If you`re in the market to purchase a new car, you may have heard the term “dealer loaner car agreement” thrown around. But what exactly does this mean and how can it benefit you?
A dealer loaner car agreement is essentially an agreement between a dealership and a customer in which the dealership provides a loaner car to the customer while their own car is being serviced or repaired. This can be particularly helpful if the service or repair is expected to take a longer amount of time, and the customer needs transportation in the meantime.
Why would a dealership offer a loaner car to customers? There are a few reasons. First, it can be a way to entice customers to choose their dealership over others, knowing that they`ll have access to a loaner car if needed. It can also be a way for the dealership to build customer loyalty, as customers who have a positive experience with loaner cars may be more likely to return for future service and potentially even future car purchases.
But what about the customer? How can a dealer loaner car agreement benefit them? For one, it can provide peace of mind knowing that they`ll have transportation while their car is being serviced. This can be especially important for those who rely on their car for work or other important commitments.
Additionally, some dealerships may offer complimentary loaner cars as part of their service package, which can save customers money on rental car fees or other transportation expenses.
It`s worth noting that there may be some restrictions or limitations to dealer loaner car agreements. For example, the customer may need to have a certain level of insurance coverage to drive the loaner car, or they may be responsible for refueling the car before returning it.
Overall, if you`re in need of car service or repairs and are considering a dealership that offers a loaner car program, it`s worth exploring this option further. It can provide peace of mind and potentially save you money on transportation expenses, while also building a positive relationship with the dealership.