muddy: I agree partially with what you said. Unfortunately for me the car is not in my name. My dad signed/cosigned the loan and paperwork so I could get the car I didnt get a say other than "I need a work for car, I'll pay for it if you can help me co-sign".
Regardless, what you said is true, and since then I do my research and make sure to ask a lot of questions before I or someone on my behalf adds to my debt.
Though I still blame the dealership. The car was listed as $6k on the lot, by the time dad signed it was 12k, w/ about 17-18k after interest. (2k of which was the bumper to bumper warranty).
If you say it's bumper to bumper it's bumper to bumper. Let's face it, having any clause that says "we will pay up to the value of X" you have pretty much made a loophole to never pay for anything serious. Because if anything serious breaks then the car is essentially worth nothing but salvage. I dont see how that can be legal, but again shows how a person needs to read the fine print.
They reason they say the car cost 12k instead of 6k was "because the bank wouldnt sign a loan for that amount and needed the car to be higher" Huh?!
I also asked the bank later and they said they never required that I have the extended warranty so the salesman was down right lying about that.
Any I found contact info for the Lawyer doing the Class action lawsuit so who knows what will come of it.