What is the difference between a demo and a used car?
Dealer Demonstrator Vehicles (Demos) Demos can be considered either new or used depending on what side of the debate you fall into. While a demo vehicle will have never had an owner, it will have been registered and driven prior to becoming your car. Many PreSales professionals categorize demos into two types: the standard demo and the technical demo. In reality there are six critical types of demos that most stakeholders in the buying group must go through to reach a decision.
What is the difference between a demo and used car?
Compared to demo models, used cars typically have higher mileage and may be a few years older, depending on the make and model. Because of that, they usually come at a lower price point, making them a popular option for budget-conscious buyers. If your goal is to save on a pre-owned vehicle, it’s advisable to seek one that has already undergone most of its depreciation. This entails finding a car that is at least two years old, but ideally between three and four years old.The sweet spot for used car buying is typically between 2-5 years old. During this period, cars have already undergone the sharpest depreciation (about 20-30% in the first year alone), making them significantly more affordable than a brand-new model.The sweet spot for used car buying is typically between 2-5 years old. During this period, cars have already undergone the sharpest depreciation (about 20-30% in the first year alone), making them significantly more affordable than a brand-new model.