Buying Used Rental Cars from Hertz: A Step-by-Step Guide
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Since Hertz filed for bankruptcy protection, the company has been forced to sell off no less than 200,000 used cars.
Long story short—the Hertz bankruptcy situation translates to great opportunities to save on the price of a used vehicle. Not to mention that buying a used car can probably help you save on your annual car insurance premiums as well!
So how can you find a good deal on a Hertz used car?
The insurance app Jerry has put together a step-by-step guide to walk you through the process of buying used rental cars from Hertz.
If you want cheap car insurance quotes fast, download Jerry. The free app gathers affordable quotes, helps switch plans or providers, and even cancels your old policy.
“I just bought my first car and had to look for my first insurance plan. All of the quotes I was getting were around $400 per month until I installed Jerry. Jerry found me a plan that only costs $150 per month! It’s crazy that no insurance company was able to go that low when it was just me asking. Thanks so much Jerry for your help!” - Satisfied Jerry Customer
7 easy steps to buying used rental cars from Hertz
Since Hertz filed for bankruptcy protection in May 2020, the company has been selling off thousands of used cars at bargain prices.
If you want to take advantage of the Hertz bankruptcy situation to get a great deal on a newer used vehicle, now is the time to do it.
Here is a handy step-by-step guide to purchasing Hertz used cars.
1. Budget it out
To get a ballpark figure of your monthly budget, you need to think about more than just the price of the car alone.
Use a loan calculator to get a better idea of what your loan term and Annual Percentage Rate (APR) will be. Don’t forget about insurance costs either.
If you want to save money on car insurance, the Jerry app is an excellent place to start.
A licensed broker, Jerry does all the hard work of finding the cheapest quotes from the top name-brand insurance companies and buying new car insurance. Jerry will even cancel your old policy for you and send you new quotes every time your policy comes up for renewal.
2. Narrow it down
Head to the Hertz car sales website to start your search.
Taking advantage of the filter options will make it easier to find the type of vehicle you want to drive. You can narrow down your search by make, model, and body type.
You can also visit a local Hertz car sales location in person to see what is available.
3. Check out insurance rates
Use Jerry to find the most comprehensive (and affordable) insurance policy fast.
Once you have narrowed down your choices, you can use Jerry to find out which of your top models come with the most affordable insurance rates.
4. Get financing
The lower the Annual Percentage Rate (APR), the better.
You might be able to arrange financing through Hertz. If not, shop around for a lender that can offer you the lowest APR possible.
5. Do your research
Find out about the warranty, get an inspection, and make sure the vehicle history checks out.
Most Hertz vehicles are new enough to have warranty coverage still in place. In addition, Hertz Certified vehicles all come complete with a 12-month/12,000-mile powertrain warranty.
Don’t forget the test drive. If you want to extend your trial, the rent-to-drive program will let you waive the rental fee to try out the vehicle for three days before you commit.
If you can’t get the vehicle inspected beforehand, hire an inspector within the return deadline so you can return it if necessary.
6. Check for deals
Take advantage of Hertz coupons and other opportunities to save.
Hertz has a strict no-haggle policy in place for their used cars—but they do offer low prices right off the bat.
You will save money off the car’s price by signing up for the Hertz reward program.
AAA members can also save.
MORE: AAA auto insurance
7. Make it official
Purchase your used vehicle, but remember to make sure the vehicle is insured before you hit the road.
You can use the three-day rent-to-buy program to buy some time—but in most states, you will need to have insurance on your vehicle once you commit to buy.
If you’d rather leave the hard work of gathering quotes to someone else, use Jerry. Jerry collects quotes from up to 45 top insurance companies in seconds!
The average driver saves $879 on car insurance a year when they purchase a policy through Jerry.
Will buying used rental cars get you better insurance rates?
Buying used rental cars from Hertz can help you land a great deal on the vehicle’s price—but you can also take advantage of insurance savings opportunities as well.
Insurance premiums are typically lower for used cars, but there can be exceptions. One thing is for sure, though. When you use Jerry to shop for your car insurance policy, you can be confident you are always landing the best rate without the work.
Jerry is your ultra-talented car insurance broker for life. No need to sit across from him at a desk—Jerry is an app!
It takes less than a minute to sign up, and you’ll be presented with competitive rates from up to 45 top providers. Don’t lose coverage, just find savings.
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