The Used Car Buyers Bill of Rights is designed to enhance consumer protection for individuals purchasing used motor vehicles in New Jersey. The bill prohibits dealers from selling used vehicles under misleading terms, such as "certified," if they are aware of issues like odometer discrepancies or prior damage. It also mandates that dealers provide a contract cancellation option for vehicles priced under $40,000, allowing consumers to return the vehicle without cause within a specified timeframe. Additionally, the bill clarifies warranty requirements for used vehicles, ensuring minimum durations based on mileage and requiring written warranties, while also establishing penalties for non-compliance.

Key amendments include the exclusion of certain used vehicles from warranty requirements, specifically those sold for less than $3,000, those over seven model years old, and those with over 125,000 miles. The bill also repeals a previous section of law and introduces stricter penalties for unlawful practices under the consumer fraud act, including monetary fines and potential cease and desist orders. Overall, the legislation aims to provide greater transparency and security for consumers in the used car market, emphasizing the importance of clear disclosures and accountability from dealers.

Statutes affected:
Introduced: 56:8-68, 56:8-69, 56:8-74, 56:8-76, 56:8-73