At first glance, it might seem this one should be filed under, “Hey, if you really gotta ask…”
However, if you really do gotta ask, you really do deserve to know. After all, the difference between understanding the implications behind the phrase “As Is - No Warranty” and not understanding them can literally mean thousands of dollars out of your pocket.
Typically, the “As Is - No Warranty “ phrase is found on a window sticker on vehicles offered for sale on used car lots. At its essence, the phrase means exactly what it implies. The vehicle to which the “As Is - No Warranty” sticker is affixed is offered for sale with all risk to be assumed by the buyer. The seller will not be held responsible for any problems or needed repairs after the sale.
Just for grins, let’s say you buy a used car with that sticker in the window, drive it off the lot, and at the first traffic signal the engine dies. You’re sitting there twisting the key frantically—but the engine does not respond—the car is absolutely dead. Positively volcanic with anger, you leave the car where it died, walk back around the corner to the lot and tell the salesperson the car is dead around the corner.
Thing is, at that point, you’re completely at their mercy.
If they’re an empathetic sort of person, they might come back around the corner with jumper cables to see if they can help you get the car started so you can make your way home. However, legally, they can also very well tell you; ”Sorry, there’s nothing we can do—it’s your car now, not ours. Have a nice day.”
In other words, if you buy a used car with the As Is - No Warranty sticker, you have to come out of pocket for all repairs, even if the car breaks down on your way home from the lot. And while some states prohibit the practice, if you live in a state where it isn’t prohibited you’ll need to be aware that when you buy a car with this sticker in the window; what you see is what you get.
But it could just as well be a case of what you don’t see is also what you get.
So, you ask; why on earth would anyone ever purchase a car this way?