EV slump, Hertz fire sale take used Teslas to 'no haggle' $25,000 price

When considering purchasing a used EV from Hertz, consumers should be aware of a few potential drawbacks related to the nature of rental fleets:

1. Higher Mileage: Since rental cars are frequently used, the mileage on Hertz's used EVs can be relatively higher compared to other used vehicles. This could lead to more wear and tear on the vehicle, and potentially, more frequent maintenance needs.

2. Possible Aggressive Driving: Rental cars are often driven by various drivers with different driving habits. Some drivers might engage in aggressive driving, which could cause additional wear and tear on the vehicle.

3. Potential for Unreported Damage: While Hertz performs a 115-point inspection on its vehicles and includes a 12-month/12,000-mile limited powertrain warranty, there is still a possibility that some damage-related events might not be reported. This could result in unexpected issues after the purchase.

4. Limited Selection: While Hertz has a variety of EVs available for sale, the selection might be limited compared to other dealerships or online marketplaces. This could make it more challenging for consumers to find the exact model and features they desire.

5. Rental Fleet Maintenance: Rental fleets typically have more vehicles undergo regular maintenance and repairs. While Hertz ensures their vehicles are in good condition before selling, there could still be potential issues that arise due to the rental fleet's maintenance history.

6. Used EV Prices Fluctuation: Used EV prices have experienced significant fluctuations in recent years. While this could lead to potential savings for consumers, it also adds an element of uncertainty when determining the resale value of the vehicle.

It's essential for consumers to weigh these potential drawbacks against the benefits of purchasing a used EV from Hertz, such as lower prices, a certified inspection process, and the availability of warranties and protection plans. As with any used car purchase, conducting a thorough inspection and taking a test drive before making a decision is highly recommended.

Hertz offers a 12-month/12,000-mile limited powertrain warranty on its certified pre-owned vehicles. This warranty covers the cost of repairs for the engine, transmission, and drive axle during the warranty period. In addition, Hertz offers vehicle protection plans that extend beyond the warranty, providing coverage for mechanical breakdowns, roadside assistance, and rental car reimbursement2.

Compared to other used car retailers, Hertz's warranty and vehicle protection plans are relatively comprehensive. Many used car retailers offer similar warranties and protection plans, but the specifics can vary depending on the retailer and the vehicle. It's important to carefully review the warranty and protection plan offerings from any used car retailer to ensure you understand what is covered and what is not.