Why did a dealer want me to wait three months to register an ex-demo car in my name?

A month ago I agreed to buy an ex demonstrator Fiat Spider 124. After I paid my deposit, the salesman called to tell me that he couldn't put the car into my name for three months. I didn't really understand why but I was concerned about the implications on my insurance of driving a car that wasn't registered to me. I pulled out and they refunded my deposit. In panic (because I needed a new car quickly), I bought a pre-registered Hyundai i20 very cheaply - which is alright, but not what I wanted. I now have money left to buy a classic convertible with and I will be less worried leaving the Hyundai at the station while I'm at work, but I still mourn for the Fiat. Did I act too quickly in pulling out of the sale?

Asked on 30 July 2017 by Paul Stopford

Answered by Honest John
The basis of the deal on the Fiat Spider was that it was registered as the dealer demonstrator and had to remain registered as the dealer demonstrator for another three months to qualify for whatever preferential price the dealer had bought it for. You would have had to legitimise the proposed deal with your insurer (no different from leasing a car) and would have had the worry that any ANPR tickets would have gone to the dealer as registered keeper and might not have been passed on to you as the 'driver' until additional penalties were incurred.
Dear Honest John,

Please help me choose my next car. I would like it to have:
    Select a few terms below
Similar questions
I want to trade in my 2011 diesel Nissan X-Trail 2.2 for a slightly smaller 4WD. I commute 50 miles a day, but need a 4WD for rough farm tracks. I have a budget of about £20,000 - £25,000 after trading...
My wife and I (76 years and 78 years old respectively) have bought new or nearly new demonstrators for the past 20 years, selling them when they reach 8 - 10 years old. As we live in a rather remote area,...
In about two weeks I'm looking to buy a small runabout car to get me to work and back (about 30 minutes each way). I've come across a Hyundai i10 1.2 SE at a local Hyundai dealer. They have three cars,...
Related models
A good alternative to the MGB and Alfa Romeo Spider - and it's better to drive
Functional and spacious interior, good value for money (especially high spec models), long warranty.


Value my car