Should You Consider Demo Cars for Sale

When it comes to Honda demo cars, you may see the discounted price tag and immediately assume that these vehicles represent a great deal. Showrooms often have demo units prominently displayed as a part of their marketing campaign. However, most consumers are unaware that the dealer often offers their salespeople fantastic incentives when they finalise a deal on demo cars for sale. The reason for this is that demo vehicles have a limited lifespan. They are used to showcase the features on the latest models and as transportation for sales managers. However, once the vehicle reaches a certain age or has a certain number of kilometres on the odometer, it needs to be sold to make room for new stock and inventory. This means that you need to carefully consider whether the demo unit is the best deal available to you.

The Advantages of Demo Cars for Sale:

There are a great many advantages to purchasing demo cars for sale. Honda demo cars are often heavily incentivised by the dealership. You may find that not only is the price lower compared to a new model, but the demo vehicle may have additional features and non standard equipment. This can be a great way to obtain more luxury features for a similar cost of a base model. Typically demo models have been cared for at the dealership. This means that it will have been serviced before it is offered for sale, so while it has got kilometres on the clock, it is far more attractive than a used vehicle.

The Disadvantages of Demo Cars for Sale:

Before committing to purchase Honda demo cars, there are a number of potential disadvantages which should be considered. The first is that the vehicle may have suffered wear and tear or damage. Since the vehicle may have been used for some months by a sales manager, there may be damage on the interior trims or upholstery. Additionally, the paintwork may have scuffs, scratches or dents. You will need to inspect the vehicle carefully. You could negotiate on the price if there is any damage or make it a term of the deal that the damage is repaired.

Another potential disadvantage of a demo vehicle is that the manufacturer warranty may have been reduced. Typically, warranties commence once the odometer moves from reading zero. This could mean that your potential vehicle has far less warranty compared to a brand new model. You will need to assess whether this difference is worth the reduced asking price.

Demo cars for sale can be a great way to obtain a higher spec vehicle for a reduced price. Many of these vehicles are offered with similar finance packages that are offered with new vehicles, making them potentially an attractive deal. However, before making a decision, it is important to acknowledge both the advantages and potential disadvantages. This will enable you to make an informed decision as to whether Honda demo cars represent the best possible deal.

If you are considering demo cars for sale, contact us. We have a wide selection of both new and used Honda models including some demo vehicles. Our sales team would be delighted to assist you with any questions you may have or arranging for your test drive.

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A Basic Guide to Honda Car Finance

If you are considering purchasing a vehicle, you are likely to need some form of new car finance. Honda car finance has a number of attractive options, but you need to have an idea of the benefits and limitations of these options to determine which is best suited to your needs.

Personal Contract Purchase Agreements

Personal contract purchase is one of the most popular options for Honda car finance. This is a good choice if you are not planning on upgrading the vehicle for foreseeable future. The monthly repayments are typically quite low with the provision to make a lump sum payment initially. Your monthly repayments are scheduled for a set duration with the balance of the finance due as a lump sum as a final payment. However, there is some flexibility with this type of finance as you can choose to make the final lump sum payment and keep the vehicle or return or part exchange the vehicle against a new agreement.

Hire Purchase:

Hire purchase is considered to be a traditional form of new or used car finance. This agreement allows for your to borrow the funds needed and repay it back over a set term. The amount available to borrow is typically dependent on the amount of deposit put down. Generally, the higher amount of deposit, the lower the monthly repayments and the less interest is accrued. Once the loan has been repaid, the ownership of the vehicle is passed to you. Hire purchase is considered to be a secured loan and should you default on repaying the loan, the vehicle is classed as security and will be subject to repossession.

Credit Purchase:

Credit or lease purchase is a similar form of Honda car finance to personal contract purchase agreements. The main difference is that credit purchase does not have a provision to return the vehicle at the end of the agreement. Typically, you can repay the loan over a longer term and reduce the lump sum final repayment. Credit purchase generally has a more attractive interest rate than many other forms of used car finance. However, the longer the term for the credit purchase, the more interest will accrue and the greater the overall cost. Most people consider this to be the most affordable method of purchasing a new vehicle, as you can set the monthly repayments to suit your particular requirements and budget.

All of these finance options have particular benefits and limitations. Before you commit to a finance deal, you should not only consider the interest rate and monthly repayment charges, but the long term implications of the agreement. For example, you need to be aware of the financial limitations of the arrangement and whether it will be detrimental should you decide to upgrade or change vehicle before the finance term has expired. This will enable you to make an informed decision and be happy with your new purchase.

If you are looking for a new or used Honda, contact us. We have a wide selection of vehicles and our sales team would be happy to discuss Honda car finance options to determine which is best suited to your needs. 

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