NEW JERSEY HAS THE TOUGHEST LEASING LAWS
New Jersey’s Consumer Protection Leasing Act (“C.P.L.A.”), N.J.S.A. 56:12-60 et seq., established what are perhaps the strongest motor vehicle leasing standards in the nation.
The law ensures greater protection for New Jersey consumers by requiring lessors to disclose detailed information about crucial terms of their leases.
The C.P.L.A. requires the Division of Consumer Affairs (“Consumer Affairs”) to educate consumers about leases. As part of its statutory obligations, Consumer Affairs has prepared this booklet, Please Click the Link Below.
With the help of this booklet, the “Don’t Be Taken For a Ride Guide to Auto Leasing,”
you can determine whether leasing or buying is right for you and, if you do lease, how to ensure that you will negotiate the best possible deal.
If you are considering leasing a vehicle, you should know that…
Why do people lease?
What is a lease?
How often do you purchase a new vehicle?
What can you afford?
Do you put a lot of wear and tear on a car?
Do you understand the effect of trade-ins and down payments?
Should you be on the lookout for special factory-subsidized lease deals?
What is Balloon-Note Financing?
O.K., so you think leasing is a good idea for you…
You must ask yourself two crucial questions.
First, “How does the lessor calculate the monthly payment?” Second, “Can I get a lower monthly rate?”
You can’t answer the second question unless you know the answer to the first. Once you understand how the lessor sets the monthly rate, you can negotiate with the lessor on even footing.
DO NOT TRY TO GO IT ALONE
I AM A CONSUMER ADVOCATE for the GENERAL PUBLIC.
I SPECIALIZE in AUTO LEASING and CAR LEASING, AUTOMOBILE FINANCING and CAR FINANCING, CLOSED END LEASES, BALLOON NOTE FINANCING and more…
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I am a Consumer Advocate for Auto Leasing, Car Leasing and Car Buying, Financing or Paying Cash.