Dealer demo as "new"

[w0ss]

There are a number of dealers in my area that have 2013 R-Spec dealer demo's or manager demo's and they are listed as "new". A couple questions before I goto the dealer.

All rebates/programs would be available for these cars?

Warranty would be from mile 0 not the current mile?

How much additional discount would one get? They seem to all be in the 5k-12k miles range.

 

[PMCErnie]

There are a number of dealers in my area that have 2013 R-Spec dealer demo's or manager demo's and they are listed as "new". A couple questions before I goto the dealer.

All rebates/programs would be available for these cars?

Warranty would be from mile 0 not the current mile?

How much additional discount would one get? They seem to all be in the 5k-12k miles range.

It's a new car if it hasn't been titled by a buyer. Should be eligible for whatever discounts are being offered. Your warranty begins when you buy the car. No, the difference between 0 and (say) 2,000 miles on the odo is not returned to you in any way. Of course, you should be able to negotiate a better purchase price if the car has some miles on it. My car arrived with 700 miles on it. My dealer had to swap with another dealer to get it.

 

[AgentSmith007]

It's a new car if it hasn't been titled by a buyer. Should be eligible for whatever discounts are being offered. Your warranty begins when you buy the car. No, the difference between 0 and (say) 2,000 miles on the odo is not returned to you in any way. Of course, you should be able to negotiate a better purchase price if the car has some miles on it. My car arrived with 700 miles on it. My dealer had to swap with another dealer to get it.

It was not the case in my case. I bought 2011 4.6 "manager's demo" on November 15, 2012 with 6,000 miles on it. The car has never been titled so I am original owner with OEM warranty. But warranty started when car was brought into service first time which is October 2011.

Warranty would be from mile 0 not the current mile?

w0ss,

Ask dealer if car was brought in service. If answer is yes, then that date would be when warranty started.

 

[PMCErnie]

Naturally the car's warranty begins at 0, but it's not your car, or your warranty, until you buy it. '-)

 

[Fast55]

Naturally the car's warranty begins at 0, but it's not your car, or your warranty, until you buy it. '-)

Correct, but the time begins on the "in service" date, so it is possible to have quite a few miles on a car before the clock starts. Depending on the number of miles, the OP could probably beat them down quite a bit. I only wish I could have waited this long to by mine, I could have saved $$$$.

 

[Gunkk]

If the car has an older in service date, then the dealer has taken depreciation on the asset against taxes and you should get a "used" price.

 

[Mark_888]

There are a number of dealers in my area that have 2013 R-Spec dealer demo's or manager demo's and they are listed as "new". A couple questions before I goto the dealer.

All rebates/programs would be available for these cars?

Warranty would be from mile 0 not the current mile?

How much additional discount would one get? They seem to all be in the 5k-12k miles range.

In each case, you need to ask the dealer. Just remember to get things in writing and in a sales contract, as verbal statements are not legally enforceable on a purchase over $500.

However, regarding the new car warranty miles, it is always based on the odometer reading, not how many miles you drove it. The same is true for brand new cars that have 5-200 miles on them. The first titled owner does not get extra miles added to their warranty based on the odometer miles at delivery.

 

[w0ss]

Thanks for all the info guys. I will let you know.

 

[jtreadway]

I just bought a black 2013 R-Spec "exec demo" with 12,200 miles on it. Rebates and return buyer discounts were applied ($1,500 Hyundai rebate, $1,000 repeat buyer) Warranty for mileage based items are based on odometer reading, time based warranty starts from 0. I got it for $31,900. My model was flawless, already had hood/trunks wings applied, and had the trunk mat and sun roof deflector installed. I have seen new 0 miles R-specs sedans going for $39,000, but only for the Titanium Gray version. Black ones are hovering in the $40-$42k range, if you can even find one.

