New Jersey Four-year Accelerated Registration Program
The MVC implemented the Four-Year Accelerated Registration Program on October 1, 2004, requiring all owners of new passenger vehicles to pay the registration fee in full for the four-year period.
If you have a new leased vehicle you must pay the registration fee for the term of your lease. If your lease agreement extends beyond the normal calendar year expiration period (38-month leases as opposed to 36 months), you are also required to pay for the next full year’s registration period (48 months).
Refunds will not be given for any unused portion of the four-year registration The Four-Year Accelerated Registration Program includes all vehicles purchased for business use unless the equity in an unexpired registration is transferred.
Dealer came back and corrected the registration fee to $168 from $369.
NJ requires new vehicles sold to be registered for 4 years and those leased to be registered for the term of the lease as was my understanding (and posted by @CaptQ )