How to Buy a Loaner Car
- 1). Go to the manufacturer's website of the loaner vehicle type you want to purchase to locate a dealership phone number and address, if necessary. Call ahead to check loaner car availability.
- 2). Ask the dealer representative to email you information about the loaner vehicles you have to choose from. If you already know which vehicle you are interested in, make an appointment to test-drive it. The dealer may need to arrange for the vehicle to be at the dealership at the time you visit.
- 3). Visit the dealership to inspect the loaner car you chose. Take it for a test-drive. Make sure you check the vehicle mileage once you arrive back at the dealership.
- 4). Inspect the vehicle for dings, dents and scratches. Make sure there are no broken pieces inside the vehicle and check to ensure that the spare tire is in place. Arrange to have the vehicle looked at by a mechanic if you prefer.
- 5). Discuss pricing after you've decided that the vehicle is the one you want. Ask to see the window sticker to determine your discounts and to ensure that you are saving money by choosing the loaner car. Generally, 15 cents per-mile over 500 miles on the odometer is a fair discount off of the vehicle's manufacturer's suggested retail price (MSRP).
- 6). Agree on pricing with your sales representative. Fill out a finance application if you are using the dealer for lending or go to your bank to get a bank check or cash for your purchase.
- 7). Make an appointment to sign paperwork and take ownership of the loaner vehicle. If the dealer allows, you may be able to bring the car home the same day. Complete your lending contracts, if necessary, your state motor vehicle paperwork and take ownership of your new car.
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