Common Sense Forced on New York
08-05-2005, 04:08 PM
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Common Sense Forced on New York
Most folks dont know it, but thanks to the NY State Legislature's fealty to ambulance chasers, most car companies did not permit leasing in NY State.
Reason is the "Vicarious Liability Law," which actually dates back to 1924 and was passed so owners of taxi fleets would not escape the ability to be sued for accidents their cars were involved in.
It didnt take long for the lawyers to extend that to leased vehicles, so if you were drunk in a Ford and killed someone, Ford was, by extension, legally vulnerable.
All the other 49 states passed laws amending the law so this could not happen- except New York.
The Federal Highway bill just passed includes the "Gates Amendment" which overules the NY law. The President will surely sign it.
Leasing will be allowed shortly, and Mercedes just announced lower acquisition fees are immediately in force thanks to the change in the law.
Score one against the special interests. You will soon be able to lease a Mazda in NY again.
Reason is the "Vicarious Liability Law," which actually dates back to 1924 and was passed so owners of taxi fleets would not escape the ability to be sued for accidents their cars were involved in.
It didnt take long for the lawyers to extend that to leased vehicles, so if you were drunk in a Ford and killed someone, Ford was, by extension, legally vulnerable.
All the other 49 states passed laws amending the law so this could not happen- except New York.
The Federal Highway bill just passed includes the "Gates Amendment" which overules the NY law. The President will surely sign it.
Leasing will be allowed shortly, and Mercedes just announced lower acquisition fees are immediately in force thanks to the change in the law.
Score one against the special interests. You will soon be able to lease a Mazda in NY again.
08-06-2005, 06:17 PM
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Newsday.com
CONGRESS' GIFT TO NY
A state law that discourages auto leasing is throttled in Washington
August 6, 2005
State consumers have a Missouri Republican to thank for fixing an egregious legal abuse - long protected by New York Democrats - that prompted many auto dealers and financing firms either to stop leasing cars in New York or to charge significantly more for the transaction.
Known as "vicarious liability," the New York law allowed accident victims to sue the car's owner - such as a leasing company - even if the owner had nothing to do with the incident. The law was exploited by attorneys to help drivers or pedestrians win, from leasing companies, compensation for their injuries when they were victims of a driver who had with little or no insurance or other assets.
Banks and car dealers were targeted as "deep pockets" but apparently they weren't bottomless ones - not when the claims began to affect their bottom line. The result was to drive up costs for these industries. And while Assembly Democrats always contended that the banks and dealers were bluffing, in the past year or so many began shutting down their car leasing operations.
Although this page is skeptical of some proposed reforms to the legal system that are mainly sops to special interests, ending New York's vicarious liability was long overdue.
Clearly, the annual clash over the law in Albany and its resolution in Washington pitted rich and powerful special interests against one another. Assembly Democrats backed (and were backed by) trial lawyers while U.S. Rep. Sam Graves (R-Mo.) supported the banking and auto industries.
The way Graves throttled vicarious liability was sneaky. It represented the worst of the way lawmakers slip provisions into the bowels of larger complex bills. In fact, Graves quietly inserted the vicarious liability provision deep within the hundreds of pages that made up the recently approved transportation spending act. Most New York lawmakers and lobbyists didn't even know it was there. Kudos to the state's Republican Congress members who voted for it: The measure passed narrowly, primarily along party lines.
But Graves and opponents of vicarious liability - including the Republican Senate, Gov. George Pataki and the Automobile Club of Greater New York - were right. And this time, in the fight between the Big Boys, consumers won. Once President George Bush signs it, more leases and less expensive ones should be available to New Yorkers soon.
Copyright 2005 Newsday Inc.
CONGRESS' GIFT TO NY
A state law that discourages auto leasing is throttled in Washington
August 6, 2005
State consumers have a Missouri Republican to thank for fixing an egregious legal abuse - long protected by New York Democrats - that prompted many auto dealers and financing firms either to stop leasing cars in New York or to charge significantly more for the transaction.
Known as "vicarious liability," the New York law allowed accident victims to sue the car's owner - such as a leasing company - even if the owner had nothing to do with the incident. The law was exploited by attorneys to help drivers or pedestrians win, from leasing companies, compensation for their injuries when they were victims of a driver who had with little or no insurance or other assets.
Banks and car dealers were targeted as "deep pockets" but apparently they weren't bottomless ones - not when the claims began to affect their bottom line. The result was to drive up costs for these industries. And while Assembly Democrats always contended that the banks and dealers were bluffing, in the past year or so many began shutting down their car leasing operations.
Although this page is skeptical of some proposed reforms to the legal system that are mainly sops to special interests, ending New York's vicarious liability was long overdue.
Clearly, the annual clash over the law in Albany and its resolution in Washington pitted rich and powerful special interests against one another. Assembly Democrats backed (and were backed by) trial lawyers while U.S. Rep. Sam Graves (R-Mo.) supported the banking and auto industries.
