As partial owner of a Chevrolet dealer I can weigh in here. Dealers can use their own new vehicles as service loaners, knowing they will be refunded for the depreciation of the additional miles by the manufacturer in the form of rebates. Unfortunately for the dealer, if the service loaner goes over the allotted miles (in this case 4,500) the manufacturer refuses to give rebates to the dealer. Meaning they still own the vehicle for new car money, when it is technically no longer a new vehicle, and must be sold as a used car now.
As partial owner of a Chevrolet dealer I can weigh in here. Dealers can use their own new vehicles as service loaners, knowing they will be refunded for the depreciation of the additional miles by the manufacturer in the form of rebates. Unfortunately for the dealer, if the service loaner goes over the allotted miles (in this case 4,500) the manufacturer refuses to give rebates to the dealer. Meaning they still own the vehicle for new car money, when it is technically no longer a new vehicle, and must be sold as a used car now.