BILL · 1993–94 SESSION · LATEST VERSION SSB 5121

SB 5121: Auto purchase/lease cost

Requiring disclosure to consumers of relative costs of leasing and purchasing automobiles.

Summary

  • Motor vehicle leases are distinguished from other consumer leases and a lessor is required to disclose in a lease with option to purchase a comparison between the lease purchase and a purchase. The capitated cost and equivalent interest rates for motor vehicles must be disclosed as well as any trade-in vehicle sales tax credit.

From the Senate Bill Report (SB 5121), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 13, 1993
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Adam Smith (D-33)
Introduced
January 13, 1993 in the Senate
Last action
March 11, 1994
Versions
SB 5121, SSB 5121

Sponsors

Prime sponsor: Adam Smith (D-33)

2 co-sponsors (2 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5121 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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