A new vehicle is a car, truck or other type of motorized transportation that has never been previously owned or driven by another individual. It refers to a vehicle that is either brand new from the factory or one that has been used for demonstration purposes and then sold as a "new" unit. The term can also refer to vehicles that have been leased, but are now being resold by their original lessee. In any case, a new vehicle is typically covered by warranty and has low mileage compared to pre-owned or used vehicles.