Go Back   EcoModder Forum > Off-Topic > The Lounge
Register Now
 Register Now
 


Reply  Post New Thread
 
Submit Tools LinkBack Thread Tools
Old 06-15-2020, 06:53 PM   #1 (permalink)
home of the odd vehicles
 
rmay635703's Avatar
 
Join Date: Jun 2008
Location: Somewhere in WI
Posts: 3,874

Silver - '10 Chevy Cobalt XFE
Thanks: 495
Thanked 863 Times in 650 Posts
Hertz Bankrupt but...

https://www.google.com/amp/s/amp.usa...amp/3182105001

After reading the article above I decided to look having bought my last 2 cars on a real dealer clearance

Very disappointing, just compared cars.com & Hertz and driving a similar distance to get the same cars there can easily be a 33% increase between Hertzes you can’t haggle price and the much cheaper small dealers you could haggle price.

I guess if you go straight retail and financing paying the inflated price you save a few percent but even then.

Only way it would work out is if they filed bankruptcy and you didn’t have to pay the balance (not)

I guess I never understand how these places sell anything, reminds me of the circuit city bankruptcy, just pay what you would’ve paid in 1998 10 years later

  Reply With Quote
Alt Today
Popular topics

Other popular topics in this forum...

   
Old 06-15-2020, 08:54 PM   #2 (permalink)
Rat Racer
 
Fat Charlie's Avatar
 
Join Date: May 2011
Location: Route 16
Posts: 4,150

Al the Third, year four - '13 Honda Fit Base
Team Honda
90 day: 42.9 mpg (US)
Thanks: 1,784
Thanked 1,922 Times in 1,246 Posts
Quote:
Originally Posted by rmay635703 View Post
I guess I never understand how these places sell anything, reminds me of the circuit city bankruptcy, just pay what you would’ve paid in 1998 10 years later
I don't understand how they expect to sell stock right now.
__________________

Quote:
Originally Posted by sheepdog44 View Post
Transmission type Efficiency
Manual neutral engine off.100% @MPG <----- Fun Fact.
Manual 1:1 gear ratio .......98%
CVT belt ............................88%
Automatic .........................86%

  Reply With Quote
Old 06-15-2020, 11:45 PM   #3 (permalink)
JSH
AKA - Jason
 
JSH's Avatar
 
Join Date: May 2009
Location: PDX
Posts: 3,479

Adventure Seeker - '04 Chevy Astro - Campervan
90 day: 17.3 mpg (US)
Thanks: 305
Thanked 2,051 Times in 1,385 Posts
I thought Hertz had some great deals.

2019 Cadillac CTS 3.6L Luxury - 22,000 miles - $27,000

https://www.hertzcarsales.com/rent2b...e323026661.htm

That is at least $10K under market price

(The CTS 3.6L Luxury started at $55,000)
  Reply With Quote
Old 06-15-2020, 11:52 PM   #4 (permalink)
Corporate imperialist
 
oil pan 4's Avatar
 
Join Date: Jul 2011
Location: NewMexico (USA)
Posts: 11,175

Sub - '84 Chevy Diesel Suburban C10
SUV
90 day: 19.5 mpg (US)

camaro - '85 Chevy Camaro Z28

Riot - '03 Kia Rio POS
Team Hyundai
90 day: 30.21 mpg (US)

Bug - '01 VW Beetle GLSturbo
90 day: 26.43 mpg (US)

Sub2500 - '86 GMC Suburban C2500
90 day: 11.95 mpg (US)

Snow flake - '11 Nissan Leaf SL
SUV
90 day: 141.63 mpg (US)
Thanks: 269
Thanked 3,522 Times in 2,796 Posts
Under bankruptcy they have to put assets for sale, doesn't mean they have to actually sell any.
__________________
1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
2011 leaf SL, white, portable 240v CHAdeMO, trailer hitch, new batt as of 2014.
  Reply With Quote
The Following User Says Thank You to oil pan 4 For This Useful Post:
Xist (06-16-2020)
Old 06-16-2020, 01:06 AM   #5 (permalink)
home of the odd vehicles
 
rmay635703's Avatar
 
Join Date: Jun 2008
Location: Somewhere in WI
Posts: 3,874

Silver - '10 Chevy Cobalt XFE
Thanks: 495
Thanked 863 Times in 650 Posts
They are selling lots of stock because stupid people are trying to time the fibrillation before the high frequency sellers quit manipulating (which sometimes goes for years if they don’t get put to bed)
I don’t really feel sorry for any of “those guys” that loose their gamble off splitting pennies. If I could ban high frequency trading I would.

Quote:
Originally Posted by JSH View Post
I thought Hertz had some great deals.

2019 Cadillac CTS 3.6L Luxury - 22,000 miles - $27,000

https://www.hertzcarsales.com/rent2b...e323026661.htm

That is at least $10K under market price

(The CTS 3.6L Luxury started at $55,000)
They are priced more competitively on newer stuff/more expensive/luxury
but still if I have to travel to get the hertz car

I might as well save a couple thousand for the same (or $5000 for the same but a RWD instead of AWD)

https://www.cars.com/vehicledetail/d...2857/overview/

In the current market they might be below the stated market rate slightly but...

I would also argue the market price (like NADA lists)
right now is much more volitile than normal.
They certainly are at best priced similar to how other other value/volume retailers are currently priced.

The fact 6 months ago I could have a place buy my car for more than outright amounts and now they say it’s worth less than half and won’t take it anyway tells me the black book has fell off a cliff,
Meaning the deal must be MUCH lower coupled with the ability to negotiate for any movement.

