Hertz Bankruptcy Used Cars for Sale Could Save You Big Money

Hertz, perhaps the best-known rental car company in the world, has filed for bankruptcy protection. Due to the global COVID-19 pandemic and the resulting drop off in business and leisure travel, the company unexpectedly must cut expenses, eliminate overhead, and restructure its debt. And that could be your chance to save $1,000 or more on a used-car purchase. 

Hertz bankruptcy used cars for sale can save you big money

What Will Happen to Hertz Cars?

As a part of its bid to survive, Hertz is essentially being forced to sell almost 200,000 cars in its possession by the end of the year.

To give you some idea of the magnitude of Hertz' predicament, the company reported a net loss of $847 million in the second quarter. That means the company is a motivated seller of much of its current vehicle fleet. If you are looking for mainstream and luxury sedans, coupes, SUVs, and minivans that are two to five years old, Hertz' current woes could be a windfall for you. 

Hertz Used Car Deals

If you’re interested in getting one of these rental cars at a low price, the vehicles are being sold through the Hertz Used Car Sales website. The selection includes a wide variety, most typically 2017, 2018, and 2019 model-year vehicles with more-than-average miles of service. And the no-haggle prices for the vehicles on sale are truly dazzling. 

For instance, a 2018 Chevrolet Cruze LT small sedan has a no-haggle price of $11,888 versus the NADA Guides "Clean Retail" price for that vehicle of $14,475. The 2018 Cruze and scores of others like it on the Hertz site have 50,000 miles or more on the odometer, but the NADA Guides value reflects that mileage. 

With nearly 200,000 cars to sell the availability is truly enormous. Most mass-market brands are represented, and Hertz is also selling luxury-brand vehicles from BMW, Cadillac, Infiniti, Jaguar, Land Rover, and Mercedes-Benz.

As an example of the values on luxury cars, during our recent check of the site Hertz is offering a Mercedes-Benz A-Class sedan with 17,000 miles on the odometer for a no-haggle price of $26,395. That compares to the NADA Guides "Clean Retail" of $29,825. The Hertz site lists a large number of cars like that A-Class in most major metropolitan areas. 

If you're seeking a two-, three- or four-year-old SUV, a recent search on the Hertz Car Sales website netted several thousand individual vehicles from a variety of major manufacturers, including both mass-market brands like Chevrolet, Dodge, Ford, Honda, Hyundai, Kia, Nissan, and Toyota, and from luxury brands as well.

Should I Buy a Used Car From Hertz?

The fact is Hertz was a smart place to buy a used car even before the bankruptcy filing. Hertz was named number one in Customer Satisfaction in Rental Cars by J.D. Power in 2019, and its used-car dealerships offer a no-pressure car shopping experience with no negotiation on prices. 

Of course, the vast majority of Hertz vehicles were used in rental car service, which means that many of them have more-than-typical miles on them. At the same time, the vehicles were examined by Hertz personnel at the conclusion of each customer's rental use. 

In addition to the rental cars, some of the vehicles offered for sale were traded-in by Hertz Car Sales customers, and a few might have been procured from dealers, private sellers, and auctions. 

How to Buy a Used Car From Hertz

Hertz Car Sales currently operates nearly 90 locations throughout the country, so it is well-equipped to handle the increased volume of sales of its vehicle fleet. You can shop for a used car from Hertz at one of these locations, or you can shop online using the Hertz Used Car Sales website.

Hertz offers a certified used-car program that mimics the offerings of many car manufacturers' certified pre-owned programs. Each Hertz Certified vehicle is given a 115-point inspection and includes a 12-month/12,000-mile (whichever comes first) limited powertrain warranty. In this COVID-19 era, home delivery of many of the vehicles is also available.