What's my obligation in an "as is" private auto sale?

[DominicV]

I sold a used van to a private buyer, "as is". He signed a bill of sale stating as is", I signed over the title and received payment. An hour after he left, he called me to tell me the van had thrown a rod on the highway. I did reveal, before the sale, that the van may have a bad cylinder. He want's his money back. I say no, since I would be getting back a worthless van. I agreed to refund $500 toward his cost of gettting the engine replaced. Am I obligated to retrurn the money, or is he out of luck?

 

[LovernotaFighter]

"As-is" means once the paper is signed and money exchanged, you are DONE !! That is the nature of USED car, nobody knows (often not even the seller) when it will breakdown OR how long it will last.

But given it happens so soon after the transaction, it sounds like you did a "decent" thing even though you are NOT responsible.


Good Luck...

P.S. If you has to refund for every repair AFTER the sale, eventually you would have given back everything ($$), have no car, and the buyer would have a BETTER working car than what you wanted to sell. So the sales have to be final.