Pre-Reg/ex-Demo - Pro's and Con's
Discussion
Hi All
Ive been offered a 17 plate for August with a guaranteed no more than 2k mileage on it.
Kia Sportage Trim 2 for £16.5k - Some 4.5k off list price
My Financial Situation - I will probably have around 13k come August then the rest on a 0% Purchase card, then move this across to a 0% Balance Transfer once time is up. So basically 0% interest.
KIA has a 7 year warranty. So I lose only 6mths
Spec is to my needs, Apple Air Play, Sat Nav, Reverse Camera
2017 - 17 plate has the above now spec'd in as standard
I was looking at a 2014 spec which was the old shapes facelift. In 3 years its lose just under 40%, in 5 years its lost around a further 10-15%...so Basically RRP was £20k now £10k.
I worked out id be 1-2 years depreciation ahead, so after 2years I could sell/trade in, in a decent position.
So I'm thinking, what are the pro's and con's to this?
Anyone had similar experience - good or bad?
Also should I wait a little longer closer to August as prices may decrease even more or not?
I understand that dealers have manufacturer targets so they can offer these at discounted prices to offset against a bonus they may achieve.
But this is my limited knowledge so far, so asking the powers that be.
Thanks
Dan
Ive been offered a 17 plate for August with a guaranteed no more than 2k mileage on it.
Kia Sportage Trim 2 for £16.5k - Some 4.5k off list price
My Financial Situation - I will probably have around 13k come August then the rest on a 0% Purchase card, then move this across to a 0% Balance Transfer once time is up. So basically 0% interest.
KIA has a 7 year warranty. So I lose only 6mths
Spec is to my needs, Apple Air Play, Sat Nav, Reverse Camera
2017 - 17 plate has the above now spec'd in as standard
I was looking at a 2014 spec which was the old shapes facelift. In 3 years its lose just under 40%, in 5 years its lost around a further 10-15%...so Basically RRP was £20k now £10k.
I worked out id be 1-2 years depreciation ahead, so after 2years I could sell/trade in, in a decent position.
So I'm thinking, what are the pro's and con's to this?
Anyone had similar experience - good or bad?
Also should I wait a little longer closer to August as prices may decrease even more or not?
I understand that dealers have manufacturer targets so they can offer these at discounted prices to offset against a bonus they may achieve.
But this is my limited knowledge so far, so asking the powers that be.
Thanks
Dan
Edited by Kingdom35 on Monday 27th March 14:08
My sister's last 3 cars were all ex-demo Corsa's.
She just keeps them for 3-4 years then trades them in for another.
Never had any issues, dealer has always given her a decent deal, cars have always been low mileage 3-6 months old so plenty of warranty left on them and savings have been very good over new.
They were like new inside, think been used as courtesy cars/pool cars.
She just keeps them for 3-4 years then trades them in for another.
Never had any issues, dealer has always given her a decent deal, cars have always been low mileage 3-6 months old so plenty of warranty left on them and savings have been very good over new.
They were like new inside, think been used as courtesy cars/pool cars.
Kingdom35 said:
Hi All
Ive been offered a 17 plate for August with a guaranteed no more than 2k mileage on it.
Kia Sportage Trim 2 for £16.5k - Some 4.5k off list price
So I'm thinking, what are the pro's and con's to this?
Anyone had similar experience - good or bad?
Also should I wait a little longer closer to August as prices may decrease even more or not?
I understand that dealers have manufacturer targets so they can offer these at discounted prices to offset against a bonus they may achieve.
But this is my limited knowledge so far, so asking the powers that be.
Thanks
Dan
Broadspeed are doing £2,500-£3,000 off the car and thats a brand new one.Ive been offered a 17 plate for August with a guaranteed no more than 2k mileage on it.
Kia Sportage Trim 2 for £16.5k - Some 4.5k off list price
So I'm thinking, what are the pro's and con's to this?
Anyone had similar experience - good or bad?
Also should I wait a little longer closer to August as prices may decrease even more or not?
I understand that dealers have manufacturer targets so they can offer these at discounted prices to offset against a bonus they may achieve.
But this is my limited knowledge so far, so asking the powers that be.
Thanks
Dan
So your £4.5K headline saving is down to £1,500.
Because its not new, you wont qualify for any incentivised finance deals that KIA are running on new cars.
Also, it'll be on the previous plate which will make a difference of a few hundred come trade in time.
Up to you really.
Theres variables at play with a pre-reg / ex-demo that are worth bearing in mind.
=> The dealer will ALWAYS quote the "savings" against the list price of a new car. Noone pays list for a new car. Its not uncommon to be able to buy a new car for LESS than a demo or pre-reg.
=> Most franchised dealers have new cars sales staff and used car sales staff, so its not in the used car sales staff to sell you a new car, therefore they will push the pre-reg or ex-demo even if its not in your best interests
=> Dealers "could" - and probably are making more money off the pre-reg or ex-demo so again, it might be in their interests not to sell you a brand new car.
