New York: Governor Cuomo Signs Bill Banning Predatory Pet-Leasing Schemes!
Update—September 24, 2018: We have great news to report! Governor Cuomo signed S.7415-C/ A.10082-B, the bill to ban puppy leasing. Thank you to everyone who spoke up on this important issue.
Puppies sold in pet stores and online—most of whom are sourced from puppy mills— are often accompanied by soaring sticker prices. To take the sting out of the high cost, pet sellers team up with private lending companies that offer leasing plans. These agreements allow the consumer to make monthly payments over a fixed period, but charge outrageously high fees and require consumers to buy out their leases at the end in order to keep their pets. These deceptive, predatory financing arrangements benefit only the lending company and the pet seller—not the consumer, and certainly not the animal involved.
Consumers can lose their leased pets if they miss payments or are unable to buy out their contracts at the end of their leases. The animals are repossessed as if they were used cars.
A bill pending in New York State would address this by prohibiting pet stores from offering these predatory leasing or lending agreements to consumers.