What are my rights to recind an agreement to arbitrate any claims.

I purchased a new car two days ago from a local dealer.. I was told that it was mandatory for me to sign the above mentioned agreement.
What can I do to recind this one item on their Additional Terms & Conditions
Form. On second thought I feel that this agreement leaves me totally unprotected in case of a catastrophic accident due to faulty manufacturing of the vehicle. I addition it frees the dealer from quality control of their repairs.