Wow Hertz still exists? Haven’t seen a commercial or building for them in ages. And has half a million cars? Crazy. It’s definitely gonna crash the used car market. But that’s probably good, it’s been inflated since cash for clunkers gutted inventory. When a 3 year old used car is selling for only 3 grand less than the new model the market is wrong.
Carl Icahn levered them up to the gills and wasn’t prepared for a downturn. Lenders will lose.
When a 3 year old used car is selling for only 3 grand less than the new model the market is wrong.
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True. This is just one of many valid points that refute the old and incorrect notion that it’s always better to buy a nearly new car than a new car.
Will Hertz be offering a new car warranty? Will they be offering dealer finance at 1 or 2 percent?
Look. if you’re like most people and drive a car for at least 8 years, then for crying out loud - BUY A NEW CAR!