What is loaner?

A loaner is a temporary replacement product or item that is given to a customer while their original item is being repaired, serviced, or replaced. This service is provided by many businesses, such as car dealerships, electronics stores, and rental equipment companies, to ensure customer satisfaction and minimize inconvenience. Loaner items can range from cars and electronic devices to power tools and home appliances. In some cases, loaners may be provided free of charge, while in others, customers may need to pay a fee or deposit. Overall, loaner services help to maintain customer loyalty and minimize downtime for individuals and businesses.