I just heard about this and surely I am late to the party. A bit shocking to see this happen to be honest, as Hertz has been in the game a long time.
The used car market is about to be flooded with Hertz former rental fleet of 700K vehicles. Many of which are on sale now for what seem like pretty good prices.
If I had the need and the bread I might consider one for purchase. Personally I’d be a little leery about buying a former rental vehicle because I know how some drivers treat these poor machines, but they cant be all bad, no not even close.
Some of the reports blame COVID-19 as the culprit for the demise of Hertz. You would think a company as established as Hertz didn’t live on the ragged edge of bankruptcy at all times, pushed over the brink at the slightest hiccup (COVID not exactly a slight hiccup I know, but still you get the idea). Seems to be the back story of many a large business lately…one bump in the road and its total chaos…seems strange to me, but I’m no financial wizard or business man to say the least.
What do you people think about this stuff?