You must have come across the term demo cars. There is no fixed price for them. It all depends on your bargaining skills and ability to draw comparisons with a new car and get incentives from both the dealer and manufacturer.
What Exactly are Demo Cars?
These are new cars that employees, dealers, their family members or some customers have driven for some months. In essence, the cars have roughly 2,000 to 6,000 mileage but still are not classified as used cars because nobody has bought them. Legally, these cars are still new and are eligible for special financing. The vehicles have a warranty, and you get all applicable rebates. Demo cars are more affordable compared to new cars.
Secrets to a Better Deal on Demo Cars
Ask for a 25 to 40% discount for every mile driven. For instance, you can save $1,250 to $2,000 if the mileage reads 5000. You are also able to get extra incentives and discounts from the car dealer and manufacturer. If you find an exceptional deal, look at the car warranty then make a decision.
A good deal saves you money. However, check the condition of the car to ensure that your money is well spent. Remember, you can still bargain for a better price and manufacturer incentives. As a smart shopper, use your sharp negotiating abilities.
Use the wear and tear to your advantage to get a better price. If some miles have been shaved off, take advantage of it and press for a reasonable price. Verify a Peugeot car’s history by carefully reading the handbook and asking for details about usage to ensure you don’t miss anything.
Test drive the demo car. Learn about the mechanics and steering by engaging various gears and pay attention to the engine roar. Moreover, schedule a 100-point inspection by a licensed mechanic. Research the market value of your Peugeot car and factor in the incentives and rebates from the dealership.