Some EVs in stock on the Hertz Car Sales site. | Screenshot: The Verge
Hertz has contacted multiple electric vehicle renters recently with interesting low-cost offers for cars like Teslas, offering them the option to buy their rental EVs instead of returning them. One 2023 Model 3 renter shared on Reddit that they were offered a price of $17,913, which is similar to deals currently showing on the Hertz Car Sales site. However, the rental they were in had about 30,000 miles on it — fewer than other current listings.
Another renter was offered a 2023 Chevy Bolt for $18,442, while a Polestar 2 renter says they saw a $28,500 purchase price. The used cars come with a limited 12-month, 12,000-mile powertrain warranty and a buy-back offer within 7 days.
Asked by The Verge if this was a special offer for EVs or a typical offer for Hertz’s used cars, communications director Jamie Line confirmed the strategy isn’t new, saying, “By connecting our rental customers who opt into our emails to our sales channels, we’re not only building awareness of the fact that we sell cars but also offering a unique opportunity to someone who may be in the market for the same car they have on rent.”
Last year, Hertz decided to scale back its big ambitions to electrify its rental fleet due to low customer demand and repair difficulties on some models, including the Tesla Model 3. Then, in February, Hertz said it would no longer buy Polestar 2 vehicles either before marking 30,000 Teslas to sell off from its rental fleet.