New York Arbitration Agreement for Car Purchase

State:
Multi-State
Control #:
US-00416-1-3
Format:
Word; 
Rich Text
Instant download

Description

This arbitration agreement is executed contemporaneously with, and as an Inducement and consideration for, an Installment or sales contract for the purchase of a manufactured home. It provides that all claims or disputes arising out of or relating in any way to the sale, purchase, or occupancy of manufactured home resolved by binding arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. This Agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process. The parties waive any right to a court trial.
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FAQ

Problems with cars bought from dealers (For a used car, satisfactory quality takes into account the car's age and mileage.) You have a right to reject something faulty and you're entitled to a full refund within 30 days of purchase in most cases. After 30 days, you lose the short-term right to reject the goods.

The dealer can choose either to return any car traded-in by you at the time of the sale or lease of the used car (together with a refund of whatever moneys you paid), or, to include in your refund the wholesale value of the car when it was traded-in.

Although the lemon law applies to second hand goods, second hand goods are subjected to different standards, since it is only reasonable to expect new goods to be of better condition than second hand goods.

ARE PRIVATE SALES COVERED? No. If you bought your car from a private individual (rather than from a dealer) you are not protected by the Used Car Lemon Law. You should consult a lawyer for advice as to other possible remedies.

The New York State New Car Lemon Law provides a legal remedy for consumers who are buyers or lessees of new cars and certain "used" cars that turn out to be "lemons." If a car does not conform to the terms of its written warranty and the manufacturer or its authorized agent is unable to repair the car after a

You are entitled to a full refund, less any claims paid, within twenty days of the mailing of the service contract or within ten days if the contract is delivered at the time of sale.

Establishes the automobile sales protection act; provides for a 3 day cooling off period after the purchase of a used car bought at a dealership.

There is no cooling-off period in New York for car purchases. Some dealers may tell you that you have three days to change your mind.

Some car dealerships use 'Sold as Seen' when selling a car at a discounted price, stating that the steep price reduction removes liability after the sale. It's a common occurrence in the used car industry and one of the reasons for its charlatans, crooks and frauds reputation.

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New York Arbitration Agreement for Car Purchase