WHAT IS A DEMO CAR?
Demo cars, also known as demonstrator vehicles, are used and sold by just about every OEM dealership you can think of. If you’re in the market for a new or used car, you’ll most likely come across a demo car at some point in your search, in Scarborough. They are usually priced at an amazing deal, after all it is a new car with a significantly lower cost than the vehicle’s original price tag. It almost sounds too good to be true. Dealerships don’t often make a habit of going out of their way to sell a new car at a much lower price. So the question is, what’s actually going on here?
What is a Demo Car?
Demo cars are new vehicles that the dealership has allowed their employees (usually the executive team) to drive for a short period of time. These executives drive new vehicles for a couple of months; after that the car gets sold as a demo and the employee moves to a new vehicle.
These vehicles are typically in very good shape and well maintained as they’re being driven by dealership executives. Should the vehicle need any repairs after it’s time with the executive, the dealership will complete them before the vehicle is sold.
At most dealerships, demo vehicles are always for sale. If a customer expresses interest in a car, a dealership will usually give the executive a new demo so they can sell their current demo to the customer, regardless of how long the executive has had the vehicle for.
Benefits of a Demo
When they sell a demo, many dealerships take thousands of dollars off the vehicle’s original price tag. This means you’ll be getting a like-new car highly discounted. At most dealerships, a greater discount will be given for demos with more kilometers and/or wear and tear on them than those with fewer kilometers or less wear and tear. In most situations, even demos that have mileages on the higher end will have less kilometers than the vast majority of used cars on the market, since demos usually have between 2 000 and 10 000 km on them.
The Best of Both Worlds
Since the vehicle has never been sold and is still technically in the dealership’s inventory, it’s still considered new. This means that the car would still qualify for any new car rebates, special financing, or promotions the dealership might be offering.
Buying a demo is a great option if you’re thinking of buying a car. You’re getting a new car, and all the special financing that comes with a new car, but you’re buying the car as if it was used. You’ll receive a discount off the original price tag and won’t have to pay most of the added fees that are associated with a new car. You truly are getting the best of both worlds.
Formula Honda in Scarborough, and all Drive Autogroup dealerships, have a wide variety of new, used and even demo vehicles. We offer great discounts on all our demo cars, which can be found by clicking the button below.