Bridgecrest (formerly known as DriveTime) Sold me an overpriced car! Charleston South Carolina

Your dissatisfaction with the cost and interest rate is a case of buyer’s remorse.

Merchants are not required to sell their merchandise at or below market value. Property value is a matter of opinion. If you agree to purchase an apple for $100 then that is a contract. You cannot sue the seller because the market value of that apple was 50¢. Did you learn about capitalism in school? Nice car.

Using words like "desparate" is just an attempt to try and convince yourself and others it is not really your fault and you are just a "victim".  The fact is a dealer can ask what ever they want for a car, it is up to  YOU the consumer as to if you are willing to pay that price or not.  The time to negotiate the price is BEFORE you buy the car...not after.   

As for the current value, this may be a shock to you but cars lose value. Even if it was worth 15K when you bought the car, it is not going to be worth 15K five years later.  As for the extra $7,000 is the cost of borroriwing money called Interest.  It doesn't at any point become part of the cars "value".

As for them "adding interest", yes you were paying more interest but it is at exactly the same rate that what was stated in the contract.  When you went from Bi-Weekly to Monthly payments you went from 26 payments a year to 12 payments a year. Even if over a year the payment amounts "even" out, because of the reduced frequency of payments you are going to end up with more interest being added. This is basic economics.  Where the only RipOff is the one you did to yourself.

By the way, if you talk to people who deal with credit, many will say the Bi-Weekly payment is an excellent way to pay off loans quicker because of those extra payments a year.