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Hertz has declared bankruptcy and while I’m certain Hertz will live to fight another day, it’s liquidating inventory at amazing prices. I have certainly been guilty of carrying a personal bias against buying rental cars in the past ( because I tend to think people beat the living hell out of them) but when you see deals this good and miles this low…it get me thinking. 2019/2020 vehicles with 5k to 20k miles selling over 50% off their original MSRP…wow!
My fiancee and I have been looking at a new vehicles ( perhaps to aid us in our RV adventure – it’s an evolving ambition – airstream, maybe?) and I’ve seen a growing number of Hertz vehicles on the likes of Autotrader, Edmunds, Cars.com, Cargurus, and Autotempest. I knew the auto giant was in trouble, but if you simply go to Hertz Car Sales you can see all the inventory.
I’ve put together a little list of cars that piqued my interest, namely luxury cars at some great discounts. One thing is for sure, rental companies maintain their vehicles really well, and if you’re in the market for a high end vehicle, I’d consider poking around.
Also, this is purely conjecture, but I’d guess someone renting a BMW 7 series isn’t exactly looking to beat it up in the same way someone renting a Corvette Z06.
*All images below are courtesy of Hertz
Hertz is also offering a Rent to Own plan + home delivery in many areas
This is pretty cool. You can choose this option, get your vehicle at a reduced rate, try it out for 3 days, and if you like it, you buy it. If not…return it.
Check out this 2019 BMW 7 Series…$42k with 17k miles ( MSRP is $87k+ )
As you can see, this is selling below KBB fair market value.
Or if 2020 is more your style…$10k under KBB a 740i for $52k
2020 Chevy Camaro 2SS with a 6.2L V8…under $35k
Or a 2019 droptop with for $22k?
A slew of 2020 BMW 3series for $31k…well below KBB
Or a 5 Series for $6k under KBB…just $33k
Overall
I think deals like these will continue to abound, and personally I think we are will see a tsunami of bankruptcies hit us come fall. Much of what the Fed has done is create a completely distorted stock market that is sucking the retail investor in while the institutions stay on the sideline. Liquidity isn’t a remedy for insolvency which Hertz has demonstrated, and not to be utterly pessimistic, I think we will see more companies that have been a staple of the travel and retail sector face the same fate. If you’re sitting on cash, and have been considering purchasing a vehicle, clothes, etc – I believe we will see a lot of deals similar to these as the year unfolds.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.