Document background
The Car Sold As Is Contract is a crucial document used in the Philippines when transferring ownership of a vehicle without warranties or guarantees regarding its condition. This type of agreement is commonly used in private vehicle sales, used car dealerships, or situations where the seller wishes to transfer the vehicle in its current condition without assuming responsibility for future repairs or issues. The contract must comply with Philippine Civil Code requirements, Consumer Act provisions, and Land Transportation Office regulations. It typically includes comprehensive vehicle details, condition disclosure, price terms, and explicit acknowledgments from the buyer regarding the "as is" nature of the sale. This document is particularly important in protecting sellers from future claims while ensuring buyers make informed decisions through transparent disclosure of the vehicle's condition.
