not really be final. 'I thought this was a legally binding contract.
The manager told them the financing for the car had fallen through and if the couple wanted to keep it, they had to come back and sign a contract with different terms. 'I received a phone call from the finance manager of the dealership,' Darren Johnson says.
'It had the backup camera,' she says, 'and passenger and kid's airbags in the back.'īut a full three weeks after they bought the car and took it home, they got what's called 'yo-yo'd.'
