Getting a Home Loan in Australia if you're living overs...
29 Nov 2023
If you are in the market for a new car, you may opt to consider a dealer demonstrator model that comes with all the bells and whistles of a new arrival (including that new car smell), just with a couple of hundred kilometres under the tyres.
Dealer demonstrator or demo cars are vehicles that have been used by a dealership for test drive or demonstration purposes, meaning they are not brand new. In most cases, these cars will often have a couple of hundred kilometres clocked on the odometer which will often result in them being sold for a slight discount.
In most states across Australia, the demo tag does not apply to cars with more than 5,000 kilometers on the odometer, with vehicles of this nature instead classified as used cars.
There are generally four main types of dealer demo cars available. These include:
Demo models of a particular make and model are generally readily available as soon as they hit the dealership floor. This is because showroom staff are encouraged to drive these cars to develop an understanding of the products they are actually selling. However, this does not mean you should hunt for a demo model immediately following the launch of a new car. Instead, it is best practice to bide your time and wait a few months, given most dealerships look to clear new car models within 60 days. This is to replenish stock supplies and boost sales figures with manufacturers.
As Australia's leading online lender, loans.com.au has been helping people into their dream homes and cars for more than 10 years. Our content is written and reviewed by experienced financial experts. The information we provide is general in nature and does not take into account your personal objectives or needs. If you'd like to chat to one of our lending specialists about a home or car loan, contact us on Live Chat or by calling 13 10 90.