…appeals court sent the issue back up the chain because of the business name aspect. “Since this claim [the use of the name “Taylor Kia of Lima”] does not fall within the scope of the arbitration agreement…
Bravo. What an interesting way to anull arbitration… now I wonder how this could play with online services’ arbitration agreements…
i had to look up this “yo-yo scam” thing.
Documents from a later arbitration case show that the dealership wouldn’t return their calls. And it didn’t pay off the loan on their trade-in vehicle. So the Johnsons were stuck paying the loan, with no car, for nearly a year. They eventually used a chunk of their small retirement savings to pay the loan back.
suddenly that short burst of videos of people plowing cars into dealerships starts to have some possible context
So basically US car dealerships are scams?
Because of course.
Only in America, USA! USA! USA!
Most of them are “just” a racket. They’re pointless middlemen who raise prices, but they generate sales tax so governments mandate their presence.
That being said they’re greasy as hell and deserve every bit of ire they receive. It is a very uniquely scummy business.
I was completely confused why would a dealer release a car before they got financials approved. Then I read about the yo-yo scam. In my country under no circumstances you will get the car, without prior financial approval. America is weird.
The freedom to fuck over your fellow Americans shall not be infringed.
From what I can find online, it is illegal in the US too.
It’s all about debt traps and fantasies here.
Often they are not mutually exclusive.
Exactly my thoughts. Article doesn’t actually say if she put a down payment for the car and if she lost the down payment.
The customer is a Fae
It’s insane the yo-yo scam is still legal. I hope the customer keeps the name after the lawsuit fucks up these predators.
It’s not legal; it’s fraud. But, the law has to be enforced to matter.
That’s absolutely wild. They took her car so she took their name.
That is one hell of a bargaining chip on the dealer.
The dealer now has an expensive dilemma: rebrand, offer to purchase the name, or lease the name back. Any choice they make will cost them.
If I was her I would get an estimate on how much rebranding would cost them and offer them a yearly lease at 1:20th of the cost. Sign a 5 year lease then up it by 50% every 5 years until they have to rebrand.
Say it would cost them 1 million to rebrand. First five years 50K/year next 5 years $75K etc. the object is to string them along while extracting a steady cash flow that initially seems easy to reach. She could probably get 30 years of payments out of them netting over 5 million and still fuck them over in the end forcing them to rebrand.
But I am vengeful that way.
Yes, they should settle with her by purchasing the name from her, which will cover her damages. Basically she should get a free car for being smarter than them.
Writes that down
Good ideas 👍
Interesting story. I believe that Kia dealer in “Lie-ma” is going to offer her a free car.
If they decide to go to court over the dealer name, which she now owns, the legal process may turn over stones and shine too much light on them. Dealerships don’t like to do that. Even this “repo” or recovery could be a variation of a “yo-yo” scam, but they’d have to be working with the finance company for that to work in this case, I think. Still a maybe. For now, she’s out a car and if she had a trade-in that’s likely gone too. But I think that will change soon enough. Good on her!
Hey, you said it right. So many people pronounce it Lee-ma, like Lima, Puru. But it’s really pronounced Lie-ma.
I get you probably meant it as a joke, but still… And of course, a joke someone might learn something from, well, that joke just became 10% better. Or was ruined completely. It can go either way… But it is Lima (Lie-ma), Ohio.
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If I had seen the printed name I would use the Peruvian pronunciation not knowing any better. I got the correct one from the article and given the topic felt it was a playful and appropriate tweak of the spelling so others might know too.
Lima like the bean?
Lima. Like Lima ass down and take a nap.
Meco, you need to get up now. You’ve been sleeping for hours. I made Lima beans…
It’s pronounced Lima.
Just like it’s spelled.
Yup, like the bean.
Fuckin touche salesman
This is funny as hell.
Fuck dealerships
They got married?
Got eem
The old switcheroo!
