When buying or leasing a brand new car, you obviously pay a premium to be the first one who drives it on the road. While some drivers don�t want a used car, they would consider buying a pre-registered, ex-demo or a nearly new car in the knowledge that, whilst the car is not brand new, there are serious cost and value advantages to considering cars that still have that new car smell but not the new car price tag. Let�s have a look at what the terms actually mean: