Belt Auction - Is this contract i signed legally binding?

Is this contract i signed legally binding?

I recently bought a car at in auction under the impression it was road worthy (I live in Ontario). I was under the impression of this because the information of the car they had posted on the wind shield said it was and so did the auctioneer. The contract i signed afterwards says that "by signing this you are aware that this car is sold "as is" and may not be road worthy". So i am wondering if i can get out of this contract since I am only 17 or for any other reasons? Another twist is that i have already paid in full and the owner ship has been switched to my name already(no body cosigned the contract with me either) I just realized this probally wasnt the best place to put this question, is there a way of changing where this question shows up?

Public Comments

Don't know the Canadian laws, but in the US you can always sue....seems like everybody does that these days.
Your age is the only loophole available but prepare to look like a complete fool. Otherwise, the contract explicitly answers your question about its condition and, by extension, your options (none). And your question is in the right place but even if you wanted to move it, you'd have to just repost it for another 5 point loss.
Probably as good a place as any. In Ontario, they should have provided you with both an MTO safety inspection report and an Environment (Green) check up. Without these, you will be unable to register the vehicle and get licence plates. All cars are sold at auction "as is and where is". If you did not get these certificates, then you will need to get a 10 day trip permit so that you can drive the car to a garage to get the inspections done. Once the car passes these tests, you will be able to get regular plates. You should have taken a mechanic with you to do his/er own checks on the vehicles, but you are now the proud owner of a piece of dubious equipment. Since many reputable car dealers deal with auction houses, you may not have been stung. Good luck. Oh and yeah, the contract is binding.