=> The car will be on a previous plate which will impact residual value
=> The car wont qualify for any manufacturer incentives they are running on new cars - subsidised rate, 0% APR, manufacturer contributions, free servicing, complimentary trim upgrades, etc. These can be worth £,£££.
=> The warranty will be shorter (not so much of an issue on a KIA)
=> The spec may not be the spec you'd want, so you're paying for options you wouldnt otherwise have wanted
=> It could be last years model
=> It could be a pre-facelift model
=> It might not have the latest engines
=> The spec might have varied in the meantime
=> "Ex-Demo" more-often these days means "loan car"
=> The dealer will ALWAYS quote the "savings" against the list price of a new car. Noone pays list for a new car. Its not uncommon to be able to buy a new car for LESS than a demo or pre-reg.
=> Most franchised dealers have new cars sales staff and used car sales staff, so its not in the used car sales staff to sell you a new car, therefore they will push the pre-reg or ex-demo even if its not in your best interests
=> Dealers "could" - and probably are making more money off the pre-reg or ex-demo so again, it might be in their interests not to sell you a brand new car.
=> The car will be on a previous plate which will impact residual value
=> The car wont qualify for any manufacturer incentives they are running on new cars - subsidised rate, 0% APR, manufacturer contributions, free servicing, complimentary trim upgrades, etc. These can be worth £,£££.
=> The warranty will be shorter (not so much of an issue on a KIA)
=> The spec may not be the spec you'd want, so you're paying for options you wouldnt otherwise have wanted
=> It could be last years model
=> It could be a pre-facelift model
=> It might not have the latest engines
=> The spec might have varied in the meantime
=> "Ex-Demo" more-often these days means "loan car"
Edited by daemon on Monday 27th March 13:22
davek_964 said:
I had an ex demo car once (306 GTi 6). Overpriced piece of tat in my opinion, but the fact that it was ex-demo didn't make any difference at all in use / when it came time to sell.
You're right - it wont. Providing it was otherwise registered on the same plate as what you're comparing it to.In the case here it will be on the previous plate, not the Aug one so that will impact residuals a bit.
Aug plate will still be 17. 67 plate will not be out until Sept 1st.
I bought an 08 C4 Picasso that was six months old and had 7 miles on the clock. Manufacturers used to register loads of cars and park them in old airfields, then drip release them into the market. Don't know if that's the case still, and am unsure of the advantages, except perhaps to inflate their figures.
I bought an 08 C4 Picasso that was six months old and had 7 miles on the clock. Manufacturers used to register loads of cars and park them in old airfields, then drip release them into the market. Don't know if that's the case still, and am unsure of the advantages, except perhaps to inflate their figures.
daemon said:
Theres variables at play with a pre-reg / ex-demo that are worth bearing in mind.
=> The dealer will ALWAYS quote the "savings" against the list price of a new car. Noone pays list for a new car. Its not uncommon to be able to buy a new car for LESS than a demo or pre-reg.
=> Most franchised dealers have new cars sales staff and used car sales staff, so its not in the used car sales staff to sell you a new car, therefore they will push the pre-reg or ex-demo even if its not in your best interests
=> Dealers "could" - and probably are making more money off the pre-reg or ex-demo so again, it might be in their interests not to sell you a brand new car.
=> The car will be on a previous plate which will impact residual value
=> The car wont qualify for any manufacturer incentives they are running on new cars - subsidised rate, 0% APR, manufacturer contributions, free servicing, complimentary trim upgrades, etc. These can be worth £,£££.
=> The warranty will be shorter (not so much of an issue on a KIA)
=> The spec may not be the spec you'd want, so you're paying for options you wouldnt otherwise have wanted
=> It could be last years model
=> It could be a pre-facelift model
=> It might not have the latest engines
=> The spec might have varied in the meantime
=> "Ex-Demo" more-often these days means "loan car"
Hi....ive just edited my original post with a few added Financial and Comparison details. Which should answer a few of your questions.=> The dealer will ALWAYS quote the "savings" against the list price of a new car. Noone pays list for a new car. Its not uncommon to be able to buy a new car for LESS than a demo or pre-reg.
=> Most franchised dealers have new cars sales staff and used car sales staff, so its not in the used car sales staff to sell you a new car, therefore they will push the pre-reg or ex-demo even if its not in your best interests
=> Dealers "could" - and probably are making more money off the pre-reg or ex-demo so again, it might be in their interests not to sell you a brand new car.
=> The car will be on a previous plate which will impact residual value
=> The car wont qualify for any manufacturer incentives they are running on new cars - subsidised rate, 0% APR, manufacturer contributions, free servicing, complimentary trim upgrades, etc. These can be worth £,£££.
=> The warranty will be shorter (not so much of an issue on a KIA)
=> The spec may not be the spec you'd want, so you're paying for options you wouldnt otherwise have wanted
=> It could be last years model
=> It could be a pre-facelift model
=> It might not have the latest engines
=> The spec might have varied in the meantime
=> "Ex-Demo" more-often these days means "loan car"
Edited by daemon on Monday 27th March 13:22
Toaster Pilot said:
Tried drive the deal / broadspeed / carwow / etc for a deal on a brand new one first?
