Can't afford that $1,000 purebred puppy? Want to pay it off in installments?
New York lawmakers have introduced legislation seeking to ban the option of leasing plans for pets that often come with terms that end up charging people double the animal's cost, with the threat of repossession if they can't keep up with the payments.
The practice has been drawing scrutiny from lawmakers and animal welfare groups since media reports last year highlighted customer complaints against Reno, Nevada-based Wags Lending, which pioneered pet leasing.
Democratic Assemblyman Matthew Titone says his bill would end what he calls a predatory practice that preys on people who cannot always afford a companion animal. If it passes, New York would join Nevada and California with such a ban.