Hertz is selling off previously-owned Tesla Model 3s at heavily reduced prices. While these vehicles may have been used as rentals, the enticing price tag of $14,000 begs the question—would you consider purchasing one?
Initially, Hertz placed an order for 100,000 Tesla cars but has since delayed its transition to electric vehicles for various reasons. In an earnings call covered by CNBC, the company cited high repair expenses and recent Tesla price reductions as factors for this decision. It is speculated that the introduction of the 2024 Model 3 “Highland” facelift may have also influenced Hertz’s decision to sell off their inventory. As a matter of fact, Hertz is already offloading surplus Teslas, oftentimes at less than half of their original price.
Pre-owned Tesla Model 3s in Hertz’s Rent2Buy database. Hertz
The available cars can be perused on Hertz’s Rent2Buy platform, with listings starting as low as $17,800 according to a screenshot featured on Electrek. Taking into account the $4,000 federal tax credit applicable to used electric vehicles, the final cost decreases to $13,800. The least expensive vehicles have already been sold, revealing the current lowest price of $20,500. Nevertheless, factoring in the tax credit brings it down to just $16,500.
Regardless of the perspective, this presents a compelling offer for those in the market for an electric vehicle. Although they are previously used as rentals and may have experienced wear and tear by multiple individuals, given the Tesla branding, the interiors are durable, repairs can be costly, and driving one might give off an image associated with The Joe Rogan Experience and questionable supplements.
Based on observations of Teslas in commercial usage, continuous rapid charging is unlikely to impact the battery until approaching the 200,000-mile mark. Regular users are expected to enjoy an extended battery life without the immediate need for a $16,000 replacement. Considering the range, price, and access to the Supercharger network, it’s difficult to disregard these Hertz Tesla vehicles as attractive options for those looking to go electric.
What are your thoughts on this?
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