Terms of Service
Effective date: March 20, 2026
1. About The Lot
thelot.ai provides AI-generated research reports to assist enthusiast car buyers in evaluating vehicle listings. Reports are informational tools only and do not constitute professional mechanical, legal, or financial advice.
2. No Warranty
All reports are generated by artificial intelligence and may contain errors, omissions, or outdated information. The Lot makes no representations or warranties, express or implied, regarding the accuracy, completeness, or fitness for any particular purpose of any report. You use all reports entirely at your own risk.
3. Not a Substitute for Professional Inspection
The Lot reports are research aids, not a substitute for an in-person pre-purchase inspection by a qualified independent mechanic. Any bid figures, value estimates, or investment assessments are directional only and are not a guarantee of value or outcome. THE LOT EXPRESSLY DISCLAIMS ALL LIABILITY ARISING FROM OR RELATED TO ANY VEHICLE PURCHASE, BID, OR FINANCIAL DECISION MADE IN RELIANCE ON ANY REPORT OR CONTENT PROVIDED BY THIS SERVICE. You assume all risk associated with any vehicle transaction. Always commission an independent pre-purchase inspection before completing any purchase.
4. Limitation of Liability
To the maximum extent permitted by applicable law, The Lot and its operators shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from your use of or reliance on any report or any content on this site, including losses arising from vehicle purchases or bids made on the basis of report content.
5. Acceptable Use
You agree to use The Lot for lawful personal research purposes only. You may not resell, redistribute, or reproduce report content without written permission. Automated scraping or bulk requests are prohibited.
6. Payments and Refunds
During the beta period, all reports are provided free of charge. When paid tiers launch, all sales will be final. No refunds will be issued for completed reports, as the service is delivered in full at the time of generation.
7. Changes to These Terms
We may update these terms at any time. Continued use of the service after changes are posted constitutes acceptance of the revised terms.
8. Contact
Questions about these terms? Email hello@thelot.ai
9. Financial and Mechanical Disclaimer
The Lot is an AI-powered research tool. Reports are generated automatically and may contain errors, omissions, or outdated market data. Reports do not constitute professional mechanical advice, financial advice, legal advice, or a warranty of any kind regarding the condition or value of any vehicle. No report from The Lot should be construed as a recommendation to buy or not buy any specific vehicle. Vehicle values are volatile and change rapidly. Any bid range, offer range, or value estimate in a report is a starting point for your own research, not a guaranteed market value. The Lot accepts no liability for losses arising from vehicle purchases, failed bids, or mechanical issues discovered after purchase.