Buying Used Rental Cars from Hertz: A Step-by-Step Guide
Hertz is selling off their fleet of used rental vehicles. Here's a step-by-step guide on how to take advantage of this and buy used rental cars from Hertz.
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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?
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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.
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.
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3. Check out insurance rates
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
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.
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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.
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.
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
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