Washington Business Daily

Did you sign an arbitration agreement when you bought your new car?

My credit union said not to sign this agreement. They said when you are looking to buy a car, ask them if you have to sign an arbitration agreement. If you do, go to another dealer. Will all car dealers eventually make you sign an arbitration agreement?

Public Comments

1. No, not all dealers have these. And usually if you refuse, they will still sell you the car. Do you usually worry so much about such tiny details in life?
2. All that agreement does is let you know your rights and the lemon laws. Most manufacturers are required to have you sign this by Federal law. It just states your rights and your right to an arbitation in case there is an issue with your vehicle. This is standard procedure.
3. The previous poster is largely incorrect. The agreement your bank is telling you not to sign says that you are not allowed to sue the dealer if your car explodes. This is designed to screw you over and shield THE DEALER from lemon laws, not tell you your rights. Always refuse them!