Repurchase Of Leased Vehicles
The New Hampshire lemon law sets out the following amounts that a manufacturer must pay when it repurchases a leased motor vehicle under the lemon law:
To the lessor:
- The lessor’s actual purchase cost, less payments made by the lessee;
- The freight cost, if applicable;
- The cost for dealer- or manufacturer-installed accessories, if applicable;
- Any fee paid to another to obtain the lease; and
- An additional 5% of the lessor’s actual purchase cost, provided instead of any early termination costs.
To the lessee:
- The aggregate deposit, including but not limited to all cash payments and trade-in allowances tendered by the lessee to the lessor under the lease agreement;
- Rental payments previously paid to the lessor by the lessee; and
- Incidental and consequential damages, if applicable;
- Less a reasonable allowance for use.
Upon a decision in favor of the lessee, the lease agreement with the lessor and all contractual obligations are terminated. The lessee is not liable for any further costs or charges to the manufacturer or lessor under the lease agreement. The lessor must release the motor vehicle title to the manufacturer upon payment by the manufacturer of the amounts set out in the lemon law.
The reasonable allowance for use of motor vehicles other than motorcycles is calculated in accordance with the following formula:
| # miles vehicle traveled attributable to use by the consumer up to the date of the first attempt at repairing the vehicle | X | aggregate deposit and rental payments made by the lessee |
| ————————————– | ||
| 100,000 |
For motorcycles, the denominator is 20,000.