Join Date: Apr 2017
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Thanks for the input everyone! A little update on the situation. The first time I spoke to the dealership I also gave them a rough figure that I was looking to spend no more than $24000 OTD. He called me back this morning and informed me that they would do $25,500 OTD and it's listed at $24,999. I will be getting back to them with all of my questions since the dealership is a little over an hour away. I found this list regarding "demo vehicles" covering what I should be looking out for. Let me know if any of you have any other insight.
* Don’t confuse a “program car” for a demo. Program cars have already been titled and are used by the manufacturer for everything from press vehicles to “brass hats” – those driven by higher-level employees. These vehicles can have as many as 10,000 miles or more.
* Be sure to verify the history of the vehicle with the salesperson the same as you would a used car. Request a vehicle history report and, before buying, have it inspected by an ASE Certified Master Mechanic and a body repair specialist to be sure there is no hidden damage.
* Check the in-service to be sure it will start when you take delivery, otherwise you could lose out on months of warranty coverage if the in-service date coincides when it was placed in demo service.
* Although there is no policy for compensating for the number of miles already on the vehicle, in 2014 the IRS uses 23.4 cents per mile driven to calculate the cost of using a vehicle for medical or moving purposes – so deduct at least 20.0 to 25.0 cents for each mile driven (in most cases, the more expensive the car, the higher the per mile deduction should be, since, generally, the more expensive a vehicle is, the greater its depreciation will be).
* Be sure the vehicle hasn’t been titled. If it has, it’s a used car.
* If the vehicle is new, in addition to the lower price due to mileage, it should also qualify for any manufacturer new car rebates and incentives.
"You know what they say. Fool me once, strike one, but fool me twice... strike three."