What should be disclosed in the customer contract when selling a vehicle 'as is'?

Prepare for the Colorado Motor Vehicle Dealer Test. Utilize flashcards and multiple choice questions with hints and explanations. Get exam-ready!

When selling a vehicle 'as is,' it is crucial to disclose the 'as is' status in the customer contract, particularly concerning warranty implications. The term 'as is' indicates that the seller does not provide any warranties regarding the condition of the vehicle at the time of sale. This means the buyer is responsible for any repairs or issues that may arise after the sale. By clearly stating this in the contract, it helps to ensure that the buyer understands they are purchasing the vehicle in its current state without any assurances from the seller regarding its reliability or condition.

Including this disclosure serves to protect both the seller and the buyer by clarifying the terms of the sale. It minimizes the potential for disputes after the transaction, as the buyer acknowledges that they accept the vehicle with all its faults, known or unknown, at the time of purchase.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy