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Can a Car Dealer Reposses My Car?

Spot Delivery and Yo-Yo Scams

Many people have never thought that a car dealer could "undo" or "unwind" a credit contract before the first payment is even due.  But this practice is has been around for more than 50 years and continues to plague consumers.

If a car dealer has told you that your credit has fallen through or that they need to unwind the financing, you may be a victim of a spot delivery or yo-yo scam.

Are Spot Deliveries and Yo-Yo Sales Legal In Michigan?

Michigan financing and vehicle title law make it illegal to engage in spot deliveries and yo-yo scams.  Under Michigan law, if a car dealer executes the contract of sale and financing contract, then the deal is done, and the dealer has no right to "unwind" the deal.  The only reasons that a dealer can repossess the vehicle are if the consumer defaults on the contract.  The conditions of default are usually on the back of the installment contract or financing agreement.  But, if you have not missed a payment or defaulted, the car dealer must honor the contract.

, Commissioner Ken Ross

Contact Lyngklip & Associates for a Free Phone or Zoom Consultation

There's no need to fight a crooked car dealer by yourself.  Get the representation of Michigan's wrongful repossession law firm.

Call now -- (248) 208-8864

Lyngklip & Associates Fights Wrongful Repossessions

Even if you were behind on your payments or defaulted on your financing, you still have rights. Finance companies are not allowed to break into your property or use the police to help in the repossession. Call today for a free consultation, (248) 208-8864.


Lyngklip & Associates is committed to answering your questions about wrongful repossession law issues in Michigan.

We offer a free consultation and we’ll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.