Auto Purchase & Auto Parts Class Action Settlement: $100+ Per Person

There’s a huge auto purchase & auto parts class action settlement against several manufacturers for being part of a price-fixing scheme. If you bought a new auto, leased one, or bought car parts between 1995 to 2018, you may be eligible for a $100+ pay out.

What are the details of the settlement?

Auto Settlement FAQ

Several car parts manufacturers have agreed to settle an auto parts class action lawsuit for $1.2 billion dollars. The defendants are companies you probably have never heard of, but it’s very likely you’ve bought parts from them indirectly when buying/leasing a new car or changing parts in your car during a repair.

The list of parts and its associated car make and model can be found here and here.

This lawsuit has gone through three different rounds of payments already (Round 1 Settlement, Round 2 Settlement, and Round 3 Settlement). If you file now (Round 4), you’ll still get all the benefits of the last 3 rounds:

Check Your Eligibility and File A Claim

Ninja Update: The deadline to file has been extended to June 18, 2020.

“You may be included if, at any time between 1995 and 2018, depending upon the component part, you: (1) bought or leased a qualifying new vehicle in the U.S. (not for resale) or (2) indirectly purchased a qualifying vehicle replacement part (not for resale). Indirectly means you bought the vehicle replacement part from someone other than the manufacturer of the part. In general, qualifying vehicles are four-wheeled passenger automobiles, cars, light trucks, pickup trucks, crossovers, vans, mini-vans, and sport utility vehicles.”

How much will they pay me?

You’ll get at least $100, and possibly more depending on how many people join the class action settlement.

How do I file a claim?

I put the direct link earlier, but you can go here and file. Once you enter, click on the big red box that says “File a Claim”:

Important Dates

Here are the milestone dates for you to be aware of:

  • 1995 to 2018 – years where the price-fixing took place
  • March 16, 2020 June 18, 2020 – last day to file a claim

Related:

The Bottom Line

Although it’s an auto parts class action settlement, I think just about everyone qualifies for this lawsuit. You most likely went to a repair shop to fix something involving an auto part, but even if you didn’t, the lawsuit includes people who bought a new car or leased one during the 1995 to 2018 time period.

This isn’t as easy as other class action settlements, but it’s still a breeze… and it’s $100. You’ll need your car’s VIN number among other documentation if you purchased or leased.

About John Pham

John Pham is a personal finance expert, serial entrepreneur, and founder of The Money Ninja. He has also been fortunate enough to have appeared in the New York Times, Boston Globe, and U.S. News & World Report. John has a B.S. in Entrepreneurship and a Masters in Business Administration, both from the University of New Hampshire.

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Brenda Aiken
Brenda Aiken
3 years ago

Isn’t this already settled? When do we get paid?

Ricky Dukes
Ricky Dukes
3 years ago

Wnen do pay out

keishatoombs
keishatoombs
4 years ago

lol, this is like the fourth extension already

Mary Anne Wilkins
Mary Anne Wilkins
4 years ago

What do you do if you didn’t know about this till April 2020? My late husband and I purchased three new vehicles during the applicable time period.

Matthew
Matthew
4 years ago

In for round 4. Thanks.