If you leased a Nissan in New York and bought it at the end of the lease, the state wants to make sure you didn’t get taken for a ride. New York Attorney General Letitia James announced that Nissan Motor Acceptance Company (NMAC) will provide refunds to consumers who were overcharged during lease buyouts, expanding a crackdown that has already returned more than $4.5 million to over 3,100 customers.
The investigation centered on what happened when lessees exercised the purchase option written into their contracts. According to the Attorney General’s office, many Nissan consumers were promised a specific buyout price when they signed their leases. When they returned to purchase the vehicle, however, some dealerships allegedly inflated the price, added unauthorized fees, or bundled extra charges into the transaction.
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