Looking for a Great Car Deal? Hertz Slashing Prices on Rental Fleet

Happy woman with new car
Photo by Oleggg / Shutterstock.com

Hard times often yield big bargains: Right now, rental car agency Hertz is selling its vehicles for a relative song.

The coronavirus-related economic slowdown pushed Hertz to file for bankruptcy protection. As the agency sells off its rental car fleet, it is cutting prices significantly, according to an analysis by iSeeCars.

The website looked at more than 20,000 used cars from model years 2017 to 2019 listed through Hertz Car Sales during May. It found that the vehicles could be purchased at an average of $1,389 below market value.

That is 43.3% more than the average discount for Hertz vehicles in April, iSeeCars notes. And other cars are selling at “savings far greater than average,” according to iSeeCars.

A total of 25 vehicles can be purchased at prices at least 10% below market value, it said. They include:

  • BMW 7 Series: average price of $42,680 (13.7% below market value)
  • Chevrolet Trax: $11,196 (13.4%)
  • Mercedes-Benz A-Class: $28,555 (13%)
  • Infiniti QX50: $27,760 (12.7%)
  • Toyota Tundra: $31,383 (12.6%)
  • Nissan Versa Note: $9,533 (12.4%)
  • Buick Cascada: $15,564 (12.4%)
  • Kia Forte: $10,851 (12.3%)
  • Volkswagen Golf: $14,434 (12.3%)
  • Nissan Quest: $13,874 (12%)
  • Lincoln Continental: $24,313 (11.8%)
  • Nissan Versa: $9,219 (11.8%)
  • Cadillac CTS: $23,384 (11.6%)
  • Chevrolet Silverado 1500: $24,265 (11.4%)
  • Nissan Sentra: $9,887 (11.3%)
  • Ford Fiesta: $9,737 (11.1%)
  • Cadillac XT5: $29,647 (10.9%)
  • Ford Taurus: $16,176 (10.7%)
  • BMW 5 Series: $35,973 (10.7%)
  • Volkswagen Jetta: $10,634 (10.7%)
  • Mitsubishi Outlander Sport: $13,528 (10.6%)
  • Hyundai Santa Fe Sport : $13,647 (10.6%)
  • BMW X3: $29,073 (10.5%)
  • Chevrolet Impala: $15,766 (10.4%)
  • Ford Focus: $11,157 (10.2%)

Before jumping in and grabbing one of these deals, remember that buying a rental car comes with both pros and cons. According to iSeeCars CEO Phong Ly.

“Consumers might not consider used rental cars because they typically have higher mileage than late-model used cars that are often off-lease, but there are benefits to buying from a rental company including the fact that they are well-maintained and follow a regular maintenance schedule.”

Some types of vehicles might be better deals than others.

The average rental car sold in May had 31% higher mileage than most used cars from typical dealerships, iSeeCars notes. However, some types of cars — such as luxury cars — are not rented as often as other vehicles and may have substantially lower mileage counts.

In addition, rental cars can have advantages in other ways. For example, drivers who rent pickup trucks are unlikely to put them through the type of abuse that a truck might experience when used at a construction site, iSeeCars notes.

Do your homework before you buy any used car. For more tips, check out “5 Steps You Must Take Before Buying a Used Car.”

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
2 Costly Rewards Credit Card Mistakes — and How to Fix Them
2 Costly Rewards Credit Card Mistakes — and How to Fix Them

If you commit either of these credit card sins, you are likely losing money every time you use a card. Here’s how to easily right this wrong.

5 Medicare Mistakes to Avoid for a Healthy Retirement
5 Medicare Mistakes to Avoid for a Healthy Retirement

Medicare can be confusing. Beware these missteps — which can hike your costs.

7 Ways Coupons Waste Your Money and Time
7 Ways Coupons Waste Your Money and Time

Here’s why I hung up my scissors and quit clipping coupons.

10 Products That Will Help You Save Money
10 Products That Will Help You Save Money

Sometimes, spending a little cash right now can save you a lot of money down the road.

Why Cutting the Cord Can Be Confusing — and How to Decide If It’s for You
Why Cutting the Cord Can Be Confusing — and How to Decide If It’s for You

Streaming TV might sound like the antidote to sky-high cable bills, but cutting the cord is easier said than done.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
If You Find This Thrift Shopping, Buy It
If You Find This Thrift Shopping, Buy It

Whether you resell it for a big profit or add it to your own wardrobe, this type of clothing is a hidden steal.

10 Things Frugal People Never Buy
10 Things Frugal People Never Buy

If you’re a true tightwad, the mere thought of spending money on these items gives you the willies.

7 Social Security Benefits You May Be Overlooking
7 Social Security Benefits You May Be Overlooking

There’s more to Social Security than retirement benefits.

This Simple Mistake Might Weaken Your COVID-19 Vaccination
This Simple Mistake Might Weaken Your COVID-19 Vaccination

Avoid doing this before you get vaccinated.

10 Cars You Are Most Likely to Keep for 15 Years
10 Cars You Are Most Likely to Keep for 15 Years

The cars that owners hold onto the longest have one thing in common, a new study shows.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

The 6 Best Investing Apps for Beginners
The 6 Best Investing Apps for Beginners

If you’re looking to ease into investing in the coronavirus economy with just a little money, check out these easy-to-use tools.

7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

Taking a Multivitamin? Here’s Why You Should Reconsider
Taking a Multivitamin? Here’s Why You Should Reconsider

A new study has bad news for the millions of Americans who spend money on multivitamins.

13 Amazon Purchases We Are Loving Right Now
13 Amazon Purchases We Are Loving Right Now

These practical products make everyday life a little easier.

11 Products Now in Short Supply Due to the Pandemic
11 Products Now in Short Supply Due to the Pandemic

Many goods we take for granted have become tough to find in 2021.

9 Things You Should Never Leave in a Car
9 Things You Should Never Leave in a Car

Thinking of leaving these possessions in a car? Prepare for unexpected consequences.

9 Mistakes People Make When Cleaning With Vinegar
9 Mistakes People Make When Cleaning With Vinegar

Cleaning with vinegar can save you a lot of money, but using it like this can cost you.

8 Things You Should Replace to Improve Your Life Today
8 Things You Should Replace to Improve Your Life Today

Being frugal isn’t smart if you put off replacing these items.

10 Things Successful Retirees Do Differently
10 Things Successful Retirees Do Differently

These habits and characteristics can help put you on the track to success.

7 Income Tax Breaks That Retirees Often Overlook
7 Income Tax Breaks That Retirees Often Overlook

Did you realize all these tax credits and deductions exist — or that they apply to retirees?

7 Costly Health Problems That Strike After Age 50
7 Costly Health Problems That Strike After Age 50

As we age, our bodies wear down. Here is how to cut costs associated with some common ailments.

Prepare to Pay More for These 31 Drugs in 2021
Prepare to Pay More for These 31 Drugs in 2021

More than 700 prescription medications have seen price hikes so far this year. Here’s a look at the worst.

29 Purchases That Can Save You Money Every Day
29 Purchases That Can Save You Money Every Day

Sometimes, you’ve got to spend to save.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.