"Used Car Buyers' Bill of Rights"; prohibits certain "as is" sales of used motor vehicles.
The bill introduces contract cancellation options for consumers purchasing used vehicles priced under $40,000, allowing them to return the vehicle without cause within a specified timeframe. This is a significant change in consumer rights, promoting accountability among dealers and creating a more equitable transaction environment. Additionally, the bill enforces strict penalties for non-compliance with these regulations, further incentivizing dealers to adhere to ethical sales practices.
Assembly Bill A1546, dubbed the 'Used Car Buyers' Bill of Rights', seeks to amend and enhance regulations on the sale of used motor vehicles in New Jersey. The bill primarily targets the common practice of selling vehicles under 'as is' conditions, requiring dealers to provide warranties and options for consumers. Dealers will no longer be able to sell used vehicles as 'certified' unless they can guarantee that key vehicle information, such as mileage and condition, is accurate and verifiable. This reform aims to protect consumers from deceptive sales practices that leave them liable for unforeseen repairs and costs associated with defective vehicles.
Notably, the bill has generated discussion regarding its implications for both consumers and dealers. Advocates argue the bill will create a fairer marketplace for consumers by reducing the risks associated with purchasing used vehicles. However, some dealers express concern that the requirements could lead to increased operational burdens and costs, particularly when offering extensive warranties and adhering to the necessary documentation practices. The exclusion of high-value vehicles from some provisions has also been debated, with critics suggesting it could leave certain buyers unprotected.