La. Admin. Code tit. 46 § V-743

Current through Register Vol. 50, No. 11, November 20, 2024

Section V-743 - Lease Advertisements

A. Vehicle lease advertisements shall clearly and conspicuously disclose that the advertisement is for the lease of a vehicle. Statements such as "alternative financing plan," "drive away for $_______ per month," or other terms or phrases that do not use the term "lease," do not constitute adequate disclosure of a lease. Lease advertisements shall not contain the phrase "no down payment" or words of similar import if any outlay of money is required to be paid by the customer to lease the vehicle. Lease terms that are not available to the general public shall not be included in advertisements directed at the general public, or all limitations and qualifications applicable to qualified buyers to the lease terms advertised shall be clearly and conspicuously disclosed.

La. Admin. Code tit. 46, § V-743

Promulgated by the Office of the Governor, Motor Vehicle Commission, LR 34:78 (January 2008).

AUTHORITY NOTE: Promulgated in accordance with R.S. 32:1253.E.