I was going to wait for the new Genesis to come out next year, the renderings looked really good. But when I saw the leaked pics a few weeks of the Genesis, I really didn't like the new look. I always liked the Genesis, and I really wantedtone 5.0 engine, so I just stopped by my dealer and stumbled on the black demo model. If you find an R-Spec that you like with low miles on it and is really unblemished, grab it and save some $$ on a great car that is already a great value!

 

[shagnat]

The color of the car will not have anything to do with the price.

Additionally, the dealership pays $xxxx.x for the car. They have no intentions of taking less than they paid regardless of rebates etc.
They will NOT give you a discount larger than their purchase price due to the fact if they did that, then whoever drove that car would have to pay taxes as a "benefit" to them. So, unless their is some strange instance occurring why any "demo" you will not buy it for less than the dealer paid (minus any $$ Hyundai throws their way).

I have over 11 years in retail auto sales and finance and have enough knowledge to confidently tell you this.

Best of luck.

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[Potty_Pants]

I was in a situation where warranty coverage was in question.

If the car hasn't been titled its considered NEW.

The date you buy the vehicle is the date the car is warrantied from.

The mileage the car was sold with is the mileage your warranty starts at.
for instance 500 miles on odometer (and warranty is 3/36) you would be good till 36,500.

there may be concerns over a car that has thousands of miles that hasn't been titled... being covered by the manufacturer.

ppp

 

[Fast55]

I have never seen a manufacturer give you the factory 36K or 60K warranty on top of the miles already on the car. If it comes with a 36K warranty, then you get 36K, not 36K plus the 500 miles you bought it with. What manufacturer offered you that?

 

[Crusty Old Shellback]

Read your paperwork. The warranty starts at the milage on the odo when you buy it. Mine does and has on every new vehicle I have bought.

But on the other hand, I beleive anything over 2K miles is considered used, titled or not. But you better check on that with the DMV.

 

[Fast55]

Don't know about Hyundai and I'm not in the G to check my books, but I can tell you with 100% certainty that at least for GM vehicles it's 36K period, not 36K plus anything. Same for MB. The "in service" date starts the time, but total miles are total miles.

I believe you are correct on the DMV thing.

 

[Potty_Pants]

I wish I could provide you the details of the mileage thing.
unfortunately I had too many cars and too many trips to dealers... I just don't remember.

I do remember thinking it was completely assbackwards and didn't believe service when they told me... I double checked and they were correct.

ppp

 

[Crusty Old Shellback]

Maybe it's the dealer then.

My '08 Pontiac G8 and my '04 Chevy truck both showed in the contract when the warranty expired and it was the total milage, 36K plus what was on the ODO. Same with my Genney. Granted there was never more than 25 miles on the ODO when I bought them.

The new vs used milage is what a dealer told me, so I'd ask the DMV to make sure.

 

[Fast55]

Could be. I have heard the same thing on miles and the DMV, but I'm not sure on the "cutoff". In any event, I think the OP has a great opportunity to squeeze these guys for a good deal. When the 2015's arrive, it'll be some time before they start wheeling and dealing.

 

[Mark_888]

In order for a car to be considered "new" it must not have been sold or leased to anyone (usually determined by title). However, in some states, there are additional requirements in that a car advertised as "new" must not exceed a certain number of odometer miles (such as 500 for example), but this varies by state and many states have no limit on the number of miles if the car has not been titled.

 

[JasTheAce]

Don't know about Hyundai and I'm not in the G to check my books, but I can tell you with 100% certainty that at least for GM vehicles it's 36K period, not 36K plus anything. Same for MB. The "in service" date starts the time, but total miles are total miles.

I believe you are correct on the DMV thing.

I actually had the opposite experience with both. I had 3 miles on the g8 when i bought it and it wqs covered until 36003/100003 etc. The glk had around 100 miles and the lease and warranty started at in service miles.

Extended warranties may be different though, but the idea behind the factory warranty is you can drive the car for x years or x miles. Not giving you the miles is like starting the years from the production date and not the purchase date.