A mandatory binding arbitration clause in a car loan states you agree to resolve any disputes with an arbitrator rather than the courts. Ask a dealership in advance if they require a mandatory binding arbitration agreement.This EULA contains an arbitration agreement, class action waiver, and jury trial waiver. The New Car, Used Car, Wheelchair, and Farm Equipment Lemon Laws provide a legal remedy for buyers or lessees of new and used cars that turn out to be lemons. What was the price of the car? How much did you pay? We offer competitive rates and flexible terms.