What is a requirement for a dealer when selling a vehicle "as is"?

Study for the Colorado Motor Vehicle Dealer Board Exam. Enhance knowledge with quiz questions that come with hints and explanations. Prepare confidently for your dealer board exam!

When a dealer sells a vehicle "as is," it is crucial for them to clearly indicate this status on the customer contract. This declaration ensures that the buyer understands that the dealer is not offering any guarantee about the condition of the vehicle; essentially, the buyer is accepting all responsibilities for any potential issues that may arise after the sale.

By including this information on the customer contract, the dealer protects themselves legally, as it establishes that the buyer was informed that they are purchasing the vehicle without any warranties or guarantees. This practice fosters transparency in the transaction and helps to set expectations for both parties involved.

While a warranty, a cooling-off period, or a return option may enhance consumer protection, they are not typically associated with "as is" sales. The primary requirement in such cases is the clear communication of the vehicle's condition and the absence of any warranties.

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