A Los Angeles man thought he was getting a bargain when he negotiated a good price for what appeared to be an intriguing "demo" car: a late-model BMW 5 Series with 10,000 miles on the odometer. He was about to sign the sales contract when the dealer pushed a disclaimer toward him. Reading the fine print, he learned that BMW had used the car on a racetrack for a high-performance driving school. The buyer backed out.
Stories like this underscore the importance of verifying the history of any demo car, particularly one that has a significant number of miles on it. If it truly is a "demo," or demonstration car that's only used for giving test-drives at the dealership, it could be a good way to save some money on a nearly new car. But shoppers need to do extra research to make sure they really are getting a good deal.