Opting out of binding arbitration ???

[Happy1]

I see by the reading material that came with my New Genesis that you can opt out of binding arbitration. If you don't opt out in the first 90 days you are locked into binding arbitration.
I don't know much about the pro's and con's of binding arbitration. Can any of you on the forum give me some advice on this subject as my 90 days are almost over. If I should opt out I don't have much time left. Thanks!

 

[mcginnpm]

I always opt out of binding arbitration.

You can always negotiate arbitration later on, but if you fail to opt out now, your option to pursue other courses of action which may be more favorable to you are gone.

PS - I'm not a lawyer, nor do I play one on TV.

 

[interrex]

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[five cubed skipper]

Absolutely opt out. The entire arbitration process is setup in favor of the party that sets it up and chooses the arbitration venue and rules. They stack the rules against you on purpose. Assume the manufacturer wants to win its case against you...why would it choose a mechanism that was fair to both sides?

If the manufacturer doesn't want to win its case against you, you will settle the problem outside of arbitration. That is, Hyundai will do something that is reasonable and agreeable to both parties to avoid arbitration/court. If you have a dispute that they are not willing to deal with you on short of a third party telling them what to do/pay, you'll almost certainly do better in state court, and it'll probably be cheaper too.