"This is a big victory for the independent automobile industry, California's Buy-Here Pay-Here dealers and their valued customers," said NIADA CEO, Mike Linn. "We are glad that common sense carried the day in California during this legislative session regarding SB 956. Should the issues from this bill surface again next year, we'll be prepared."
NIADA COO, Steve Jordan stated, "Many of us worked hard lobbying against this bill and fighting for its veto. We are proud of the efforts put forth by our dealers, our state association leaders in California and NIADA's Coalition to "Protect Our Freedom to Drive." This would not have happened without the combined efforts of the industry's stakeholders working together nationally and in CA, marshaling our resources and making our collective voice heard on behalf of our dealers and their customers."
Two other BHPH bills, AB 1447 and AB 1534, were signed into law and will go into effect January 1, 2103.
- AB 1447 will require BHPH dealers to provide consumer disclosures when using GPS and/or starter interrupt devices and a 30 day, 1000 mile limited warranty on every vehicle sold.
- AB 1534 will require BHPH dealers to disclose the "fair-market" value for each vehicle advertised for sale.