arbitration agreement
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From: Longwood, Fl
arbitration agreement
I did a search and didnt see anything lately about the arbitration clauses-----thought I saw a thread with some questions somewhere, but cant find it!
Just bought an 07 Expy EL "preowned" AKA used!! 15.5k. During the mountain of paperwork, they wanted us to sign an agreement that was submitting to arbitration. I didnt like the wording, because it sounded if the buyer won a judgement (court) the dealer could refer to binding arbitration in lieu of the judgement.
I said that I was uncomfortable with the wording of the doc, and did not wish to sign. I asked if that would prevent any deal, and they said no, so we completed the deal.
Any thoughts or experience on this? I know there are threads on arbitration for various reasons. Did I "git er done"!!!
Now I get to spend any spare time (I have none) reading the Expy posts--!
Just bought an 07 Expy EL "preowned" AKA used!! 15.5k. During the mountain of paperwork, they wanted us to sign an agreement that was submitting to arbitration. I didnt like the wording, because it sounded if the buyer won a judgement (court) the dealer could refer to binding arbitration in lieu of the judgement.
I said that I was uncomfortable with the wording of the doc, and did not wish to sign. I asked if that would prevent any deal, and they said no, so we completed the deal.
Any thoughts or experience on this? I know there are threads on arbitration for various reasons. Did I "git er done"!!!
Now I get to spend any spare time (I have none) reading the Expy posts--!
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Posting Guru
Joined: Oct 2005
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From: Longwood, Fl
arbitration
I would have expected an arbitration clause, but this appeared to be more.
One paragraph in particular caught my eye. Without further analyzation, it appeared to say that even if you went into a court and won a judgment, you would be bound to surrender that judgment for arbitration. I did not see any release from an arbitration ruling, even if you won a subsequent court judgement.
Anyway, its moot now, I have the Expy, they have my money, and the deal was closed without that paper. Now all I have to do is work around those emblems, TSB's, lower seat cover wear issues, and possible tranny shift issues. So far I have none of those issues----well except for one corner of the "Expedition" door emblems appears to be pulling loose from the adhesive backing a little.
I did pull the "Oasis" report, nothing much there, they did replace the drivers lower seat upholstery apparently and a minor appearing switch or latch thing. Also didnt see much in the way of TSB's or recalls.
Looking forward to some driving time in it, but the house Frau may not let me use it to haul that greasy 400 to the shop for the 434 TMI kit------no sense of humor
One paragraph in particular caught my eye. Without further analyzation, it appeared to say that even if you went into a court and won a judgment, you would be bound to surrender that judgment for arbitration. I did not see any release from an arbitration ruling, even if you won a subsequent court judgement.
Anyway, its moot now, I have the Expy, they have my money, and the deal was closed without that paper. Now all I have to do is work around those emblems, TSB's, lower seat cover wear issues, and possible tranny shift issues. So far I have none of those issues----well except for one corner of the "Expedition" door emblems appears to be pulling loose from the adhesive backing a little.
I did pull the "Oasis" report, nothing much there, they did replace the drivers lower seat upholstery apparently and a minor appearing switch or latch thing. Also didnt see much in the way of TSB's or recalls.
Looking forward to some driving time in it, but the house Frau may not let me use it to haul that greasy 400 to the shop for the 434 TMI kit------no sense of humor
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Joined: Sep 2004
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That wording isn't uncommon in Florida. We have a unusual number of scum bags in this state but believe it or not the state does a great job of protecting car buyers. I would agree about not signing it but one never knows these days who you are dealing with. But I have seen that wording before.
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Feetfxr
1997 - 2006 Expedition & Navigator
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Aug 26, 2003 09:18 AM
