When looking for a new automobile, people are primarily faced with a couple of choices. Should they get a new car or snag a pre-owned car at a good deal? However, not many of them know that there is another option they can go with!
By the way, it isn’t entirely true that buyers are unaware of the demo car alternative. The number of people purchasing a demo car has been increasing over the year. And if one looks at the benefits of buying a demo car, it becomes clear why it’s in trend.
So, if you’re somebody who’s out in the market for a new car or if you’ve ever wondered, “Is a demo car worth buying?”, this blog and you will prove to be a match made in heaven.
Here, we will talk about the pros and cons of buying a demo car. We will also answer questions like, “Are demo car models worth it?”. So, buckle up! Let’s go on a drive (Oh, pardon. We mean a test drive…).
What is a Demo Car?
First things first! Let’s make it clear at the outset what exactly a demo car is. When you walk into a dealership, the cars you see gleaming on display, and the ones you test drive,e are often demo cars (short for ‘demonstrator’ cars).
Contrary to the usual pre-owned cars, demo cars have clocked very few kilometres, are usually the latest models, and are meticulously maintained by the dealership staff. In a nutshell, they’re almost as good as new in terms of condition!
When buying a demo car, the biggest benefit is that it is a pretty wise financial move, as well. And especially if one is looking to buy a luxury car, the ‘demo alternative’ stands out as a tempting choice.
Let’s move to the next section to find out why!
Financial Benefits Of Buying a Demo Car
When in the market to buy a new four-wheeler, people tend to be a little open-minded with the spending. But hey, it doesn’t hurt being a little ‘rupee-wise’, does it? And buying a demo car can be a good financial decision for a multitude of reasons.
Let’s talk about a few of them, then!
Get an Impressive 10%-15% Discount
Let’s get the most obvious benefit out of the way. Buying a demo car is a more economical option as these vehicles are cheaper than their newer counterparts. Given that you buy from a dealership that offers great deals, you can easily get anywhere between 10%-15% discount.
Add to that the fact that demo cars are only lightly driven, a 15% discount sounds like a tempting deal, right? And if you’re in the market for a luxury car, buying a demo car is definitely the wiser choice.
Skip the First-Year Depreciation Hit
New cars undergo the highest rate of depreciation in their first year. But demo cars have already been put to use for at least a few months. Hence, it has already suffered its first (and the biggest) depreciation hit.
This becomes even more important for buyers who want to resell these demo cars in the future. Because demo cars offer a much better resale value to them. In a nutshell, buying a demo car hits the right spot between cost and quality.
Warranty Benefits with Option to Buy Extended Warranty
We already discussed the 10%-15% discount buyers get, which is already among the tempting benefits of buying a demo car. Now, here’s another benefit that can prove to be super-economical.
When a car encounters a problem, especially if it is a luxury car, the repair costs can be pretty high. That’s where the warranty benefits and the option to buy an extended warranty become important.
Buying a Demo Car vs Buying a Pre-Owned Car
After reading through these benefits, you might think that buying a pre-owned car can also offer the same benefits, right? Yes, we agree that there are some great deals in the market when you’re about to buy a pre-owned car.
However, there are some areas where the benefits of buying a demo car trump all other options in the market. Some of these are as follows:
Attractive Interest Rates on Financing
Interest rates on a pre-owned car can often hover as high as 14%. The same for demo cars is often, more or less, the same as that of a new car. So, when you finance a demo car, you’re getting a deal that is almost as economical as financing a brand-new car!
What’s more? Some manufacturers even offer buy-back plans for demo cars. This makes it an even more a ‘win-win’ situation for the buyers.
First Owner Benefits
Demo cars, especially the ones offered by luxury brands, are usually ‘unregistered’. For the buyer, it means that they practically get to the first owner of the car. This is not the case with used and pre-owned cars.
The financial aspect of this is that it significantly increases the resale value of the car when you buy a demo model. However, when you pick a pre-owned car, you’ll be the second owner and will get a resale value that is in accordance with that.
So, even if you’re buying it for the short term and intend to sell it later, buying a demo car will make sure you get your car’s worth when you want to move it on. This is another reason why you need to say a loud ‘Yeah’ when someone asks if the demo car is worth buying.
Explore Our Range of Demo Cars
As you saw, there are several reasons why buying a demo car is a better financial choice. So, if you’re convinced, and you’re all set to step out into the market for one.
We’d love to have you at Motozite to explore our range of luxury demo cars that are packed with features and are in as perfect a shape as any demo car you can find!
We’ll see you soon, then. Meanwhile, let’s get your dream car ready!