New Jersey Passes Ban on Predatory Pet Leasing
Update—August 10, 2019: Amazing news, advocates! Governor Murphy has signed this bill into law, making New Jersey the seventh state to ban pet leasing. Thank you to everyone who spoke up in support of this important bipartisan bill to protect New Jersey’s animals and consumers.
S.3531 will finally end New Jersey pet stores’ inhumane practice of teaming up with private lenders to offer shoppers the option to “lease” a new puppy. These agreements allow the consumer to make monthly payments over a fixed period, but at a steep price. Purchasers find themselves saddled with hidden fees, high buyout payments and high interest rates.
Even after paying thousands of dollars, consumers can still lose their pets if they miss payments or are unable to buy out their contracts at the end of their leases. The animals could be repossessed as if they were used cars.