You know there is a problem. Failure to tell them might, legally, be OK, but it's morally dubious to say the least. It might just be a hose or rad joint failing, or it might be the waterpump siezed and a major job.
Of course, if you don't tell them, and then have problems with your new car, they are in a very nice position to tell you to take a long walk off a short pier ...
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