Exhibit 10.2 HOMETOWN AUTO RETAILERS, INC. C/O MORSE, ZELNICK, ROSE & LANDER, LLP 450 PARK AVENUE NEW YORK, N.Y. 10022 (212) 838-1177 July 8, 1998 Brattleboro Chrysler Plymouth Dodge, Inc. P.O. Box 8068 North Brattleboro, VT 05304 Attention: Philip Price, President Gentlemen: Hometown Auto Retailers, Inc. ("Purchaser") is party to an acquisition agreement with Brattleboro Chrysler Plymouth Dodge, Inc. ("Seller") dated July 2, 1997, as previously amended (the "Agreement"). The Agreement is hereby further amended as follows: The last sentence of Section 9 of the Agreement is modified by deleting the date "July 15, 1998" and substituting in its place "July 31, 1998". The Agreement, as modified by this amendment, is hereby ratified and reaffirmed. Very truly yours, HOMETOWN AUTO RETAILERS, INC. by:___________________________ JOSEPH SHAKER, PRESIDENT ACCEPTED AND AGREED TO THIS 8TH DAY OF JULY, 1998 BRATTLEBORO CHRYSLER PLYMOUTH DODGE, INC. BY: /s/ PHILIP PRICE ----------------------------- PHILIP PRICE, PRESIDENT SHAREHOLDERS CONSENT: /s/ PHILIP PRICE - -------------------------------- PHILIP PRICE