What was the price of the car? How much did you pay?The American Arbitration Association® ("AAA®," "the Association") applies the Consumer Arbitration Rules ("Rules") to arbitration clauses in agreements. A mandatory binding arbitration clause in a car loan states you agree to resolve any disputes with an arbitrator rather than the courts. 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. Non-binding consumer arbitrations arising out of that arbitration agreement if the business declines to pay the review and Registry fee . Almost all consumer contracts contain arbitration agreements. If you look carefully they are there, in force: cars, boats, TV's, software and credit cards. CAR mediation and arbitration provisions are designed to promote efficient and cost-effective resolution of disputes in real estate transactions. The Arbitrator(s) will review both sides and make a decision after review.