I am looking for a compact SUV, or mini, or electric.
What’s a good way to look for demo or loaner cars in this market. I remember seeing people search for new cars on edmunds or other places but don’t remember exact way to search.
If a car is listed by dealer under used, a 2020/2021 model with 3k miles, does that usually always means it can be leased?
Am I just wasting my time going into these kind of cars in this market?
For particular brands, a search here can point you to the specific loaner/demo rules (age/mileage and residual adjustment) - different for each brand
Edmunds is still authoritative on the lease programs, so if they tell you (for instance) a 2021 isn’t leasable anymore, it isn’t. You can forget about any 2020s.
What a horrible way to look for a car… figure out exactly what you want and then search for the best deal…
You’re going to be driving it for 2/3 years so at least pick out something decent instead of just looking for a “deal” on anything you can get your hands on.
Many folks here (myself included) have driven a wide variety of cars over the years and many of them were “deals” that we didnt even know we liked until we looked into it.
This is the old “shop the deal or shop the car” scenario. We all know that there can be wide variances in total lease costs between cars that are otherwise competitive in their segment, so if one is locked into a single model…they will basically get blasted here on this forum
As @StingerTT has already mentioned…there no easy button on finding demos (especially now) and the discounts on them may not even be palatable to you when all is said and done. Ive never minded demos in the past (In fact Ive massively preferred them as the savings possible were so significant, especially on BMWs), but currently this is no longer the case. And, demos/loaners now (in many cases) have ALOT more miles on them than they used to.
This is spoken like a broker or a dealer, who likes to “tell it straight”.
Sometimes a buyer has flexibility, in terms of switching brands, switching trims, switching up if it’s a loaner or not. They have that flexibility in exchange for obtaining more value.
The premise of this whole website was initially started to extract more value on deal making, there’s really nothing wrong with that.
Not aware of OP’s specific financial situation, but not everyone can afford to look for a car they want. Sometimes people need to look for cars they can afford. Or maybe they just have a specific budget.
“Driving any car for the right price” describes a lot of these deals posted on this site
I found a 530e exec demo in 2019 that had 1900 miles on it. It was a great deal and a great car. I, too, have been searching for another one like it as the 2019 lease is coming due. I have good relationships with sales managers at two BMW dealerships. Both told me the demo play is over. The discounts previously found on demos are no more. While they spoke specifically about BMWs, they both told me that their advice pretty much holds for other brands. I wanted to see for myself, so I started looking around and havent found anything of value. The searches I conducted when looking for the 2019 years ago are fruitless.
It depends on the manufacturer and whether there is lease support available. Given the current market, most manufacturers do not need to incentivize leasing on new cars, so forget about demos/loaners, IMO.
Is there a reason you are looking at loaners in 2022?
Have you narrowed down your top 3 choices? If yes, care to share?
Aside from the fact that deals are getting rarer, with loaners in particular dealers are punching fewer new cars as service loaners, and some brands stopped altogether. Lazy though it may sound, if I was targeting one I probably would just check the marketplace to see what a broker had.
Dealers who are selling used/cpo for msrp are unlikely to discount these much, and the residual adjustment when leasing eats into any “savings”. As others said, it’s possible but takes a lot of legwork in this market.