Posted on 12/24/2024 7:17:02 AM PST by CFW
Hertz is culling its portfolio of EVs in response to the sharp depreciation affecting some of its most popular models, including the Tesla Model 3. In what appears to be an aggressive effort to offload these vehicles, the rental giant has begun reaching out directly to customers currently renting them, offering an opportunity to purchase the cars outright on the spot.
While we haven’t been able to find an announcement from Hertz directly regarding the scheme, a Reddit user recently shared a screenshot of an email they received from Hertz while renting a 2023 Tesla Model 3. In the email, Hertz offered the renter the chance to buy the EV for just $17,913.
(Excerpt) Read more at carscoops.com ...
The facts are that most people do not want to experiment with driving an EV for the first time when renting a car. I've seen multiple stories of people getting to the airport car rental booth and finding they've been given an EV although they specifically requested a standard car. At the moment, those wanting EVs are a small market. Hertz is now trying to off-load a bad investment.
My gas guzzling SUV has been in the shop 8 weeks this year and I’ll find out what they’ve decided next week so $$$$$$$$. Mr. b’s has been in the shop another week.
On our last vacation rental we were given a Sienna hybrid. We loved it.
Now, a full EV? I would have turned it down.
Hertz hasn’t operated the Teslas much. Batteries are fine and the car is good for the majority. They just want out.
Nice cars and makes sense for a lot of regular commuters. Especially for 18K.
Electric, with simple plugin charging is a great idea. Lots of folks would love to have one, as an extra vehicle. Kids use to local school? Short commuter? About as much use as a recreational motorcycle.
But the cost is still the issue.
Whooptie for <$5000 is the comparison.
https://freerepublic.com/focus/chat/4286110/posts
https://www.hertzcarsales.com/rent2buy-inventory/index.htm
I’d tell them I’ll take the 17 thou you keep the car.🤔
They can’t give those things away.
At that price it might be worth it.
My problem all along is that once the battery dies, it’s not worth it to replace it. I think they usually last for about 10 years. I haven’t studied this closely so I’m open to correction.
The post office is guilty too. Privatization will be the result. They bought a fleet of them. Only big business and the government has the money to play these money-pit games and business gets tax breaks for that. Even my natural gas van at work takes more trips to get gassed up. Maintenance too.
Maybe I am wrong, but I wouldn’t sleep well knowing one of these cars was inside my garage which is part of my house, especially while it is charging.
Front wheel drive and fitted with snow tires all round should cope with 6 inches of snow. Have a 4WD truck for deeper snow.
A friend has a late modal Mustang. It took Ford several months to get him a new ECM. Ford! I’ve read many people are junking their late model cars because the repair costs more than the car is worth. I bought a 2017 Expedition in great condition with $109,000 miles. I’ve had two simple jobs done and they cost, together over $3500. The problem is the number of things that must be removed just to get to the part you have to replace.
Great idea for all the reasons you mentioned. We've had ours for over 5 years.
Have an EV as a 2nd car, although it became our daily driver. Excellent for short commutes, shopping, visiting others, etc. Other 30-year-old car for long infrequent trips, and a truck for hauling. The gas cars are more expensive for maintenance; one is down until I replace leaking fuel lines. The EV maintenance runs less than $70/year for maintenance checks.
Having said that, garage your car of any kind if possible, it will last a lot longer. Our 24-year-old truck is facing body rot problems due to being outside.
yMerry Christmas!
Tesla stock up 34 points today!
Tesla Y was world’s best selling car in 2023
Tesla Model Y Poised to Become Best-Selling Vehicle in the US
Tesla cars have never been more popular, and one of them is on the verge of dethroning a long-standing leader. The Tesla Model Y is set to leapfrog the most popular internal combustion engine (ICE) cars to become the best-selling car in the US, according to data reported by WolfStreet.
After becoming the best-selling car globally last year, the Tesla Model Y is gunning for the top spot on its home turf, the US auto market, where it will dislodge the most sought-after fossil fuel-powered vehicles. WolfStreet reveals the EV is already breathing down the neck of the Toyota RAV4 as they ended the first half of 2024 with a 2.8% market share share.
The Tesla Model Y has already overtaken the popular Ford F-150 trucks, with both ICE and EV versions accounted for.
America’s EV Demand Could Dive 27% Without Tax Credits
https://insideevs.com/news/741689/tax-credit-27-percent-demand/
Tesla profits slump by more than a half
Tesla has announced its profits fell sharply in the first three months of the year to $1.13bn (£910m), compared with $2.51bn in 2023.
https://www.bbc.com/news/articles/c72pvz18x4lo
Clearly a sign of success!
“I think they usually last for about 10 years.”
Tesla’s oldest batteries are just turning 10 years old with most going strong.
Expect newer batteries to last 20+ years if not abused.
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