What is an AS IS bill of sale?
An as-is bill of sale means the buyer is purchasing an item in its present condition with all faults, visible or not. After the transaction is complete and the bill of sale is signed, ownership and title will transfer to the buyer.
Is a bill of sale required in Georgia?
A bill of sale is an official document required when you’re buying or selling a car. You’ll also need the bill of sale to obtain a Georgia title and registration as well as to get a license plate for the vehicle.
Does the lemon law apply to used cars sold as is?
Yes. A used car can and often does qualify under the lemon laws as long as it was sold with a written warranty. Often times, used vehicles are sold while still under the manufacturer’s warranty and/or a warranty from the dealer. If this is the case, then your used car may qualify under the lemon laws.
Are used cars sold as is?
The term “as is” is commonly used in the pre-owned car world to describe a car’s warranty status. Specifically, some cars are offered as is, without a warranty; other cars include a warranty. Dealers are legally obligated to explain to the customer whether a car is being sold as is or with a warranty.
What does no warranty mean on a bike?
No Warranty – Means no matter what is possibly wrong or defective with the item that it is the buyer’s problem after the sale. Common “Used” Types Bikes
Can you write a bill of sale on a motorcycle?
Further, until registering the motorcycle with your state Department of Motor Vehicles, the bill of sale acts as both title and registration. Most importantly, a bill of sale proves a lawful transfer of ownership. There’s no official form for a bill of sale. You can write it on any paper you have lying around.
What does no warranty mean on a bill of sale?
No Warranty” both parties will agree to the money exchanged for the as-is property. From the Seller’s perspective, this means that if the property suddenly increases in value, he or she cannot request more money.
What does an as is Bill of sale mean?
Create a high quality document online now! An as-is bill of sale means the buyer is purchasing an item in its present condition with all faults, visible or not. No warranty or guarantee is made by the seller. After the transaction is complete and the bill of sale is signed, ownership and title will transfer to the buyer.
