Hertz recently contacted people renting electric cars to offer them the option to buy the car instead of returning it. The Verge. According to some people sharing the offers on Reddit, the offers are pretty sweet.
One lessor offered a 2023 Chevy Bolt for $18,442, another offered a 2023 Tesla Model 3 for $17,913 with 30,000 miles, and yet another offered a Polestar 2 for $28,500. In addition, Hertz limited 12 month; A 12,000-mile powertrain warranty and seven-day buyback offer are offered.
The move comes nearly a year after Hertz said Teslas would mostly ditch its EVs. It sold a third of its EV fleet.Citing weak demand and higher-than-expected repair costs.
Hertz posted a record $937 million in vehicle sales, thanks in part to a surge in EV sales. Third quarterA significant increase compared to the previous year was a decrease of $537 per unit. The company said it expects the unit price to fall below $300 by the end of 2025.