Hertz bankruptcy makes used cars available at incredibly low prices
The Golf is just one of many cars that Hertz sells at a discount.
Emme Hall / Roadshow
Hertz officially Filed for bankruptcy End of May citing the coronavirus pandemic and reduced demand for rental cars as more Americans stay home and avoid travel. Now the rental car company continues unloaded a number of rental vehiclesand for those who want to save, there are some powerful good deals underway.
iSeeCars has cleaned over 20,000 used cars. Hertz is currently up for sale to find out which models offer the greatest savings. Some are pretty obvious, while others are a bit dark. These are not super old cars either, as car rental companies are working to keep their fleets up to date for customers. Every car listed comes from the model year 2017 to 2019.
It is good news for those in the market for one BMW 7 Series because this is currently the best offer from Hertz. The study found that the company sells the luxury sedan almost 14% below the average market value, which translates into an average savings of $ 6,877. That’s right behind it Chevrolet TraxThat’s $ 1,714 cheaper than the average model.
Hertz Bankruptcy creates used car steals for these models
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A few other luxury cars are in third and fourth place. The Mercedes-Benz A-Class and Infiniti QX50 round out third and fourth places with average savings of $ 4,252 and $ 4,145, respectively. Toyota’s full size pickup, the Tundrarounds off the top 5 with an average savings of $ 4,714 or 12.6% below the average market value of the pickup.
The last five include a number of other pedestrian vehicles. The Nissan Versa note On average, $ 1,375 is cheaper than the market average. Buicks Cascada Cabrio is $ 2,241 cheaper and that Kia Forte comes in almost $ 1,500 cheaper than the market normally requires. The top 10 are rounded off by the Volkswagen Golf ($ 2,023 cheaper on average) and that Nissan Quest Minivan. Remember it? The very Japanese-looking family carrier is $ 1,810 cheaper than the market average.
On average, used car buyers will find that a vehicle is 8% cheaper than its average, probably thanks to Hertz’s fire sale mode. According to the study, this is a good chance of saving an average of $ 1,389 in your pocket, and the savings will extend to other models like that Chevrolet Silverado, Cadillac CTS, BMW 5 Series and more.
