New Jersey § 56:10-13

§ 56:10-13.

Within 90 days of the termination, cancellation or nonrenewal of a motor vehicle franchise

as provided for in section 5 of P.L.1971, c. 356 ( C.56:10-5 ), or the termination, cancellation or nonrenewal of a motor vehicle franchise by the motor

vehicle franchisee or by mutual agreement of the motor vehicle franchisee and motor

vehicle franchisor , the motor vehicle franchisor shall repurchase from the motor vehicle franchisee: a. any unused, undamaged and unsold vehicles from current and all prior year inventories with 500 miles or less registered on the odometer, or recreational vehicles

that were acquired from the motor vehicle franchisor within 12 months before the effective

date of the termination , and any unused, undamaged and unsold parts, supplies and accessories, listed in

the franchisor's current price catalog and acquired from the franchisor or a source

approved or recommended by the franchisor at the franchisee's net acquisition cost

therefor, including transportation, delivery and similar charges paid by the franchisee, plus the franchisee's cost of handling, packing, loading and transporting the vehicle inventory, parts, supplies and accessories for return to the franchisor. For the purposes of this subsection, vehicle inventory, parts, supplies and accessories used by the franchisee or its employees

for display, demonstration or other marketing purposes shall be deemed to be unused

or unsold. b. any special tools and signs which were required by the franchisor, at: (1) the franchisee's net acquisition cost if the item was acquired in the 12 months

immediately preceding the effective date of the termination, cancellation or nonrenewal; (2) the greater of the fair market value or 75% of the franchisee's net acquisition

cost if the item was acquired more than 12 but less than 24 months immediately preceding

the effective date of the termination, cancellation or nonrenewal; (3) the greater of the fair market value or 50% of the franchisee's net acquisition

cost if the item was acquired more than 24 but less than 36 months immediately preceding

the effective date of the termination, cancellation or nonrenewal; (4) the greater of the fair market value or 25% of the franchisee's net acquisition

cost if the item was acquired more than 36 but less than 60 months immediately preceding

the effective date of the termination, cancellation or nonrenewal; or (5) the fair market value if the item was acquired more than 60 months immediately

preceding the effective date of the termination, cancellation or nonrenewal; plus

the franchisee's cost of handling, packing, loading and transporting the item for

return to the franchisor. Payment shall be made by the motor vehicle franchisor within 30 days after the date on which the motor vehicle franchisee notifies the motor vehicle franchisor in

writing that the property is available for repurchase . Nothing in this section shall prohibit the franchise from containing provisions in

addition to, but not inconsistent with, those required by this section.