This form is a bill of sale of an automobile. The seller(s) guarantees that the automobile is his/her/their property and is free of all claims and offsets of any kind. The bill of sale also states that the automobile is sold "as-is" without any warranties, express or implied. A separate Odometer Disclosure Statement is included with the bill of sale.
Sold As Is Form For Car
Category:
State:
California
Control #:
CA-00431B
Format:
Word;
Rich Text
Instant download
Description
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How to fill out California Bill Of Sale Of Automobile And Odometer Statement For As-Is Sale?
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FAQ
You'll need to: Fill out the official Department of Motor Vehicles (DMV) transfer forms. Get a smog certification. Submit transfer forms. Complete the California certificate of title. Get an odometer reading. Collect any valid warranties or as-is documents. Collect all maintenance records.
THE DESCRIBED PROPERTY IS SOLD "AS-IS" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE CONDITION OF SUCH PROPERTY . BY ACCEPTING THIS BILL OF SALE, BUYER(S) REPRESENT THAT BUYER(S) HAVE PERSONALLY INSPECTED THE DESCRIBED PROPERTY AND ACCEPTS THE PROPERTY "AS-IS".
Therefore if a property is being sold on an ?as is where is? basis, this means that it is being sold in its current condition, whatever this condition happens to be.
Best practice is - your receipt should note the date of the transaction, the amount and include a line that states 'Purchased as is - no warranty given or implied' and should be signed by both parties to the transaction.
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.