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Hertz Car Rental Fire sale Monday #5416626 04/29/20 04:30 PM
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dareo Offline OP
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So Hertz is in trouble, stock down 20% today, and they show a ton of inventory coming up for sale May 4th. It seems to be very aggressively priced. If anyone was wanting to buy something Hertz rents out, this could be your golden chance.


2019 VW Golf Alltrack, 2018 Regal TourX, 2016 GMC 1500 SLT 6.2, 2007 GMC Savana 6.6 Duramax
Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416630 04/29/20 04:35 PM
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eljefino Offline
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thumbsup

So many Sentra SVs and Elantras, and nearly all with ~75k miles!

Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416635 04/29/20 04:46 PM
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dareo Offline OP
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They have tons of nice cars 20-30k miles in SLC Utah at least.


2019 VW Golf Alltrack, 2018 Regal TourX, 2016 GMC 1500 SLT 6.2, 2007 GMC Savana 6.6 Duramax
Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416639 04/29/20 04:52 PM
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The Critic Offline
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Not seeing any "upcoming listings" for the SF Bay Area.


2011 Toyota Prius 1.8L - 207K - Valvoline Premium Blue Restore 10W-30
2007 Honda Accord 2.4L - 146K - Valvoline Premium Blue Restore 10W-30
Re: Hertz Car Rental Fire sale Monday [Re: The Critic] #5416661 04/29/20 05:14 PM
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tbm5690 Online Content
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I wouldn't touch a rental with a 10 foot pole myself...unless it was such a killer deal I couldn't pass it up.


2014 Acura MDX Tech SH-AWD
2014 Nissan Maxima SV Sport & Tech
2007 Honda Shadow Spirit VT1100C
Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416662 04/29/20 05:15 PM
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simple_gifts Offline
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2019 Kona AWD with 20K miles for $16K; if I were not so cheap, i'd be on it.


2004 Prius; 131K; ATM
2007 Yaris 108K ATM
2006 B2300;137K;ALM
Re: Hertz Car Rental Fire sale Monday [Re: The Critic] #5416665 04/29/20 05:16 PM
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390pi Offline
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Hertz is asking us for a 6 month rent deferral on our two properties.
I never realized they had that many cars out at one time.


2019 Ram 2500 4x4 6.4
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2015 Jeep Grand Cherokee AWD 3.0 Diesel
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Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416670 04/29/20 05:25 PM
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Jimzz Offline
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Yea I noticed they were one of the first dealers to lower their prices. I expect the prices to drop more so I am still holding out.

Luckily sold my truck before everything hit the fan. So in a good position now and since I work from home no rush either.


EDIT: Just looked, they are getting desperate. They have 2020 vehicles with less than 10k for sale now. Guess better to sell now then lose even more holding. So yea its desperate but a smart move long-term.


yup
Re: Hertz Car Rental Fire sale Monday [Re: Jimzz] #5416682 04/29/20 05:43 PM
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Leo99 Offline
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Originally Posted by Jimzz
Yea I noticed they were one of the first dealers to lower their prices. I expect the prices to drop more so I am still holding out.

Luckily sold my truck before everything hit the fan. So in a good position now and since I work from home no rush either.


EDIT: Just looked, they are getting desperate. They have 2020 vehicles with less than 10k for sale now. Guess better to sell now then lose even more holding. So yea its desperate but a smart move long-term.


The used car guys will gobble them up if if makes sense for them.


Without data you're just another person with an opinion. W. E. Deming


2004 Corolla 125,000 miles
2004 Rav4 399,852 miles (RIP)
2015 Camry 101,000 miles
2020 Rav4 6,000 miles
Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416685 04/29/20 05:49 PM
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Lolvoguy Offline
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Just like at auto dealers and small car lots, whenever a car sits, it depreciates and suffers "lot rot".
This depreciation is accelerated by the current market situation and will not get better, only worse for those sitting on large inventories.
They know this, and are attempting to mitigate the amount of loss they are suffering.

...makes sense


06 Lexus IS350- Wife
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Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416704 04/29/20 06:10 PM
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dishdude Online Content
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Took a quick look at the inventory here and I didn't see any great deals.


2018 Challenger SRT 392 PUP 0w-40 Wix 57899XP
2018 GTI M1 Euro 0w-40 Wix WL10024
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Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416705 04/29/20 06:10 PM
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CARJ Offline
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The prices are pretty crazy. Many 2020 models with 20k or fewer miles for way less than MSRP.


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Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416722 04/29/20 06:39 PM
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bdcardinal Offline
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The webpage doesn't seem to want to work right now. I wonder how many cars they lost in that fire at RSW. That happened right after I flew out of there. We had a really nice Fusion for a rental, well it was stripped down but it would make a decent daily driver.


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1995 Ford Mustang GT

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Opinions expressed are my own.
Re: Hertz Car Rental Fire sale Monday [Re: tbm5690] #5416731 04/29/20 06:45 PM
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PowerSurge Offline
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Originally Posted by tbm5690
I wouldn't touch a rental with a 10 foot pole myself...unless it was such a killer deal I couldn't pass it up.


Rentals are beat to heck and back. The vehicle would have to be really, really cheap and I mean cheaper than what they offer them for.


1993 Porsche 964, 2001 Ford SVT F-150 Lightning, 2004 Chevrolet Corvette, 2018 Toyota Tundra and a few others
Re: Hertz Car Rental Fire sale Monday [Re: dareo] #5416738 04/29/20 06:54 PM
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JC1 Offline
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I would hold off for now. As much as everyone wants to get back to normal, this may be a while IMO.


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1997 Honda Civic CX 5w-30 PPPP/Fram Ultra Filter
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