What happens if you sell a 10 year old vehicle "as is" in Texas and
the buyer drives away and something major breaks down? Who is liable for the damages?
2007-01-24 08:00:11 · 4 answers · asked by Yvonne M 2 in Cars & Transportation ➔ Buying & Selling
There is nothing wrong with the vehicle - just the age is what concerns me.
2007-01-24 09:22:31 · update #1
The 3 day rule does applie to a lot of sales. However generally dosn't apply to automobile sales. I work in the automotive industry and when you make a sale, it's final. Often we will do somethign if its within a couple hours. But in most cases, we do not do returns on vehicle purchases. The 3 day rule is a misconception amongst the general public.
In your case, if you told the buyer that your vehicle is being sold "AS IS" and the buyer was aware. You are not responsibile. Even if you had a verbal agreement to say "If anything goes wrong i'll take care of it". Unless it's a notarized document with some type of legal backing you are not responsible for any damages.
Thats why a lot of your bigger dealerships won't handle vehicles with higher mileage. Because even though we state to the buyer during the purchase process that this vehicle is sold "AS IS" they come back a month later if the motor blows, or a pully falls off and expect us to pay for it.
But ultimately it's up to you and how you want to confront this. If you feel that your not liable for anything, then don't pay. If you feel you owe this to them, try to figure out the best way to get this settled.
2007-01-24 08:28:18 · answer #1 · answered by painter in ohio 2 · 0⤊ 0⤋
If you sold it "as is" and this was the agreement with the buyer, then you have no legal responsibility to do anything about it. A responsible thing to do might be to negotiate, offer to pay for part of the fix.
2007-01-24 16:09:10 · answer #2 · answered by memyselfandI 3 · 0⤊ 0⤋
If you got buyer to sign "as is" statement -- that's it in Texas. However, if I were you, I would consider making some sort of adjustment if the breakdown was not caused by buyer. I firmly believe in "what goes around -- comes around."
2007-01-24 17:16:49 · answer #3 · answered by mcc 2 · 0⤊ 0⤋
i know anybody can take anything back in 3 days after the 3 days they can't bring the car back to you it will be there problem but if its within those 3 days you are responsible
2007-01-24 16:05:25 · answer #4 · answered by justme 3 · 0⤊ 0⤋