Ignition and it locked in the 'a' position?

I own a 2007 chevy silverado lt1 ext cab 4wd 4.8 v8 w/ 215 miles I bought 1 week ago. I put the key in the ignition and it locked in the 'a' position and would not allow me to turn it at all. The remote start will work once then not work at all. Once on the key still does not turn. None of the dash components light up or function. Do I own a lemon that will haunt me even after repair, or is it correctable?