Car Sold As Is Contract Template for United States

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Key Requirements PROMPT example:

Car Sold As Is Contract

"I need a Car Sold As Is Contract for selling my 2018 Toyota Camry to a private buyer, with standard warranty disclaimers and known defects disclosure for a cracked windshield and faulty air conditioning, to be completed by January 15, 2025."

Document background
The Car Sold As Is Contract is essential when transferring ownership of a vehicle without providing warranties or guarantees. This document is commonly used in private sales, by used car dealers, and in situations where vehicles are being sold in their current condition. The contract complies with U.S. federal and state regulations, including the FTC Used Car Rule and state-specific requirements. It typically includes vehicle details, price, warranty disclaimers, and known defects disclosure, protecting both parties by clearly establishing the terms of sale.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names and addresses

2. Background: Brief context of the sale and statement of intent

3. Definitions: Key terms used in the agreement

4. Vehicle Description: Detailed vehicle information including VIN, make, model, year, and mileage

5. Purchase Price and Payment: Amount and method of payment

6. As Is Declaration: Clear statement that vehicle is sold as is with no warranties

7. Title Transfer: Terms of title transfer and registration responsibilities

8. Signatures: Execution block with date and signatures

Optional Sections

1. Known Defects: List of known issues with the vehicle - include when seller is aware of specific problems

2. Bill of Sale: Formal receipt of transaction - include when required by state law or requested by parties

3. Financing Terms: Payment schedule and conditions - include when seller is providing financing

4. Dispute Resolution: Process for handling disagreements - include when parties want specific conflict resolution procedures

Suggested Schedules

1. Vehicle Inspection Report: Third-party inspection details if conducted

2. Vehicle History Report: CarFax or similar vehicle history documentation

3. Maintenance Records: Service history documentation

4. State-Required Forms: Additional forms required by state DMV

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

FTC Used Car Rule: Federal regulation requiring dealers to display a Buyers Guide window sticker disclosing warranty and other information on used vehicles

Magnuson-Moss Warranty Act: Federal law governing consumer product warranties, requiring clear disclosure of warranty terms and conditions

Truth in Lending Act: Federal law requiring disclosure of credit terms if financing is involved in the vehicle sale

Federal Odometer Act: Federal law requiring accurate disclosure of vehicle mileage during transfer of ownership

State Consumer Protection Laws: Various state-specific laws protecting consumers from unfair practices and fraud in vehicle sales

State Lemon Laws: State-specific laws providing remedies for defective vehicles, though typically not applicable to 'as is' sales

State Vehicle Transfer Requirements: State-specific regulations governing the process and documentation required for transferring vehicle ownership

State DMV Regulations: State-specific Department of Motor Vehicles rules regarding vehicle registration, titles, and transfers

UCC Article 2: Uniform Commercial Code section governing sales of goods, including motor vehicles

UCC Section 2-316: Specific UCC provision governing disclaimer of warranties and 'as is' sales provisions

Clear As Is Disclaimer Requirement: Legal requirement for explicit and conspicuous disclaimer of warranties in 'as is' sales

Known Defects Disclosure: Legal obligation to disclose known vehicle defects, even in 'as is' sales

Vehicle Identification Requirements: Legal requirement to accurately identify the vehicle through VIN, make, model, year, and other specifications

Title Transfer Provisions: Legal requirements for properly transferring vehicle title from seller to buyer

State-Required Disclosures: Additional state-specific disclosures required in vehicle sales contracts

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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