Probably market given the miles with current pricing.
Hertz is selling off a portion of its Tesla fleet... cheap.
- Thread starter mrsilv04
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I $20k ain’t bad [/QUOTE] Yeah but I see a lot of them (in my area) are already high mileage 80k miles on some. The low mileage below are 27 and 28k The GM Bolt are really cheap either when you take into account a smaller tax credit AND the fact that GM will install a charger outlet in your home for free with new purchase. [ATTACH type="full" width="727px" alt="Screenshot 2024-01-10 at 8.44.42 PM.png said:
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Its not just Tesla's there are Bolts and even a BMW in this area.
Anyway, it's clear. EV rental business was a huge failure. All the press hoopla turns out to = fail and very costly to Hertz, they just didnt learn, were doing well pulling out of bankruptcy and decide to get into the EV rental business. It's unreal how top level management in corporations can make such incredible mistakes.
Ok, well, thanks to the OP maybe I'll get back into seeing if any Bolt maybe even Tesla bargains are near me. *LOL*
My god 41 PAGES of used and barely used EVs!
Edit = maybe I am crazy, it jsut doesn't seem like they are exactly giving them away - Pass
Anyway, it's clear. EV rental business was a huge failure. All the press hoopla turns out to = fail and very costly to Hertz, they just didnt learn, were doing well pulling out of bankruptcy and decide to get into the EV rental business. It's unreal how top level management in corporations can make such incredible mistakes.
Ok, well, thanks to the OP maybe I'll get back into seeing if any Bolt maybe even Tesla bargains are near me. *LOL*
My god 41 PAGES of used and barely used EVs!
Edit = maybe I am crazy, it jsut doesn't seem like they are exactly giving them away - Pass
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I don’t know because I’m not interested in buying one, but in 2021/2022 were rental car companies getting tax credits from the government on EV sales? If so, that means Hertz is basically selling these for brand new price minus tax credit, but with 80k miles? I hope that’s not right….
I treat rental cars like they are my own. I'd never dream of purposely abusing a rental car. When I gas them up I always put Chevron or Shell in them.
Scott
You're the exception, trust me. I'm the same way. There's a reason why there's the saying that the fastest car in the world is a rental car.
Regular? or Premium?
I have no problem with a low mileage rental, once you confirm as best you can it wasnt repainted anyplace. Bought a low mileage Mazda at the time still under factory warranty, 2012, now 95,000 miles, never needed a repair, car still runs great and got it crazy cheap, book value is still within a conservative $7000 of the purchase price.
Years back, daughter out of college, student loans etc. Bought a Ford Fiesta 2013 or 2014 maybe 2 years old at the time, low mileage again Enterprise, daughter is doing very well financially but still drives the car, I wish she would get a new one *LOL* same drill, never a repair.
Way back bought a 2008 Durango, same deal, year old during the financial meltdown of 2008/09 it was a dealer and cant be sure where it came from. Never a repair.
All three vehicles were under factory warranty when we bought, I think my daughter even got an extra year from Enterprise as my wife too or something like that.
I dont disagree that some rental cars are abused but since owning those cars above I have a theory that makes me more than comfortable buying a rental, if the right price. Not everyone drives and abuses rental cars, not even close, so I look at it this way. If you are buying a used car from one person how do you know they or a family member didnt constantly abuse the car during the entire time they owned it? You dont
Now buying a rental IF the terms, price and factory warranty are right for this simple reason. With multiple drivers of a rental car no one person is diving it, it's a whole mix of people. I would prefer this over one private driver and his family who abused the family owned car for the duration that he owned it or even a car dealer re-sale. No hard and fast rules but my thoughts, I look at everything when it's time and take it from there. I just feel now that we did it, I rather have a low mileage still under factory warranty rental knowing there wasnt one person or one family driving the vehicle the entire time, like you, I dont really know family people that tear up rental cars any more than private owners.
They had a deal going when they were liquidating their Corvettes a few years ago.
Hertz does stuff in waves. They're always changing up special models so whatever the big deal was that year is what you'll see.
Even if you get a good deal on a 9k mile car there's a reason why they got rid of it that early. There's no variation on a rental that was a good deal. If they could make money on it, it would still be renting. Spend any time on a major rental lot and you'll want to fully inspect the rental before you leave, tires, tire pressure, and brakes in particular.
I get that, but I made the presumption that liability / insurance costs were the deciding factor to liquidate the Vetts. Just speculating.
No, they just do them as premium rentals and high mileage Corvettes don't sell well. I do understand your line of thought though. They won't keep them around long enough for them to look beat because of this. Insurance cost isn't really a thing either. They are licensed as a self insurer. They don't have to pay an insurance company and a written off car is a tax writeoff. There's a lot of dirty stuff financially that happens behind closed doors. Hertz is the perfect example of a company that is doing dirty dealings in plain sight, but it's an accepted brand so it flies. They've been under investigation multiple times for tax related issues because of their write offs and a crooked CEO in the past.
My company rents forklifts. I’ve seen brand new less than 100 hour units with oil pans torn off and still driven until they locked up.
There was more than paint... They ended up putting a lanyard from the engine block to the frame to ensure the car came back with the original engine.
More than one came back with a V6 in place. Even happened when I worked there with the first run of the modern GT-H in either 2006 or 2007. I can't remember which. I want to say 2006 was the hard top and the 2007 was the convertible.
According to Jalopnik, one might qualify for a $4k used electric car tax credit, making these start at $16k. And the factory warranty goes to 100k so buyers can get a few miles of their own in, with coverage.
Of course the inverse way of reading that is that Hertz doesn't want to touch these with a 10-foot pole outside of warranty.
Of course the inverse way of reading that is that Hertz doesn't want to touch these with a 10-foot pole outside of warranty.
And Tesla won't want to touch them with their history and when they do it won't be cheap. I think Tesla will be like buying a cheap Jaguar, it'll be the most expensive car you've ever bought. Don't worry, I tested that theory.
I'm familiar with the industry. I'm sure Hertz sold a lot of ICE cars too, it's the EV's they're having the major issues with. Bottom line going all in the way they did in hope to be greener than their competition didn't pan out the way they hoped, and cost them in a big way.
I'll be the first to say that an EV is a horrible idea for a rental. Hertz had the worst grasp on it for charging too. I think it's a great solution for specific uses for the right consumer, which isn't what a rental is. The most depressing, mundane, rolling crapmobiles make the best rentals. It's what kept the Chevrolet Malibu and the Chrysler 200 alive for so long. They're basically salvage after 40,000 miles in a rental fleet.
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