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How to Write Step 1 ? Save The As-Is Bill Of Sale To Properly Document Your Transaction. ... Step 2 ? Produce The Date Of Reference For This Sale. ... Step 3 ? Identify The As-Is Seller. ... Step 4 ? Name The Purchaser Behind This Sale. ... Step 5 ? Record The As-Is Transaction Amount. ... Step 6 ? Discuss The Purchase Details.
Dealers are not required by law to give car buyers a three-day right to cancel. The right to return the car in a few days for a refund exists only if financing is not approved. However, some dealers may, by contract, offer a right to cancel.
It is understood that this Bill of Sale implies no warranties from the Seller. The aforementioned property being sold under this Bill of Sale is on an ?AS-IS? basis and any known or unknown defects shall be the sole liability of the Buyer. Buyer acknowledges this liability with their signature below.
Put simply, an as-is clause is a statement that the buyer acknowledges and accepts that they are purchasing the property in its current condition and without any guarantees or warranties from the seller.
As Is - No Dealer Warranty means the dealer won't pay for any problems or needed repairs. You're assuming the risk of anything that goes wrong after the sale.