I guess this means there will be a glut of 1-3 year old used cars available in the near future for very reasonable prices.
Best car my family ever had (until my grandmother died and left us hers) was a 1969 Impala Dad bought from Hertz in 1972. The cross-country moves and daily trips that car made over the next 10 years would be a ... rather boring book :)
Decontented cars, for the most part. They bought cars with deleted airbags and such.
I also challenge the assertion that they were “doing really well” - I’d noticed that Hertz had been closing locations in DFW for the last couple years, long before COVID-19.
It means Cash for Clunkheads Rev. 2020.
No, see my previous post.
Always available. We’ve bought three cars from Hertz. They’re generally a year to a year and a half old with 30-40,000 miles on them. They run $800-1,000 below Kelly Blue Book. We’ve had mechanics tell us we got great deals. It’s the flip side of the depreciation that happens in the first year of a car’s life. Hertz takes the hit but doesn’t care because of the rental income. They just need to get rid of them. First one was Rent to buy. Other two were off the lot which I would recommend.