What are Executive Loaners?

A limited budget doesn’t have to stop you from enjoying the elevated drive offered by the Genesis! Although a Certified Pre-Owned Genesis may help you save serious cash on all your wish-list items such as must-have safety or convenience features, Genesis of Highland Park is here to help you explore your full suite of purchasing options!

When you’re on the market for a luxury vehicle, don’t compromise on quality. Certified luxury cars come with a number of factors beyond your control, including prior service records, age, mileage, and more. With so many factors you can’t account for, finding a pre-owned luxury vehicle that meets all your needs most often comes down to sheer luck of the draw.

Thankfully, you have more options.

At Genesis of Highland Park, we offer a variety of executive loaner or service loaner Genesis vehicles at attractive, competitive prices. These vehicles are a great bargain for those looking for the athletic performance and luxurious comfort of a Genesis without playing the certified car lottery.

But what is a Genesis executive loaner vehicle?

If you’ve never heard the term executive loaner before, don’t worry—Genesis of Highland Park is here to explain. Genesis executive loaner vehicles are models owned by the dealer that remain on the lot and are used solely for business. Appropriate business use may include serving as temporary rentals for clients of the service-center who need a vehicle while theirs is being seen. Genesis executive loaner vehicles differ from demonstrator vehicles in that demonstrator vehicles are new and have only been driven by dealership personnel and are not registered with the state.

Loaner inventories help skew the resell rate (within 12-18 months) of luxury vehicles much higher than average, because dealers are encouraged to keep new vehicles in their executive loaner stock! These loaners let drivers experience the enhanced performance of a new Genesis closest to its factory-fresh peak. Executive loaners that are phased out are added to a dealer’s pre-owned inventory, helping keep room open in the courtesy fleet for newer models.

Why buy a Genesis executive loaner vehicle?

There’s no shortage of reasons to consider purchasing a Genesis executive loaner vehicle, including fantastic, competitive pricing, greater quality assurance, as well as a higher degree of confidence in your pre-owned Genesis. In addition, purchasing an executive loaner after it’s been retired from the courtesy fleet allows you to avoid the greatest value depreciation for luxury cars, which happens within the first few years of service; instead, this cost is shifted to the dealership, who eats the loss rather than you. At Genesis of Highland Park, we’re more than happy to shoulder this cost to keep our client base satisfied and with access to these great luxury vehicles.

Because our Genesis executive loaners live on our lot, the team at Genesis of Highland Park is responsible for their upkeep and maintenance. Our expert technicians and mechanics take care of everything from tire rotations to detailing in order to keep our courtesy vehicles running at optimum efficiency! Finally, because we carefully select the Genesis vehicles that become part of our Genesis executive loaner fleet, you can be sure that our selection of retired executive loaners represents the very best we have to offer.

Browse our inventory of Genesis executive loaners today!