What was the price of the car? How much did you pay?A mandatory binding arbitration clause in a car loan states you agree to resolve any disputes with an arbitrator rather than the courts. It states that all claims and disputes must be. Resolved through arbitration in accordance with AAA rules. First, find out if your purchase is eligible for arbitration, then go to your Purchases and select the vehicle you want to arbitrate. Car accident arbitration involves a hearing where you and the insurance company present information about your claim to a neutral person, called an arbitrator. Management will then determine if issue can be arbitrated. : AutoNation Auto Auction is not a party to the contract of the sale. Ask a dealership in advance if they require a mandatory binding arbitration agreement.