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Loaner mounts are vehicle flying mounts. While on these mounts, you do not get slowed or dismounted by daze, and you can mount when moving/falling/in combat. These mounts give a 150% speed increase in the air, and 60% on land. They can only be used in Sholazar Basin, Storm Peaks, and Icecrown. These mounts do not count towards the  Mountain o' Mounts achievement. They may purchased from "Honest" Max at K3 in Storm Peaks for free, so long as you are level 77 and have not purchased Cold Weather Flying.