Arbitration Agreement - New Car Purchase

Reply Subscribe

Thread Tools

Search this Thread

04-29-21, 02:10 PM

#61

Zammer

Intermediate

Join Date: Oct 2012

Location: California

Posts: 252

Likes: 23

Received 4 Likes on 4 Posts

Quote:

Originally Posted by SW17LS

The bottom line is if you flat refuse to sign arbitration agreements you’re not going to be able to do business with most companies, and they are becoming more and more common.

It's wise to be cautious in the use of "most," "all," "every" and the like. Are there studies of the matter (whatever it is)? TriC wasn't asked to sign one. Also, perhaps not enough consumers are aware of and/or contest the agreements. Because companies include the clause doesn't make it mandatory. Asking that arbitration clauses be deleted might work, as price bargaining sometimes does. Anecdotes aren't evidence, but for my two Lexi and a BMW predecessor, I had the dealers cross out the clause. I suggested a friend try it when he recently purchased a Toyota, and it worked. .My landlord, when he realized its inclusion was a deal breaker, removed it.

04-29-21, 03:15 PM

#62

bitkahuna

Lexus Fanatic

iTrader: (20)

Join Date: Feb 2001

Location: Present

Posts: 75,106

Likes: 1,500

Received 2,481 Likes on 1,630 Posts

Quote:

Originally Posted by TriC

(To bring this topic full circle) I signed the papers this week for the purchase of a new minivan (details of which may be spelled out in a separate thread). This was done long-distance with an out of state multi-line small town dealer. They sent all the papers FedEx and they were returned the same way. Two things were notable:

1) It was so very nice not to have to sit in a finance office as there was no pitch for an extended warranty or any other such extras; and

2) There was no arbitration agreement presented.

congrats! i did my LC the same way... papers came by fedex, i got them out to go back the same day after i signed them in front a notary. can't remember if there was an arbitration agreement since i didn't care.