It is often possible for a new car buyer to receive a free loaner vehicle from the dealership. however, there are several factors which can affect whether or not one can receive this benefit.
*the purchase price of the new vehicle is important. if it's more than $20,000, you have a chance of receiving a loaner if you ask in advance and put in your paperwork when they appraise your trade-in.
*if your income is less than $40,000 per year and you're financing at least 60% of the cost of the new car, they may provide a free loaner when they do pre-approval on financing documents that merely require their internal approvals before they submit
when should a dealership give you a loaner car?
i recommend giving customers a loaner car if they are without transportation for more than three weeks. the inherent risk of the situation warrants the safety measure, and this behavior will not only guarantee customer satisfaction but also it is likely to be cheaper for you in the long run. if you have any specific criteria that would satisfy your underwriting standards, then by all means mention them to your clients.
how do i get a loaner car from a dealer?
if you have a car loan with your dealership, there should be a no-hassle process for the receptionist to take care of everything. otherwise, approaching a member of staff who can make it happen is necessary.
what do dealerships do with loaner cars?
the dealership sells the vehicle to a new customer, who steps into ownership. sometimes rotation is accomplished by having low-mileage cars sitting in one section of the lot and high-mileage cars in another area, with frequent switching back and forth. some dealerships rotate loaners more quickly than others and provide daily trade-ins for customers looking to get the newest car available on the market.
other times, though rarely “rarely,” there may be a third option–the division of vehicles between an enterprise rental division and your dealership's service division or detailing division so that drivers can imagine what it would be like to own that same vehicle when they're off duty or when their own vehicle requires repair work. this also
do dealerships give you a courtesy car?
why, yes! quite often in the world of used cars this is a possibility.
many dealerships will offer their customers a courtesy vehicle for up to one week while their vehicle is being serviced or repaired. the customer just needs to ask and most times they'll oblige with no problem at all. requesting details such as size and color can assist with matching you to the best car on the lot that is available for your needs.
