Leasing Demos

[hockey21]

Has anyone ever heard of this? Is it possible to get a lease on a demo?

I'd like to get into an M car for the lowest possible payments. i have an e46 m3 and would like to take the value of this, + id have to ad 4k or so.

Thanks,

Peter

[Z06M3]

Originally Posted by hockey21

Has anyone ever heard of this? Is it possible to get a lease on a demo?

I'd like to get into an M car for the lowest possible payments. i have an e46 m3 and would like to take the value of this, + id have to ad 4k or so.

Thanks,

Peter

My 2008 was a leased demo which only had 30 miles on it. They even offered additional warranty. I think it was an extra 3 months.

[GOLFFRR]

Demos are basically the same as a new car. A dealer can demo a car for up to a certain mileage and still sell the car a new car but with a lower price. So in a nut shell if you are able to buy a demo do it! not only are you getting the car at a lower price then a new one but you get to take advantage of all the perks of buying a new car such as incentive and finance rates.

[GOLFFRR]

^^^ actually i have to correct myself bc not "all" demo are able to take advantage of new car incentives and programs. its based on the classification of the demo.

[EuroCarsOnline]

Originally Posted by xzlnt

My 2008 was a leased demo which only had 30 miles on it. They even offered additional warranty. I think it was an extra 3 months.

You're right. The extension of the warranty is usually 3 months or 5k miles, whichever comes first

[Fuerza]

Is it possible to order a brand new car, then have your ordering dealership "demo" the car for a certain period of time? Meaning the deal is basically closed but they dealer holds the car a little longer to get use of it for other customers?

[M3 vert]

Originally Posted by Adgar

Is it possible to order a brand new car, then have your ordering dealership "demo" the car for a certain period of time? Meaning the deal is basically closed but they dealer holds the car a little longer to get use of it for other customers?

Your kidding right

[M3 vert]

Originally Posted by GOLFFRR

Demos are basically the same as a new car. A dealer can demo a car for up to a certain mileage and still sell the car a new car but with a lower price. So in a nut shell if you are able to buy a demo do it! not only are you getting the car at a lower price then a new one but you get to take advantage of all the perks of buying a new car such as incentive and finance rates.

Sorry, I don't agree with that notion!

Unless I am saving like 10%-12% off a new car's price or some additional perks are being thrown in...because too be honest most times dealer's will lower it by a couple of grand

I don't think a few grand is worth over versus going new especially if you are spending 80,000-100,000 in the first place.

I would rather order mine to my preferences and wait for it, then save 3,000 on a 80,000 car

[GOLFFRR]

^^right on everyone is different, some demo's will be better deals then others. There is not a set amount of discount that a demo will be. Some demo's can be depreciated 10 to 15k depends on model mileage etc.. So i can see your point for 2k to 3k your better off getting a new car however some demos are great deals that you wouldn't want to pass up. At the end of the day every buyer is different.

[Fuerza]

Originally Posted by M3 vert

Your kidding right

No I'm not kidding. A guy on M3forum did this. It sounds completely shady but he claims to have gotten a purchase discount from doing so.

http://www.m3forum.net/m3forum/showthread.php?t=348758

[Internet Client Advisor]

Yes, you can save some money on a demo, but good luck finding one.

[osteome]

The local (military sales) dealer in Germany does not routinely go on test drives with the customer. Granted they tend to hold onto demos for a few months and a few thousand miles, but I would shy away from them, at least over here.

I drove the same demo E93 twice and would not have bought it the based upon what I did to it in two relatively short test drives. I can only imagine what those that came before and after me did to it.

I guess it all depends on the engagement of the dealer in reigning in their test drives.