Washington 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

If you cancel within the first ten days after purchase and you do not make a claim, you must receive a full refund. After 10 days but not more than thirty days, you must be refunded the full amount minus a cancellation fee up to $25.00 if no claim has been made.

Washington state has no "cooling off period" during which a customer can renege on an agreement to purchase a car, according to the state's Department of Licensing. Contracts to buy vehicles in the state apply the moment the customer signs the agreement unless otherwise specified in the contract.

The law allows buyers to cancel within seven business days of signing a contract. This law does not cover purchasing a franchise, which falls under the Franchise Investment Protection Law (RCW 19.100).

The law allows buyers to cancel within seven business days of signing a contract. This law does not cover purchasing a franchise, which falls under the Franchise Investment Protection Law (RCW 19.100).

The Act states the car must be of a satisfactory quality, fit for purpose and as described. (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.

If you have taken possession of the car, you must promptly return it. After a deal is agreed upon and the contract signed, if you are contacted by the dealer saying they now need a larger down payment or higher monthly payments, you are not required to accept these new terms.

Implied WarrantyWashington consumers have a right to trust that any purchased vehicle will be reasonably safe, efficient and comfortable.If a customer has major problems with the vehicle, then the dealer may be obligated to meet the customer's request for repairs or repayment of the purchase price.More items...

If you cancel within the first ten days after purchase and you do not make a claim, you must receive a full refund. After 10 days but not more than thirty days, you must be refunded the full amount minus a cancellation fee up to $25.00 if no claim has been made.

If you cancel within the first ten days after purchase and you do not make a claim, you must receive a full refund. After 10 days but not more than thirty days, you must be refunded the full amount minus a cancellation fee up to $25.00 if no claim has been made.

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Washington Arbitration Agreement for Car Purchase