After all, the difference between understanding the implications behind the phrase “As Is-No Warranty” and not understanding them can literally mean thousands of dollars out of your pocket. Typically, the “As Is-No Warranty “ phrase is found on a window sticker on vehicles offered for sale on used car lots.At its essence, the phrase means exactly what it implies. The vehicle to which the “As Is-No Warranty” sticker is affixed is offered for sale with all risk to be assumed by the buyer.ave a nice day.”. In other words, if you buy a used car with the As Is-No Warranty sticker, you have to come out of pocket for all repairs, even if the car breaks down on your way home from the lot.