Hertz has some fantastic purchase options of lots of used Tesla including Tesla Model 3s from 2023. Some of these are even less than $26,000, pretty cheap for a Tesla Model 3.
Even after slashed prices, buying a brand-new Model 3 still costs between $40,000 and $90,000. However, Hertz is selling used ones for far less, which is pretty tempting. They’ve got a bunch listed on their website. If you’re thinking about getting into electric cars, buying one from Hertz could indeed be a great option.
But before you do, let’s look at why it’s a good idea to buy from Hertz.
Hertz Selling Tesla Model 3 For Cheap
Despite what Elon Musk once thought, Teslas didn’t work out as a good investment for Hertz. Actually, they caused a lot of money trouble for the company. Now, Hertz is trying to stop losing so much money by selling even more EVs than they originally first planned.
They wanted to sell 20,000, but now going for 30,000 vehicles. EVs have cost them $588 million in depreciation in only the first three months of 2024 compared to the year before.
Is It Worth To Buy Tesla Model 3 From Hertz Rentals?
Hertz’s competitive pricing alone is reason enough to check it out. On their inventory sales page, you’ll see retired units available from California to Florida. But before you decide to buy, there are a few things you should consider.
You can decide better considering the following factors:
Range
When it comes to renting cars, people often say that they do well on miles. 2023 Model 3 Base is estimated to go about 272 miles on a full charge, according to the EPA. However, some drivers find they get a bit less in real-life driving situations.
If you’re cruising at around 60 mph, that’s roughly 4.5 hours of driving time. Now, if you’re looking for even more range, there’s the Model 3 Long Range, which can go up to 31% farther, with an EPA-estimated range of 358 miles.
But here’s the catch: almost all of Hertz’s 2023 Model 3s are base trims, according to reports.
Wear & Tear
Another thing to think about is wear and tear, like how many miles the cars have on them. Since these EVs were used as rentals, you know they’ve seen some tough action.
There are numerous users who report how bad sometimes the conditions of rented vehicles are. One Reddit user their experience to caution against buying a rental Model 3 from Hertz. They rented one for vacation and found it in rough shape despite having only 30,000 miles. They noticed body damage, mismatched off-brand tires, creaks, and road noise. They guessed it might have been fast-charged a lot. Based on their story, it seems like buying one might not be a good idea.
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Some of them have a high number on the odometer ranging from as much as 50,000-60,000 miles. Depending on who drove them before, those miles could be pretty rough. A trait that is commonly seen in rentals. But if that makes you nervous, there are some under 20,000 miles, which might be a safer bet.
Price
Hertz is actively reducing its EV fleet, boasting over 1,300 Tesla vehicles listed on its site, with a significant portion being 2023 models. What’s catching attention is the affordability factor, with dozens of 2023 Model 3 EVs priced at under $25,000.
For example, on 8 May 2024, you could find a 2022 Tesla Model 3 Base Sedan with 26,750 miles for $27,273. The most expensive Model 3 on sale is a Performance trim with a price tag of $37,235 having 13,523 miles while the cheapest is a Base Model 3 with 74,214 miles priced at $23,784.
Bottomline
Tesla Model 3 is an outstanding option when thinking about buying a Tesla EV. Buying from Hertz rentals can be a challenging decision. A $25,000 2023 Model 3 Base with 45,000 miles or one with a mere 12,000 miles for $30,000, there is a lot to think about before buying a worthy one. If you weigh all these factors carefully, buying a Tesla from Hertz could be a smart move.
