Maybe you are considering the purchase of a brand new vehicle in near future, or one day off the cuff you unexpectedly decide to visit your local dealership. You not only notice a sharp looking vehicle loaded with all the options for its class, but you also become drawn in once you notice that the vehicle's attractive sales price.

Maybe you are considering the purchase of a brand new vehicle in near future, or one day off the cuff you unexpectedly decide to visit your local dealership. You not only notice a sharp looking vehicle loaded with all the options for its class, but you also become drawn in once you notice that the vehicle's attractive sales price.

At this point you quickly realize there are no other comparable vehicles on the lot and decide to track down the nearest salesperson to secure your find. However, after consulting with a salesperson you soon discover that your dream vehicle has a little bit of mileage on it, but your still persuaded to buy it.

The salesperson decides to give you a brief history adding that the vehicle was used as a demo. In turn, many questions soon start to fill you're mind. You ask yourself what should I do, does it really matter?

Panic now comes to mind as you soon start to ponder on many other questions such as warranty, rebates, and special manufacture discounts that include "A" or "Z" plans. The salesperson now has the perfect answer for each of your questions while you start to regain peace of mind.

You now find yourself filling out paperwork to discover your new loan payment will be a little higher than expected, but that does not prevent you from taking possession of your new vehicle.

On the way home you start to notice that the vehicle is operating a little rough, but without delay you pass it off considering how the vehicle was always parked at the dealership. Skipping ahead you finally realize that the vehicle seems to have the same problem reoccurring over a period of every couple of months.

At this point you say enough is enough, you declare the vehicle to be a lemon and quickly attempt to return it to the purchasing dealership. While trying to return the vehicle the dealership offers further service reminding you of your warranty coverage, but that is not good enough as you demand for them to rescind the purchase or buy back the vehicle.

Now you soon find yourself without bargaining power considering the vehicle already had five thousand miles at the time of purchase including the fact that you have added over thirteen thousand miles disqualifying your rights under your state lemon law.

Maybe through this experience you feel that you have learned the ropes after buying a demo, until you hear about another unfortunate incidents such as someone buying a demo that had previously been in an accident or where a friend or coworker takes home a demo only to have the financing fall through. Unfortunately, your further told about the bank refusing to provide the loan wishing about how lucky you would have been given the same circumstances.

Your now seeking an answer as to why a bank would refuse to finance a demo. The Bank gives you a simple answer, because no pricing data is available and bank cannot easily evaluate the value of it.

The real question in your case is even without a lemon were you still overcharged, or did the bank simply overlook your purchase of a demo prior to financing?