What's happening
This bill prohibits motor vehicle dealers from advertising lease specials limited to only a few in-stock vehicles meeting advertised specifications.
Why it matters
Aims to increase transparency and fairness in automotive lease advertising. dealers will be required to honor advertised lease deals for all in-stock vehicles that meet the ad’s specifications, not just for a select few.
Helps consumers avoid bait-and-switch tactics. by ensuring that advertised deals are broadly available, shoppers are less likely to be lured to dealerships by offers that only apply to a very limited inventory.
May lead to broader availability of promotional deals. dealerships will need to ensure they have enough qualifying vehicles to support their advertised specials, potentially improving consumer access to competitive lease terms.
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Who cares
Headline styles
Ban Misleading Lease Ads
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to consumer affairs and protection
- Referred to consumer affairs and protection
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Stop Misleading Lease Ads
In Senate Committee · Consumer Protection · Sponsor Tony Avella
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2867
2017-2018 Regular Sessions
IN ASSEMBLY
January 23, 2017
Introduced by M. of A. DenDEKKER -- read once and referred to the Committee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to prohibiting motor vehicle dealers from advertising lease specials for a limited number of in stock vehicles which meet the advertised vehicle specifications
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The general business law is amended by adding a new section 349-f to read as follows:
§ 349-f. Any advertisement by a motor vehicle dealer advertising the amount of a lease shall apply to all motor vehicles in stock at the time the advertisement was placed which shall meet the specifications of the advertised vehicle. Such advertisement may not be restricted to a limited number of such vehicles which meet the specifications of the advertised vehicle.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01196-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.