I bought a used car and got ripped off

You need to review the contract you signed when you purchased the car. If the warranty was included in the documents and the total purchase price matches the amount the bank financed, you are legally bound by it. I'm sorry, but that is why you should always read through documents before signing them. However, even if you agreed to it when you signed the paperwork, you are not stuck having to pay the amount of the warranty to the financing bank. Included with the paperwork that you signed will be a separate contract for the warranty on the vehicle. Read the fine print on that contract, because it will tell you what you need to do to cancel the warranty coverage. It will probably be something along the lines of taking your paperwork to the dealer's financing department and having them process the cancellation for you. Once the warranty is canceled, the refund amount will be sent directly to the financing bank and applied to the balance of your loan. It'll bring your principal amount down, but your payments will remain the same. You may not get the full price of the warranty refunded. They allow a certain amount of time for a full refund, which will be specified on the warranty contract. It may be as short as 30 days. I tried to find our extended warranty contract to verify that, but I'm not sure where it's gotten off to. Anyway, if you're outside of the allowed period, the refund will be prorated for the remaining term of the warranty. The warranty contract should explain how the prorating works. If I were you I would also double check to make sure you have a document titled "GAP Addendum" or something similar to that in with your paperwork. If you don't, they may not have given you the GAP protection you asked for.

What little I know about the law is that you are stuck since you signed it. Your signature is gold. You can report them to the BBB but since you signed it you will have a difficult time proving that they were guilty of wrongdoing. My dad purchased an extended warranty for my car to "take care of" his little girl. I have just now paid enough on the initial loan to pay that and nothing has come off the car which means I am still upside down on the loan after two years. I could appreciate those who do business honestly, if I could find one....somewhere....

Call the BBB and the banks, notify your local news station and tell them about it. Most TV news station have investigative reporters now a days. I bet you will get your money back then.

It kind of goes without saying that if you don't read what your are signing then expect to get ripped off Caveat emptor, as the saying goes all the best, urban

Man, I am afraid you are stuck, for sure. This happens a LOT, and I have never heard of anyone finding a way out of it--since most people don't tape their signings of documents. Gap insurance is very important, and it's a good thing--but the additional warranty is another story. I would file a complaint with the better business bureau, go on YELP and write a review, and if it is a major car dealership, I would also complain to the company they sell for (not that it will work--but just to get paper trail. Contacting your local newspaper, radio or TV station with the story might help as well. But definitely write it up at Yelp, and any other local review site you can find. Heck, I'd make up signs and picket them--freedom of assembly and all that if I got mad enough. You may not be able to win in court (though small claims court is a possibility, a slim one), but you can cause them a lot of negative publicity--Craigslist rants and raves as well.

Yeah you signed the paper so you are stuck.The best thing to do is report them to the BBB and hope that they now want to resolve this matter so it looks better for them on the BBB report.Never buy any extras from a dealer.

Car dealers are known for doing this to people. Try calling the bank to see if they can help. Then report the car dealership to BB. We can't let them get away with things like this. Good luck with the new car.

I feel so sorry to hear about that,so why not to check the papers again?If in the papers it really show that the cost is $2800 then I think it is very difficult to get this fixed.But if no so can fix it totally.

thats sad.. but you should have recourse there. Id call all the bbb and make a complaint against them.

That's pretty much how a car-salesmen are. They try to get as much money as possible from you so they can have a nice check at the end of the month. How pathetic huh? Oh and what they did was illegal in america so you could take them to court if you do some research on what they did.