Hertz officially in late May, citing the coronavirus pandemic’s cataclysmic impact on rental-car demand as Americans stay home and avoid travel. Now, the rental car company continues to . For those looking to save, there are some mighty good deals afoot.
iSeeCars pored over 20,000 used cars, trucks and SUVs that Hertz currently has listed for sale, all in an effort to identify which models offer the greatest savings. Some of the cars are very typical models you’d imagine for a rental fleet, but others are a little more shocking. The list isn’t made up of particularly old cars, either, since rental car companies work to keep their fleets updated for customers. Each car listed hails from the 2017 to 2019 model year.
Climb in the driver’s seat
Subscribe to Roadshow’s newsletter for the latest car news and reviews, delivered to your inbox twice weekly.
That’s great news for those in the market for a , because that’s the single best deal from Hertz right now. The study showed the company is selling the luxury sedan nearly 14% below the average market value for an average savings of $6,877. Right behind it is the , which is $1,714 cheaper than the average model listed.
Hertz bankruptcy triggers bargain-priced selldown of used-car stocks
A couple of other luxury cars make the list in the third and fourth spots. The and round out third and fourth place with savings on average of $4,252 and $4,145, respectively. Toyota’s full-size pickup truck, the , rounds out the top five with an average of $4,714 in savings, or 12.6% below the pickup’s average market value.
The final five include a number of more pedestrian vehicles. The on average is $1,375 cheaper than the market average. is $2,241 less expensive and the comes in nearly $1,500 cheaper than the market typically calls for. Rounding out the top 10 are the ($2,023 cheaper on average) and the minivan. Remember it? The very Japanese-looking family hauler is $1,810 cheaper than the market average.
best deals on Hertz rental cars
Rank | Vehicle | Average % Below Market Value | Average Savings | Average Price |
---|---|---|---|---|
1 | BMW 7 Series | 13.70% | $6,877 | $42,680 |
2 | Chevy Trax | 13.40% | $1,714 | $11,196 |
3 | Mercedes-Benz A-Class | 13% | $4,252 | $28,555 |
4 | Infiniti QX50 | 12.70% | $4,145 | $27,760 |
5 | Toyota Tundra | 12.60% | $4,714 | $31,383 |
6 | Nissan Versa Note | 12.40% | $1,375 | $9,533 |
7 | Buick Cascada | 12.40% | $2,241 | $15,564 |
8 | Kia Forte | 12.30% | $1,468 | $10,851 |
9 | Volkswagen Golf | 12.30% | $2,023 | $14,434 |
10 | Nissan Quest | 12% | $1,810 | $13,874 |
On average, used car buyers will find a vehicle is 8% cheaper than its average value, likely thanks to Hertz’ firesale mode. It’s a good chance to save pocket a savings of $1,389 on average, according to the study, and the savings extend to other models like the , , and more.
Hertz files for bankruptcy, Netflix cancels inactive…
First published June 10.