Hertz is selling EVs at surprisingly reasonable prices, but there are important factors to consider

  • Hertz is selling about 20,000 electric vehicles from its fleet, including many Tesla Model S sedans
  • The prices for the used Teslas from Hertz are surprisingly reasonable
  • The mileage on these cars is high, with some vehicles having 50,000 to 60,000 miles
  • Consider the quality of the battery and tires when buying a used EV
  • Hertz offers a Rent2Buy program where potential buyers can rent a vehicle for up to three days or take a free two-hour test drive
  • Inspect the vehicle with your own mechanic before purchasing
  • Consider factors like charging infrastructure and frequency of use when buying an electric vehicle
  • This sale from Hertz is a cheaper way to get into a used Tesla

Looking for a cheaper way into the Tesla market? Hertz is selling about 20,000 electric vehicles from its fleet, including many Tesla Model S sedans. The prices for the used Teslas from Hertz are surprisingly reasonable, but the mileage on these cars is high, with some vehicles having 50,000 to 60,000 miles. When buying a used EV, it’s important to consider the quality of the battery and tires, as well as factors like charging infrastructure and frequency of use. Hertz offers a Rent2Buy program where potential buyers can rent a vehicle for up to three days or take a free two-hour test drive. It’s recommended to inspect the vehicle with your own mechanic before purchasing. This sale from Hertz is a cheaper way to get into a used Tesla, but buyers should carefully consider all factors before making a decision.

Public Companies: Hertz Global Holdings Inc. (HTZ), Tesla (TSLA)
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Factuality Level: 7
Justification: The article provides information about Hertz selling electric vehicles from its fleet, including Tesla Model S sedans. It includes quotes from experts and information about the prices and mileage of the vehicles. The article also provides advice on what to consider when buying a used EV. However, there is no information provided about the source of the information or any data to support the claims made by the experts.

Noise Level: 3
Justification: The article provides relevant information about Hertz selling electric vehicles from its fleet, including Tesla Model S sedans. It discusses the reasons behind the move and includes expert opinions on whether it is a good deal for potential car-buyers. The article also provides information on pricing and the condition of the vehicles. However, the article contains some repetitive information and does not provide a deep analysis of long-term trends or antifragility.

Financial Relevance: Yes
Financial Markets Impacted: The sale of 20,000 electric vehicles, including Tesla Model S sedans, by Hertz may impact the electric vehicle market and potentially affect Tesla’s valuation.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the sale of a large number of electric vehicles by Hertz, which could have implications for the electric vehicle market and the valuation of Tesla. However, there is no mention of any extreme events or their impact.

Reported publicly: www.marketwatch.com