Cars2buy came up with £17.5k which is what I quoted to the carwow guy who had an offer about £500 higher, then mentioned pre-reg and he cameback with a Trim 2 in white (don't fancy) at £16.5k with the max 2k comment etc.daemon said:
Broadspeed are doing £2,500-£3,000 off the car and thats a brand new one.
So your £4.5K headline saving is down to £1,500.
Because its not new, you wont qualify for any incentivised finance deals that KIA are running on new cars.
Also, it'll be on the previous plate which will make a difference of a few hundred come trade in time.
Up to you really.
Added in my financial situation for you to see :-)So your £4.5K headline saving is down to £1,500.
Because its not new, you wont qualify for any incentivised finance deals that KIA are running on new cars.
Also, it'll be on the previous plate which will make a difference of a few hundred come trade in time.
Up to you really.
Kingdom35 said:
Cars2buy came up with £17.5k which is what I quoted to the carwow guy who had an offer about £500 higher, then mentioned pre-reg and he cameback with a Trim 2 in white (don't fancy) at £16.5k with the max 2k comment etc.
So you're only saving a grand to buy the service loan car that's been ragged by everyone?Tyre Smoke said:
Aug plate will still be 17. 67 plate will not be out until Sept 1st.
I bought an 08 C4 Picasso that was six months old and had 7 miles on the clock. Manufacturers used to register loads of cars and park them in old airfields, then drip release them into the market. Don't know if that's the case still, and am unsure of the advantages, except perhaps to inflate their figures.
Indeed they do. I bought an A45 AMG last year that had been registered and sitting in a warehouse for 10 months. Bought in March 2016 but it was on a 15 plate with 36 miles. Got 9k off the list price...I bought an 08 C4 Picasso that was six months old and had 7 miles on the clock. Manufacturers used to register loads of cars and park them in old airfields, then drip release them into the market. Don't know if that's the case still, and am unsure of the advantages, except perhaps to inflate their figures.
Toaster Pilot said:
So you're only saving a grand to buy the service loan car that's been ragged by everyone?
Havent bought it/committed....testing the water on what everyone would do in this case....wait another 3 months and will there be a supply of cars that will be cheaper?As ive had a look at the 66 plates with 6-10k on and theyre around £17-18k
But I see your point. Perspective/food for thought.
We bought a demo Sportage for my mother in law 2 years ago.
In 30k it has needed a new differential and the rear suspension has now collapsed.
Lead time for warranty bookings each time has been a 3-4 weeks !
7 year warranty is useless if you have to hire a car for a month each time the Kia needs repairing !
In 30k it has needed a new differential and the rear suspension has now collapsed.
Lead time for warranty bookings each time has been a 3-4 weeks !
7 year warranty is useless if you have to hire a car for a month each time the Kia needs repairing !
Vee said:
We bought a demo Sportage for my mother in law 2 years ago.
In 30k it has needed a new differential and the rear suspension has now collapsed.
Lead time for warranty bookings each time has been a 3-4 weeks !
7 year warranty is useless if you have to hire a car for a month each time the Kia needs repairing !
Hmm crikey do they not cover the car hire?In 30k it has needed a new differential and the rear suspension has now collapsed.
Lead time for warranty bookings each time has been a 3-4 weeks !
7 year warranty is useless if you have to hire a car for a month each time the Kia needs repairing !
What year and model did you buy?
Sorry to hear this.
Just revisiting this thread...so at the weekend I went to a local Kia Garage in an affluent area...funny enough I saw Owen Farrell as I drove through the high street.
Well anyway I looked at a 2014 Sportage and a new sportage...started to discuss pre-reg and ex demo's with the fairly honest (I believe) sales rep.
He basically said to me the offer I received for the pre-reg didn't sound correct. He wasn't pushy, he had spoken to his boss who had "been in the game a long time". He said it maybe a "ghost" car, make sure it actually exists and get pictures...ive emailed the dealer and not received any so far, even though they responded on sunday saying they would send me some.
So then I was looking at the 2014 prices and boy the petrol market has gone up in the last 2 months.
Anyone else seen prices rise?
Anyway I think were now stuck in between. I don't think we can stretch any further than £16.5k
Well anyway I looked at a 2014 Sportage and a new sportage...started to discuss pre-reg and ex demo's with the fairly honest (I believe) sales rep.
He basically said to me the offer I received for the pre-reg didn't sound correct. He wasn't pushy, he had spoken to his boss who had "been in the game a long time". He said it maybe a "ghost" car, make sure it actually exists and get pictures...ive emailed the dealer and not received any so far, even though they responded on sunday saying they would send me some.
So then I was looking at the 2014 prices and boy the petrol market has gone up in the last 2 months.
Anyone else seen prices rise?
Anyway I think were now stuck in between. I don't think we can stretch any further than £16.5k
The thing with an ex demo is that it'll have been registered/ ordered to meet targets and will have either been used as a courtesy car or a salesman's demo so thrashed from cold and regularly used with very low fuel levels. Either way it's highly likely it won't have been looked after.
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