Hertz is offloading used Tesla Model 3s from its fleet at a deep discount. They may be former rentals, but they’re cheap enough that you have to ask yourself—would you buy one for $14,000?
I went to Hertz used cars sales. Lowest price I saw was $20,995 for standard range Model 3
Not fake news. Reuters is reporting today that Hertz is selling 20,000 EVs. Due to high repair costs. They plan to continue focus on gas fueled vehicles.
Models for sale include Mercedes, Bolts, and Tesla Model 3s.
Maybe they are talking with the $4,000 dollar tax rebate?
Andy
Here’s the cheapest model 3 I found on the Hertz site
Final Vehicle Price
$20,125.00
Total Fees
+
$1,232.95
Total Taxes
+
$1,330.44
Cash Due at Signing
$22,688.39
No mention of the $4,000 tax rebate. No details on what’s included in taxes or fees. There’s no sales tax in Oregon where my closest Hertz used car shop is located.
intercst
I just chated with Hertz. They said corporate is still working on the $4,000 rebate, so it’s not included in the listed “final price”.
The listed car for $20,125 is in Tampa FL. A fee of $1,232.95 to ship it to Portland would be reasonable.
intercst
If the dealer didn’t register for the tax rebate the rebate goes to the buyer and will be taken at tax time instead of right away.
To participate in the program, dealers need to register with Energy Credits Online. The online system will allow them to verify the vehicle’s eligibility, though consumers will ultimately remain responsible for ensuring they meet the income requirement for the credit. If a taxpayer takes the rebate but is not eligible for it, they will be required to pay the IRS back when they file their tax return
Andy
.
Stated very clearly in the article, the lowest (and most beat up cars) had been sold at the time of printing. The resulting list at hertz are for lower mileage, less beat up and, likely, MORE DESIREABLE cars are still available - at higher prices!
I think folks need to get a handle on “Tesla repair costs” before making a purchase. If they’re too high for Hertz, they’re likely too high for you.
Also check with your agent on auto insurance costs.
intercst
There were a few under $20,000 on Monday and Tuesday morning. I suspect they were mostly snapped up by individual uberlyft drivers because they are very economical for them to run compared to gasoline powered vehicles.
For Hertz there were 2 parts to the issue:
But @intercst for a regular person buying an EV, let’s say a Tesla, I don’t know if $21,350 + tax/fees for a used rental with 81,257 miles on it is such a great bargain compared to a new one. If I had to choose, I would instead buy a new model 3 from Tesla for $38,990 + tax/fees. Or I might perhaps buy a new model Y from Tesla for $43,990 + tax/fees minus $7,500 tax rebate instead.
Why assume that by the time you read the article that things have not changed? Your own link addresses this very issue:
To quote:
Available cars can be found in Hertz’s Rent2Buy portal, which have been listed for as low as $17,800 according to a screenshot published on Electrek. Accounting for the $4,000 federal tax credit available for used EVs, that takes the net cost down to $13,800. The cheapest cars depicted have already sold, so the lowest we found at time of publication was $20,500. Still, that’s just $16,500 accounting for the tax credit.