Helllo! Could you tell me the difference between a new and used car? I just bought a 2006 Kia Sedona that was a dealer demo(never titled), it has 11,000 miles on it. We did not get any of the new car benefits (full warrentee or a decent APR). Please advise
You do get the BALANCE of the manufactures warranty!
This warranty is good for ____ miles or ____ years, whichever come first. (Each manufacture's warranty is different)
Example: (3 years or 30,000 miles)
You would get this manufacturers warranty on any Used Car purchased if it fits under the warranty criteria. Doesn't matter where you purchase it, off a private owner, a new car dealer or a used car lot. Doesn't matter who owns the car, the manufactures warranty comes with the car until it has expired.
As far as what you got for APR, they usually look to individual credit scores. You might have done better getting your loan through a Credit Union or Bank.
All My Best,
〉 Answered on Jun 4th, 2007 by Amy Mattinat, Owner and Author at Auto Craftsmen Ltd
Technically the vehicle that you purchased is a new vehicle because it has never been titled. The warranty probably started when the vehicle went in to service(demonstrator). You may still have been eligible for any new car incentives that were on that model...Perhaps rebates and special aprs. Although it has too many miles to qualify for a new car subvened lease. I would ask your dealer if it qualifies for any new car incentives.
〉 Answered on Jun 5th, 2007 by Burnam Eubank, Dealer Principle at Palmetto Jaguar
As a demo, the car is still considered a new car, but because it is a previous model year, it would not qualify for the current model year incentives. If you got a great price on the car, then you did well. As a demo, the new car warranty went into service when the car became a demo.
〉 Answered on Jun 5th, 2007 by Jenny Trostel, Partner at Anderson of Hunt Valley
I can not speak for Kia, but with Ford, Lincoln Mercury most demmo's have less than 5500 miles on them so that they do qualify for rebates and APR programs. If the vehicle was reported into demo service with the manufacturer that is the date the warranty started "ticking". You would aldo loose 11,000 miles of the warranty. Some dealers will give you OR give a good price on an extended warranty plan. The vehicle you bought is 2006 and probably did not qualify for any incentives because it is a leftover(meaning the 2007's and some 2008's are already out). Most manufacturers end incentives on leftovers at some point so they can focus thier advertising dollars on the new models. Because you didn't qualify for most of the new car benefits this vehicle should have been priced accordingly.
〉 Answered on Jun 6th, 2007 by Shelly LoCascio, Dealer Principal at Irwin Lincoln Mercury Mazda