The way Graves throttled vicarious liability was sneaky. It represented the worst of the way lawmakers slip provisions into the bowels of larger complex bills. In fact, Graves quietly inserted the vicarious liability provision deep within the hundreds of pages that made up the recently approved transportation spending act. Most New York lawmakers and lobbyists didn't even know it was there. Kudos to the state's Republican Congress members who voted for it: The measure passed narrowly, primarily along party lines.
But Graves and opponents of vicarious liability - including the Republican Senate, Gov. George Pataki and the Automobile Club of Greater New York - were right. And this time, in the fight between the Big Boys, consumers won. Once President George Bush signs it, more leases and less expensive ones should be available to New Yorkers soon.
Copyright 2005 Newsday Inc.
08-06-2005, 08:39 PM
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Can we get this Graves guy to slip something in the Mazda corporate documents for us too? Perhaps something about 'caring for the customer' or maybe even 'annual NAV system disc updates'
Originally Posted by MP3Guy
Newsday.com
CONGRESS' GIFT TO NY
A state law that discourages auto leasing is throttled in Washington
August 6, 2005
State consumers have a Missouri Republican to thank for fixing an egregious legal abuse - long protected by New York Democrats - that prompted many auto dealers and financing firms either to stop leasing cars in New York or to charge significantly more for the transaction.
Known as "vicarious liability," the New York law allowed accident victims to sue the car's owner - such as a leasing company - even if the owner had nothing to do with the incident. The law was exploited by attorneys to help drivers or pedestrians win, from leasing companies, compensation for their injuries when they were victims of a driver who had with little or no insurance or other assets.
Banks and car dealers were targeted as "deep pockets" but apparently they weren't bottomless ones - not when the claims began to affect their bottom line. The result was to drive up costs for these industries. And while Assembly Democrats always contended that the banks and dealers were bluffing, in the past year or so many began shutting down their car leasing operations.
Although this page is skeptical of some proposed reforms to the legal system that are mainly sops to special interests, ending New York's vicarious liability was long overdue.
Clearly, the annual clash over the law in Albany and its resolution in Washington pitted rich and powerful special interests against one another. Assembly Democrats backed (and were backed by) trial lawyers while U.S. Rep. Sam Graves (R-Mo.) supported the banking and auto industries.
The way Graves throttled vicarious liability was sneaky. It represented the worst of the way lawmakers slip provisions into the bowels of larger complex bills. In fact, Graves quietly inserted the vicarious liability provision deep within the hundreds of pages that made up the recently approved transportation spending act. Most New York lawmakers and lobbyists didn't even know it was there. Kudos to the state's Republican Congress members who voted for it: The measure passed narrowly, primarily along party lines.
But Graves and opponents of vicarious liability - including the Republican Senate, Gov. George Pataki and the Automobile Club of Greater New York - were right. And this time, in the fight between the Big Boys, consumers won. Once President George Bush signs it, more leases and less expensive ones should be available to New Yorkers soon.
Copyright 2005 Newsday Inc.
CONGRESS' GIFT TO NY
A state law that discourages auto leasing is throttled in Washington
August 6, 2005
State consumers have a Missouri Republican to thank for fixing an egregious legal abuse - long protected by New York Democrats - that prompted many auto dealers and financing firms either to stop leasing cars in New York or to charge significantly more for the transaction.
Known as "vicarious liability," the New York law allowed accident victims to sue the car's owner - such as a leasing company - even if the owner had nothing to do with the incident. The law was exploited by attorneys to help drivers or pedestrians win, from leasing companies, compensation for their injuries when they were victims of a driver who had with little or no insurance or other assets.
Banks and car dealers were targeted as "deep pockets" but apparently they weren't bottomless ones - not when the claims began to affect their bottom line. The result was to drive up costs for these industries. And while Assembly Democrats always contended that the banks and dealers were bluffing, in the past year or so many began shutting down their car leasing operations.
Although this page is skeptical of some proposed reforms to the legal system that are mainly sops to special interests, ending New York's vicarious liability was long overdue.
Clearly, the annual clash over the law in Albany and its resolution in Washington pitted rich and powerful special interests against one another. Assembly Democrats backed (and were backed by) trial lawyers while U.S. Rep. Sam Graves (R-Mo.) supported the banking and auto industries.
The way Graves throttled vicarious liability was sneaky. It represented the worst of the way lawmakers slip provisions into the bowels of larger complex bills. In fact, Graves quietly inserted the vicarious liability provision deep within the hundreds of pages that made up the recently approved transportation spending act. Most New York lawmakers and lobbyists didn't even know it was there. Kudos to the state's Republican Congress members who voted for it: The measure passed narrowly, primarily along party lines.
But Graves and opponents of vicarious liability - including the Republican Senate, Gov. George Pataki and the Automobile Club of Greater New York - were right. And this time, in the fight between the Big Boys, consumers won. Once President George Bush signs it, more leases and less expensive ones should be available to New Yorkers soon.
Copyright 2005 Newsday Inc.
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