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buying as-is car

What Does it Mean to Buy a Car in As-Is Condition?

When buying a car, you might come across vehicles sold in as-is condition. While the description is pretty obvious – you’re buying a car in the exact condition it’s in – it’s still important to know what this means and what you can expect with your purchase. Most importantly, don’t let buying as-is scare you away. If you’re looking for a great discount on a car, this might be the way to go! 

What Does As-Is Mean in the Car Industry?

You can buy many things in as-is condition – a home, a retail product or a car. All it means is that the item is being sold in its current condition with all issues known and unknown. In other words, if there are problems with the vehicle, the seller is not responsible for them. 

In terms of a vehicle, it’s also important to know that buying as-is means the car likely doesn’t have a warranty. (With newer repo cars, there is a chance the warranty is still intact.) Again, any problems that turn up with the vehicle are not the responsibility of the seller. You’ll have to pay for them out of pocket. 

What’s the Benefit of Buying an As-Is Vehicle? 

Because the buyer is taking a risk, as-is vehicles are discounted. For example, RepoFinder has a huge database of repossessed vehicles being sold by banks, credit unions and other lenders. They are selling their vehicles in as-is condition but for a discount. 

Many of the vehicles they’re selling are in good condition. They might need some basic maintenance, but nothing too elaborate. By purchasing these types of vehicles at a discount, you’ll have enough money to pay for the repairs and maintenance as well as have lower car payments each month. It’s a win-win on both sides! 

What are Some of the Risks of Buying As-Is?

Of course, buying anything as-is always comes with some risk. If you’re unhappy with the car or it ends up having significant problems, you can’t just drive it back to the dealership for a refund. This is why it pays to be a smart shopper. Look at the pictures, ask the seller questions, research the types of problems the particular car has (if any) and inspect the vehicle before signing the paperwork.  

Additionally, when you schedule an inspection, bring along someone who knows cars, whether it’s a mechanic or a knowledgeable friend. They’ll know some of the obvious things to look for. Once you’ve done your research, you can place a comfortable bid that will get you the car you want at a fair price. 

Shop for As-Is Vehicles Today 

RepoFinder makes it easy to shop for as-is vehicles. Browse our website for cars in your area that are being sold by credit unions and banks. They’re motivated sellers who are often willing to negotiate the best prices! 

buying an as-is car

Buying a Used Vehicle: What Does “As-is” Mean?

When you purchase a used vehicle that is marked in “as-is” condition, it means you are agreeing to buy the car in its current condition. If there are repairs that need to be made, you will be responsible for them. Repossessed cars are typically sold in “as-is” condition. If you are considering a repo car, it’s important to understand this term in its entirety. Repos can be great purchases as long as you know what you’re getting into. 

Let’s learn more about what “as-is” means and protective steps you can take. 

What You Get with an As-Is Car Purchase

When buying a car “as-is,” you get the vehicle in the condition that it’s currently in. Usually, the seller will sell the car “as-is” with no warranty. This lets the buyer know they are buying the vehicle without any warranty coverage. So, if you are driving home and the transmission fails, the seller is under no obligation to take back the repo or make repairs. 

Not having this peace of mind makes some people uncomfortable with a repo purchase, but “as-is” doesn’t mean that the vehicle is in poor condition. In fact, many repos are high-quality cars in great condition – their owners just couldn’t afford them anymore. As long as you have the vehicle checked out by a mechanic, don’t let “as-is” scare you away. 

Buying an As-Is Repo Car 

In order to buy an “as-is” repossession, you should take a few steps to protect yourself. It may be harder to get a history report on the vehicle, and it’s possible that the lender won’t know anything about it. Still, it doesn’t hurt to ask. Any information about the repo is helpful in knowing what work may be needed. 

Before making an offer, ask the lender if you can see the vehicle. Reputable sellers encourage this. Bring along a mechanic who will inspect the vehicle to uncover unknown problems. If there are issues found, you can either pass on the repo or negotiate a lower price. 

At the end of the day, being open to “as-is” vehicles is a great way to get a good car at a decent price. You just have to be willing to do your homework and bring along a trustworthy mechanic for an inspection. For a full list of lenders, banks and credit unions selling repossessions in your area, visit RepoFinder.com