Kasey and Green Light Auto Credit did a fantastic job in helping us a great car!
When a dealer approves a customer for a car loan and they drive it off the lot, you might think the deal is done. However, if the dealer contacts the customer days later and says they don’t meet the loan requirements, that’s known as yo-yo financing. The buyer will then be forced to pay a higher interest rate in order to keep the car. Find out more about yo-yo financing and how you can avoid getting scammed.
If you’re in the market for a new or used car, you’ll want to take these steps to make sure you don’t end up with yo-yo financing:
At Green Light Auto Credit, we work with a wide variety of lenders to get you the best interest rate possible, and we don’t stoop to the kind of underhanded loan tactics that other financing providers do. Contact us to learn how you can avoid getting scammed on auto loans.