Quote:
Originally Posted by redpoint5
What I don't get is how rental companies can sell used cars for more than private party value. I guess the market will bear that, but I don't know why.
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The same way dealers do.
Dealers charge a markup over private party because they supposedly have inspected a car, fixed any issues and do some cosmetic reconditioning. .Hertz does the same and also includes a 1 year / 12K mile warranty on their cars. They also provide financing and take trade ins.
How is Hertz different than CarMax?