Posted on 01/10/2024 10:57:23 AM PST by dennisw
Car rental service Hertz Global Holdings Inc (NASDAQ:HTZ) has started selling its used Tesla Inc (NASDAQ:TSLA) cars on the company website, months after it announced its intentions to scale back on the EV giant’s vehicles in its fleet.
What Happened: Hertz Inventory now shows about 518 Tesla vehicles for sale with about 455 Model 3 vehicles. The remaining are the EV maker’s best-selling Model Y.
The lowest price for a Tesla vehicle from Hertz’s inventory is $20,700 for a 2021 Tesla Model 3 Standard Range with solid black exteriors. The vehicle has traveled 86,929 miles and is located in Florida.
The lowest-priced Model Y available for purchase is a 2022 Model Y Long Range which has traveled 85,490 miles and is priced at $31,100.
For customers looking to buy a Tesla car who don’t mind if it was previously a rental, the inventory offers attractive choices as a custom-ordered Model 3 now starts at $38,990 and a Model Y at $43,990. Most of these vehicles are also within the battery warranty limits set by the EV maker.
Hertz CEO Stephen Scherr explained that the decline in the Manufacturer’s Suggested Retail Price (MSRP) of EVs, particularly Tesla, throughout 2023 led to a lower fair market value for Hertz’s EVs compared to the previous year.
This decrease resulted in larger losses and higher burdens in the event of salvage, negatively affecting EBITDA. Scherr emphasized that the third-quarter EBITDA margin would have been significantly higher if the entire fleet were traditional combustion engine vehicles.
I wouldn’t buy anything from Hertz
The Tesla of your dreams is waiting for you. At the Hertz used car lot.
Hertz would have to pay me $20K to take one off their hands...LOL
That’s just what he did after he killed two people lol
I was temped to rent one from Hertz on my last trip.
It was 3x the cost over a basic Nissan.
“I wouldn’t buy anything from Hertz”
What? Why not? Don’t you like knowing that a Toyota Corolla rental can also double as a 4-wheel off-road vehicle??
wait tell the govt starts selling for more bumpers
or check these guys.
https://bumpersuperstore.knoji.com/promo-codes/
Sorry, my apartment lease says “NO battery EV cars allowed.” Full stop.
>>I wouldn’t buy anything from Hertz
Yep - don’t ever buy a car that used to be a rental - more likely than not you are going to get a car that has been beat to hell. Learned that the hard way when I was much younger.
Hertz is learning virtue signaling ain’t cheap. Just a few months ago their idiot CEO was talking about transitioning most of their inventory to EVs’ Hertz needs to sell off their CEO at a huge discount
I wouldn’t take one if they gave it to me.
I recently rented a car and did the cheaper option and reserved a “mystery car”. When I went to get the car they told me “Looks like you’ve got an EV.” I promptly told them that I didn’t and to give me a gas car. If I’m renting a car for vacation I’m not gonna piss away my time waiting for a stupid charge. I’m willing to bet most people feel that way.
“”The lowest-priced Model Y available for purchase is a 2022 Model Y Long Range which has traveled 85,490 miles and is priced at $31,100.””
Just before the Plandemic, we purchased a used SUV from CarMax for $15,000. It had 25,000 miles on it. It’s great to ‘charge’ it up with gasoline. It only takes a few minutes to ‘charge’ it. Last year we drove from Sacramento to Denver and back. I started keeping track of the EVs on the road. During our trek across The Great Salt Basin, not a single one. Same for across much of Wyoming. We also witnessed the greatness of the trains and trucks that deliver everything to us. Loooong trains with hundreds of containers, sometimes double-stacked containers. Then, so many trucks taking those same containers and delivering them across the Fruited Plain. We even saw trucks pulling three containers. All of that transport, commerce, business comes from using hydrocarbons.
One of Kalifornia’s new 2024 laws is that any new trucks that pull containers in Kalifornia have to be EV trucks. Previously, they passed regulations that only newer trucks could offload containers at the Kalifornia ports. Just imagine an independent operator who keeps their own truck in tip-top shape, but is just too old for Kalifornia. How would any EV truck pull three containers? I can just imagine another democRAT rule banning gas, diesel trucks from pulling three trailers. Since the EV trucks cannot pull three, they will limit the others to just one or two trailers, in the name of ‘equity.’ It’s not ‘fair’ that trucks using hydrocarbons can pull more.
3 of my last 5 used car purchases were former rentals. Haven’t had any trouble out of the ordinary. But yeah, I understand the concern!
I rode in my buddy’s Tesla. It’s a cool car for bumming around town, picking up kids, groceries, etc. But it’s not really suitable for unplanned longish trips.
Elon Musk is not stupid; Tesla has made some real breakthroughs.
But the battery tech is still not there. Too heavy, too long to charge, too unpredictable with respect to mileage, too short of a lifetime, too expensive.
I was in AutoZone today and the guy ahead of me at the checkout counter was talking about how a new battery was going to cost him $16,000.
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