Hertz is trying to unload (dump) tens of thousands of their model 3’s but they are turning down bids in the low $20,000s. Seems they want at least 50% of the value in the current used car market. Though they got screwed because they paid a much higher price for them 2-3 years ago than a new one costs today. And their cars apparently don’t have the full self driving technology installed.
They will have to take a bigger haircut to move that inventory. You can lease a brand new model 3 for $300 a month. Not the same as owning, but, you also don’t have to worry about a battery replacement in X years. Think of it is as a long-term rental. You do end up paying about half the price of the car in 3 years but it may not even have that much residual value in 3 years. It’s all unknown. So a lease may be a hedge for those who really want to go electric. It will cost about $150 more a month on a lease if you want the FSD package but the car will have the capability if you choose to add it later.
Killer deal.
0.00% chance of a 50% residual at the end of the 3yrs.
Taking a quick glance at some of the Hertz sub $25K Teslas, they have a lot of miles on the odometer. If the EV is under $25K it is eligible for the $4K fed incentive. One car for example, was a 2022 M3 with ~85K mile listed for $22.5K. The battery warranty will run out in about a year of normal driving.
You also can lease from Uber or Lyft by the week or month a Model 3 or Y. They don’t require you to actually drive it as a Uber driver but in a single day you can make the lease payment for the month especially if you lease a black model Y that qualifies for Uber Black and those avg $200 hr in the big cities like L.A., NYC, DFW. You can turn it back in no questions asked no mileage fees and no worries about the battery warranty.