The aforementioned property being sold under this Bill of Sale is on an "AS-IS" basis and any known or unknown defects shall be the sole liability of the Buyer. This provision makes for ideal use involving the sale of many objects that do not have a unique bill of sale form for individual use. For example, many states obligate a seller to use a particular government form catered specifically to a motor vehicle or a vessel, in which case an "as is" form would not be adequate.
The As Is Bill of Sale can be used to document the transfer of ownership of most personal property from one party (the seller) to another (the buyer). The "as is" clause is quite common in most bills of sale. In the case of selling vehicles, employing an "As-Is Vehicle Bill of Sale" is particularly important.
This specialized document reinforces the agreement that the buyer is accepting the vehicle without any guarantees or warranties. An As-Is Bill of Sale, also known as the No Warranty Bill of Sale, is a form that a seller uses to document the purchase of an item in its current condition. The term "As-Is" means that the buyer has agreed to purchase the item with all its faults (visible or hidden), and the seller does not guarantee the quality of the product to the buyer.
Once the transaction is finalised, and both. Item Type: ____________ [Vehicle, Boat, Equipment, etc.] Make: ____________ Model: ____________ Year: ____________ VIN/Serial Number: ____________ Odometer/Usage (if applicable): ____________ Color: ____________ Accessories or Additional Items Included: ____________. Be sure to include as much detailed information about the vehicle as possible.
For more bill of sale forms, visit our As Is Bill of Sale Forms page or complete Bill of Sale Forms. Discover how an as-is bill of sale protects buyers and sellers. Get your free as is bill of sale template today! Common Scenarios for Using an As Is Bill of Sale An "as is" bill of sale is common in private sales of used goods, especially when the seller does not offer a warranty.
It is particularly used for transactions involving used vehicles, such as cars, motorcycles, or boats, where the condition can vary significantly.