Credit challenged consumers can sometimes save even more money when choosing a new car simply by picking out one the dealer has used as a demonstrator
Credit challenged consumers can sometimes save even more money when choosing a new car simply by picking out one the dealer has used as a demonstrator
Here at Auto Credit Express we realize that the high cost of a subprime auto loan means that borrowers with bad credit need to get the very best deal possible – especially if they plan on financing a new car.
While few in number, one way new car buyers can sometimes save money is by choosing a demo vehicle.
Demonstrator cars – more commonly called demos – are vehicles used by car dealerships for test drives. In many cases, the dealership's managers (and, in a few cases, salespeople) also use demo vehicles for driving to and from work.
These vehicles also usually come from a dealership's own inventory because, typically, they haven't been sold or titled yet. This means they are still classified as "new" cars.
Since these vehicles are still new, they should still qualify for all manufacturer rebates and incentives. We say "should", because some manufacturers place limits on the number of miles a vehicle can have – even one that hasn't been titled – in order to qualify for certain incentives and rebates.
With that in mind, here are some tips when considering a demo car:
Purchasing a demo car is a great way to save even more on a new vehicle. Just be sure it hasn't been titled or damaged and that the additional discount for mileage is fair.
One more tip: Auto Credit Express matches consumers with past credit issues with the dealers that work with bad credit near you that can offer them their best opportunities for approved car loans.
So if you're ready to establish your auto credit, you can begin now by filling out our online auto loan application.
Senior Auto Financing Writer
Steve is an in-house expert with years of experience writing about car loans and financing with bad credit. Steve also brings his unique expertise as a contributing writer of car reviews and other content on our sister websites CarsDirect and LotPro.
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