Last edited by rmay635703; 06-16-2020 at 01:17 AM..
  Reply With Quote
Old 06-16-2020, 09:36 AM   #6 (permalink)
JSH
AKA - Jason
 
JSH's Avatar
 
Join Date: May 2009
Location: PDX
Posts: 3,479

Adventure Seeker - '04 Chevy Astro - Campervan
90 day: 17.3 mpg (US)
Thanks: 305
Thanked 2,051 Times in 1,385 Posts
Quote:
Originally Posted by rmay635703 View Post
They are priced more competitively on newer stuff/more expensive/luxury but still if I have to travel to get the hertz car

I might as well save a couple thousand for the same (or $5000 for the same but a RWD instead of AWD)

https://www.cars.com/vehicledetail/d...2857/overview/
That is a different car with less miles. It is a Hertz car and is $24,189 on both Cars.com and Hertz.com

https://www.hertzcarsales.com/certif...6cdb16475a.htm


Good eye. I would gladly pay $3,000 less for the same car with 8,000 more miles.

That Cadillac 57% less than original MSRP for a 1 year old car. How is that not a good deal?
Attached Thumbnails
Click image for larger version

Name:	Hertz.jpg
Views:	8
Size:	52.0 KB
ID:	28449   Click image for larger version

Name:	Cars.jpg
Views:	17
Size:	33.8 KB
ID:	28450  
  Reply With Quote
Old 06-16-2020, 11:27 AM   #7 (permalink)
Human Environmentalist
 
redpoint5's Avatar
 
Join Date: Aug 2010
Location: Oregon
Posts: 12,394

Acura TSX - '06 Acura TSX
90 day: 24.19 mpg (US)

Lafawnda - '01 Honda CBR600 F4i
90 day: 47.32 mpg (US)

Big Yeller - '98 Dodge Ram 2500 base
90 day: 21.82 mpg (US)

Prius Plug-in - '12 Toyota Prius Plug-in
90 day: 57.64 mpg (US)

Mazda CX-5 - '17 Mazda CX-5 Touring
90 day: 26.68 mpg (US)

Chevy ZR-2 - '03 Chevrolet S10 ZR2
90 day: 17.14 mpg (US)
Thanks: 4,189
Thanked 4,378 Times in 3,353 Posts
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.
__________________
Gas and Electric Vehicle Cost of Ownership Calculator







Give me absolute safety, or give me death!
  Reply With Quote
The Following User Says Thank You to redpoint5 For This Useful Post:
rmay635703 (06-16-2020)
Old 06-16-2020, 01:01 PM   #8 (permalink)
Not Doug
 
Xist's Avatar
 
Join Date: Jun 2012
Location: Show Low, AZ
Posts: 12,186

Chorizo - '00 Honda Civic HX, baby! :D
90 day: 35.35 mpg (US)

Mid-Life Crisis Fighter - '99 Honda Accord LX
90 day: 34.2 mpg (US)

Gramps - '04 Toyota Camry LE
90 day: 35.39 mpg (US)

Don't hit me bro - '05 Toyota Camry LE
90 day: 35.79 mpg (US)
Thanks: 7,217
Thanked 2,217 Times in 1,708 Posts
"Rental companies always take really good care of their cars!"

Renters sure don't!
__________________
"Oh if you use math, reason, and logic you will be hated."--OilPan4
  Reply With Quote
Old 06-16-2020, 06:15 PM   #9 (permalink)
JSH
AKA - Jason
 
JSH's Avatar
 
Join Date: May 2009
Location: PDX
Posts: 3,479

Adventure Seeker - '04 Chevy Astro - Campervan
90 day: 17.3 mpg (US)
Thanks: 305
Thanked 2,051 Times in 1,385 Posts
Quote:
Originally Posted by redpoint5 View Post
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.
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?
  Reply With Quote
The Following User Says Thank You to JSH For This Useful Post:
redpoint5 (06-16-2020)
Old 06-16-2020, 06:22 PM   #10 (permalink)
Human Environmentalist
 
redpoint5's Avatar
 
Join Date: Aug 2010
Location: Oregon
Posts: 12,394

Acura TSX - '06 Acura TSX
90 day: 24.19 mpg (US)

Lafawnda - '01 Honda CBR600 F4i
90 day: 47.32 mpg (US)

Big Yeller - '98 Dodge Ram 2500 base
90 day: 21.82 mpg (US)

Prius Plug-in - '12 Toyota Prius Plug-in
90 day: 57.64 mpg (US)

Mazda CX-5 - '17 Mazda CX-5 Touring
90 day: 26.68 mpg (US)

Chevy ZR-2 - '03 Chevrolet S10 ZR2
90 day: 17.14 mpg (US)
Thanks: 4,189
Thanked 4,378 Times in 3,353 Posts
Quote:
Originally Posted by JSH View Post
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.

How is Hertz different than CarMax?
CarMax sells rental vehicles?

I suppose the warranty appeals to some people, but the cars already carry whatever the remainder of the manufacturer warranty is left. Reconditioning might have some value too, but in my experience it mostly amounts to heavy use of Armor All on the interior surfaces.

If you ask a dealer how a used car was driven, if it was driven by a young male or an old grandma, the maintenance records, etc, they can't tell you anything. All that stuff is known by an owner though. I suppose a rental vehicle would have regular maintenance, but then again just about any newer vehicle would have been maintained per schedule.

__________________
Gas and Electric Vehicle Cost of Ownership Calculator







Give me absolute safety, or give me death!
  Reply With Quote
The Following User Says Thank You to redpoint5 For This Useful Post:
Xist (06-16-2020)
Reply  Post New Thread


Thread Tools




Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.5.2
All content copyright EcoModder.com