What are pre-registered cars?
Pre-registered cars, or pre-reg cars, are vehicles that are like new. They’ve never been owned by a member of the public and they’ll likely have very few (if any) miles on the clock. However, pre-reg cars are owned by and registered to a dealership, broker, or leasing company.
Why do cars get pre-registered?
Basically, manufacturers – in order to increase their sales figures – incentivise dealers to pre-registered cars, providing them with a bonus. And dealer’s take on pre-reg cars in order to meet their own sales targets. It’s something of a win-win situation for both, allowing dealers to make more profit and giving manufacturers sales PR to use against the competition.
Is a pre-registered car a new car or a used car?
So, is a pre-reg car a new vehicle or is it used? That’s a good question and whilst a dealership may try to convince you it’s new or essentially new, pre-registered vehicles are actually classed as used. Sure, they may be in top condition and they’ll likely be low mileage cars too, however, pre-reg vehicles have been registered, with the dealership’s name listed as the first owner on the V5C document. And because the vehicle’s registered, the pre-reg car is now classed as used – even if it’s never been driven off the forecourt.