Used
cars sold by dealers in most states come with an implied
warranty, meaning that the car has to be
"merchantable." This is to say the car has
to be reasonably safe to drive. The brakes have to
work. The electrical system has to work, etc.
But in some states, the dealer can put "as is"
on the car, eliminating the implied warranty. And if
you buy a car from a private party and it is sold "as
is," then there is no warranty. If you buy a
car "as is" from a dealer or a private party,
the minute you drive it away, the dealer no longer has any
responsibility for the car. This is where caveat
emptor (buyer beware) kicks in.
A used car may have an express warranty,
and it may be a full express warranty or a limited express
warranty. An automobile has an express warranty
if the vehicle is still covered under the
manufacturer's original warranty. It is is a full
expressed warranty if the dealer will provide free
warranty service to whomever owns the vehicle during the
warranty period when the problem occurs. With an
limited express warranty, you will have to pay for some of
the repairs if problems occur during the warranty
period.
Many used car dealers also offer extended
warranties in addition to the express warranty.
These are meant to extend the period during which the
dealer will cover the cost of repairs. In most
cases, these warranties are very expensive and immediate
cash in the dealer's pocket. Think carefully if you
really want to spend this extra money. And also
think about whether or not you think the dealer will still
be in business for years to come because if he goes out of
business, there will be no one to back up the extended
warranty.
Visit here if you need to talk
to a lawyer about the used car you purchased.
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