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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.
As you can see, this is selling below KBB fair market value.
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.
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