Portal Industrial Cartagena Colombia - Forum - Contacts

When a car is sold 'as-is,' it means the First buyer is purchasing the vehicle in its current condition, with no guarantees or warranties from the seller. Essentially, the buyer assumes all risks associated with the car's condition and any potential repairs needed after the purchase. It's crucial to understand that an 'as-is' sale typically means the seller is not responsible for any defects or issues that arise after the sale is completed. This can include mechanical problems, cosmetic damage, or any other unforeseen issues.

In many jurisdictions, selling a car 'as-is' is perfectly legal, but it must be clearly stated in the sales contract. The Federal Trade Commission (FTC) requires dealers to display a Buyer's Guide on used cars, which indicates whether the car is being sold 'as-is' or with a warranty. It's important for buyers to thoroughly read and understand the terms of the sale before signing any agreements. If a car is sold 'as-is,' the buyer should be prepared for the possibility of additional costs for repairs and maintenance.