TeachMeFinance.com - explain Demonstration and test vehicles
Demonstration and test vehicles The term 'Demonstration and test vehicles' as it applies to the area of energy can be defined as ' Vehicles operated by a motor vehicle dealer solely for the purpose of promoting motor vehicle sales or permitting potential purchasers to drive the vehicle for pre-purchase or pre-lease evaluation; or a vehicle that is owned and operated by a motor vehicle manufacturer or motor vehicle component manufacturer, or owned or held by a university research department, independent testing laboratory, or other such evaluation facility, solely for the purpose of evaluating the performance of such vehicles for engineering, research and development, or quality control reasons'.
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