What must a dealer clearly indicate in a customer contract for a vehicle sold "as is"?

Prepare for the Colorado Sales License Test. Study with flashcards and multiple choice questions, featuring hints and explanations. Ace your exam!

When a vehicle is sold "as is," the dealer must clearly indicate in the customer contract that the sale does not include a guarantee. This term signifies that the buyer is accepting the vehicle in its current condition, without any warranties or promises regarding its performance or condition. By stating that the sale does not include a guarantee, the dealer ensures that the customer understands they are responsible for any future repairs or issues that may arise after the sale. This protects the dealer legally, as it limits their liability regarding defects or problems that the buyer may encounter once the vehicle is in their possession. Making this clear in the contract is essential to reduce misunderstandings and to uphold transparency in the transaction.

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