Hertz selling thousands of cars as part of bankruptcy deal, good news for buyers

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Credit: WINK News

As many families struggle during this pandemic, some of you are searching for a vehicle at a decent price.

Hertz is looking to clean out their lots and make some cash. The company has to sell 182,000 cars as part of its bankruptcy deal, and it’s great for those who have a budget of $15,000 or less.

So is it smart to spend your hard-earned cash at Hertz? John Zadrovitz of South Trail Tire and Auto Repair says it could be.

“You’re going to be able to get a good deal,” he said. “Pricewise, you may pay less obviously from Hertz than what you get from a dealer because they’re going to have a markup and they’re going to have their dealer fees.”

A quick check of the Hertz website shows hundreds of cars for sale. Autoweeks breaks down its top 15 available:

  • 2018 Nissan Altima – $14,187
  • 2019 Ford Fiesta – $10,999
  • 2017 Chevy Cruze – $13,899
  • 2018 Nissan Versa – $10,299
  • 2018 Ford Eco Sport – $14,350

But beware, Hertz will not negotiate. The price is the price.

“Can I please take this vehicle and have it independently looked at before I commit to buying it? Any dealer, if the salesman will not allow you to take their car to bring it to an independent to review it, walk away,” advised Zadrovitz, and walk right on over to another dealer that will.

Hertz is selling all of these used cars as part of its plan to repay $650 million to its creditors. The company has until the end of the year to do so.

To see the rest of Autoweek’s top 15 cars available from Hertz, click here.

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