As predicted, the Hertz rental car bankruptcy has made an impact on the used car market.
While car buying is generally down across the board due to the financial impact of the pandemic, the used car market has bounced back a bit. Those who still need to shop for a new car are now more likely to look at the used market, in an effort to save a few bucks. That has resulted in stagnant sales of brand new vehicles, but there’s plenty of movement in the pre-owned segment. That includes cars that were pre-owned by Hertz.
The car shopping website iSeeCars.com took a deep look at all the vehicles Hertz recently put up for sale. Among them are some great prices, with select models priced at close to 15% below current market value. You could have anywhere between $1,200 and $7,000 by buying a former Hertz car.
Here’s a graphic that breaks down the biggest savings, by percentage.
iSeeCars.com
As Jalopnik points out, there are plenty of luxury models on that list. The BMW 7 series actually sits on top, with models from Mercedes and Infinity close behind. It stands to reason that the average car renter doesn’t spring for a luxury model, so these used vehicles have barely been used at all. That’s reflected in their low mileage. Many of them have less than 15,000 miles on the odometer. To compare, a brand new BMW 7 starts at around $84,000. Hertz is selling some gently used ones for under $50,000.
Even if you’re not looking for a deal on a luxury vehicle, there are plenty of attractive options for smaller budgets. There is decent pricing on the Kia Forta, VW Golf, and Ford Focus too. You can even find a deal on a used pick-up truck, with Toyota Tundra and Chevy Silveradro models among the to-be-liquidized fleet.
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