AS IS Buyers Guide and Forms

A buyer's guide, as required by the Federal Trade Commission (FTC), is an important document that provides critical information to prospective buyers of used cars. It should include the following key elements:

• Vehicle Information: This includes the year, make, model, and vehicle identification number (VIN) of the car.
• Warranty Information: The buyer's guide should clearly specify the warranty status of the vehicle. This information typically falls into one of three categories:
• As Is - No Warranty: This indicates that the vehicle is sold without any warranty, and the buyer is responsible for any necessary repairs.
• Implied Warranty Only: This means that the dealer provides an implied warranty, which covers the basic functionality of the vehicle for a certain period. Specific terms and conditions may vary.
• Dealer Warranty: If the dealership offers a warranty beyond the implied warranty, it should be detailed in this section, including its duration and coverage.
• Additional Information: The guide may also include any additional terms or conditions, such as the availability of service contracts or return policies.
• Contact Information: The buyer's guide should provide the name and contact details of the dealership.
• Signature Line: A space for the buyer to acknowledge receipt of the guide.

A "Buyer's Guide As Is" form, often referred to simply as an "As Is Buyer's Guide," is a specific type of buyer's guide that communicates to potential buyers that a used vehicle is being sold without any warranty or guarantee.

It means that the car is sold in its current condition, and the dealership does not assume responsibility for any repairs or issues that may arise after the purchase. This type of form is particularly important in used car transactions to prevent misunderstandings and clearly state the vehicle's condition and warranty status.

Yes, you can customize a "Buyer's Guide As Is" form to suit the specific needs and policies of your dealership. While the FTC sets certain requirements for the content of the buyer's guide, there is room for customization in terms of the format and layout.

Your dealership can incorporate its branding, contact information, and any additional disclaimers or warranty information that you want to convey to potential buyers. This customization can help ensure that the form aligns with your dealership's practices and policies while still meeting regulatory requirements.

Dealermarket offers a wide selection of buyer's guide forms, including "As Is Buyer's Guide" forms, to help your dealership comply with FTC regulations and communicate crucial warranty information to your customers effectively. You can customize these forms to align with your dealership's specific needs and branding, making them a valuable tool in your sales process.