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 or offering used vehicles under misleading terms, such as "certified," if they are aware of issues like odometer discrepancies or prior damage. It mandates that dealers provide a contract cancellation option, allowing consumers to return the vehicle without cause within a specified timeframe, with exceptions for high-value or salvaged vehicles. Additionally, the bill outlines requirements for the cancellation option agreement, including fees, mileage limits, and the return process.

Key amendments to existing law include the exclusion of certain used vehicles from warranty requirements, such as those sold for less than $3,000, those over seven model years old, and those with over 125,000 miles. The bill also 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 create a more transparent and fair marketplace for used car buyers, ensuring they are well-informed about the vehicles they purchase and their rights as consumers.

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