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Saw a used MK5 on a dealer lot, says 'implied warranty'?

Hypnoz

Go Kart Champion
Location
Arizona
What does that mean?

There was a sheet on the window, the sheet contained 2 boxes, one that was checked saying 'implied warranty' and the other, unchecked, saying 'warranty'?

Does this mean the car no longer has a warranty?
 
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