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When you are looking to buy a new car in the UK you may find your are offered a 'pre-registered' vehicle as an alternative. The salesperson can describe such vehicles as 'basically a new car', and in many ways the vehicles do offer what a new car can. There are some significant differences too. Here we explain the basic differences between buying a new vehicle and a 'pre-reg'. 'Pre-reg' cars exist as motor dealers will often 'self-register' new car stock to hit new car sales targets that may attract significant manufacturer bonuses as an incentive to do so. These bonuses, plus the fact that the dealers will pay far less for the vehicle than you or I, means that dealers will offer 'pre-reg' cars at a price far lower than the cost of a new one. Often, pre-reg cars can be on the same plate as a new one too. So what are the differences between a new car and a 'pre-reg'? The first, and perhaps most obvious difference is that with a brand new vehicle you are the first registered keeper (or owner) of the vehicle, as listed on the V5 document (aka the 'log book'). With a 'pre-registered' car you will find that you are the second keeper on the V5. The first keeper is often the motor dealer you buy the vehicle from. On other occasions, first keepers can be the dealer group or a fleet company. There can also be a period of time that the vehicle has already been registered even if the vehicle has not moved. Pre-reg cars can often have the same handful of miles that a brand new vehicle would have if you bought it. As you get a set period of manufacturers warranty (plus possibly roadside recovery) from the date of first registration, buying a pre-reg vehicle can see you get a shorter period of warranty cover. In essence, you will lose the period between the date the vehicle was first registered and the date you bought it. Often, for legal and taxation reasons, motor dealers must retain vehicles for a set period after they register them. This is often 90 days. There can also be differences in the way that your motor insurer can offer cover to you when comparing a new car to a 'pre-registered' vehicle. Many motor insurers provide 'new car replacement' cover in the first year of your ownership. This can require you to be the first registered keeper for the vehicle to qualify. This requirement is not met with a 'pre-reg' vehicle. Buying a pre-registered vehicle can provide you with a significant cost saving when compared to the cost of a brand new vehicle. You have to consider the features you may lose before deciding whether the benefits outweigh the loss of these features. For more information on what Total Loss Gap can do for you on a pre-reg car please visit : https://totallossgap.co.uk/pre-regist...