A vehicle that is sold "as is" or with no warranty is just that: no repairs will be covered by the selling dealer. The buyer is responsible for any flaws or repairs after the sale. This notice is often found on the FTC sticker, a notice required of dealers under the Federal Trade Commission's Used Car Rule.
Cost
Vehicles that have no warranty are usually cheaper and priced to sell. When it comes to vehicle repair expenses, the cheaper price may not be worth it.
Extended Coverage
You can buy an extended warranty, usually at the time of purchase. Buying the vehicle without one obviously means you are responsible for any and all repairs. It can prove worthwhile to pay for an extended warranty for a used car, as you never know what kind expenses you might incur.
Mechanical Issues
Taking the car to a mechanic before you buy is a good idea for as is/no warranty vehicles; it can potentially save you a lot of money. A trained mechanic can determine how well the vehicle was taken care of, if repairs are needed immediately or if any significant repairs have already been completed.
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