NY Nissan Dealers to Repay $3.2M to 1,700 Lessees

May. 9, 2025 | |

More than 1,700 New Yorkers who bought out leases arranged at eight Nissan dealerships will get a share of a $3.2 million settlement the dealers reached with New York Attorney General Letitia James.

A statement from the AG’s office says an investigation determined the customers were overcharged when they bought out their leases, which limit the cost to the vehicle’s residual value, any unpaid payments, a $300 purchase option fee, inspection and state-mandated taxes and fees.

The accused dealers did not admit to wrongdoing as part of the agreement, which includes $2.8 million in restitution and $400,000 in penalties.

“These car dealers misled their customers with bogus fees and other costs to cheat them out of their hard-earned money. My office’s investigation will put money back in the pockets of defrauded New Yorkers and require these dealers to steer clear of violating our laws and deceiving consumers,” James writes, in part, in the release.

Read more at AG.NY.gov