Question

In spite of the discussion in your text, the fact of the matter is that generally, when you purchase a vehicle "as-is", it means exactly that, and you will have zero recourse if it breaks down the day you drive it home. This is not to infer used cars can't be great deals, but if you are buying from a private seller or a lot that has them marked "as-is", only make the purchase if you (or someone knowledgeable you know and trust) has inspected them thoroughly and finds them acceptable. And new or used, remember, there is ALWAYS another vehicle....don't think there is "one right one" for you. (Buy the way, this is true, so answer accordingly.)

a) True
b) False

Answer 1

This is a TRUE statement because' as is Vehicle' is a vehicle which is sold in in similar condition as it was on date of listing for sales so it is sold in the similar condition by the seller at the time of the sale so the responsibility of the buyer is higher because the buyer will be accepting that the seller will not be doing any kind of repairs and the buyer will himself be repairing the vehicle and doing the necessary adjustment upon his own cost.

In this case,buyer needs to inspect the vehicle and then accept the agreement because he can be into a lot of trouble if he has bought something that is not matching up with his price payment, so he shall be sceptical and rational while decision making because there is a lot of alternatives available.

The given statement is TRUE.