The "Used Car Buyers' Bill of Rights" is designed to enhance consumer protections for individuals purchasing used motor vehicles in New Jersey. The bill prohibits dealers from selling vehicles under misleading terms, such as "certified," if they are aware of issues like odometer tampering or prior damage. It also 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. The bill outlines the necessary components of the cancellation agreement, including restocking fees and mileage limits, and clarifies dealer responsibilities regarding warranties and disclosures.

Additionally, the bill amends existing laws to establish minimum warranty durations based on vehicle mileage and requires clear written explanations when selling vehicles "as is." It specifies exemptions for certain used vehicles, such as those sold for less than $3,000 or those over seven years old, and eliminates the option for dealers to sell vehicles "as is" for lower prices. The legislation also sets penalties for violations under the consumer fraud act, including monetary fines and potential legal actions by the Attorney General, ultimately aiming to create a more transparent and fair marketplace for used car buyers in New Jersey.

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