Hertz, man are they a bunch of screwups.
I knew a VP at hertz who was a big part of their EV program.
He died a few weeks ago, and I don’t know if he really knew that he helped ruin that company.
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.