Gary Zhou 
- 🚗 Hertz is selling former Tesla rental vehicles at low prices.
- 💰 Prices start as low as $17,700 for some Tesla models.
- 📉 Potential for an additional $4,000 reduction through the IRS electric vehicle tax credit.
- 🤔 Uncertainty whether the $4,000 tax credit is applicable to these former Tesla rentals.
- 🌐 Hertz’s Rent2Buy program allows for up to a three-day rental or a two-hour test drive before purchase.
- 📈 Hertz initially purchased 100,000 Tesla Model 3 vehicles in October 2021 at full price.
- 🚗 Other electric vehicles, like the Polestar 2, offered by Hertz for rentals, may be added to sales listings later.
- 🚫 It’s not confirmed whether the IRS credit can be applied to these discounted Tesla vehicles.
The electric vehicle (EV) market is witnessing a seismic shift, and the latest player to make waves is Hertz. The renowned car rental company is now offering a tempting deal – selling off its former Tesla rental vehicles at prices that might make your jaw drop. In this blog post, we’ll delve into the details, explore the potential savings, and navigate the uncertainties surrounding Hertz’s latest venture.
Hertz’s EV Extravaganza
Hertz has opened the floodgates to an array of Tesla models, once part of its rental fleet, with prices starting as low as $17,700. This move is part of Hertz’s Rent2Buy vehicle sales program, a strategic initiative that has put a plethora of early Tesla rentals up for grabs at significantly reduced prices.
1. Affordable Entry Point
- Prices starting at $17,700 present an enticing entry point for prospective Tesla owners.
- The affordability factor opens the door for a wider audience, potentially accelerating the adoption of electric vehicles.
2. IRS Electric Vehicle Tax Credit
- A potential game-changer is the additional $4,000 reduction through the Internal Revenue Service (IRS) electric vehicle tax credit.
- This incentive sweetens the deal, making the prospect of owning a Tesla even more appealing.
3. Uncertainties Looming
- Despite the promising discounts, uncertainties linger regarding the applicability of the $4,000 tax credit to these former Tesla rentals.
- Clarity on this matter is crucial for potential buyers, as it significantly influences the overall cost.
Navigating the Rent2Buy Program
Hertz’s Rent2Buy program adds an intriguing layer to the purchasing process, offering potential buyers unique opportunities to test-drive or rent these vehicles before committing to a purchase.
1. Flexible Options
- The Rent2Buy program allows for a three-day rental, providing ample time for potential buyers to experience the Tesla models firsthand.
- Alternatively, a two-hour test drive is available for those who prefer a shorter trial period.
2. Potential Savings
- Hertz goes a step further by waiving the rental fee for individuals who decide to purchase a vehicle after renting it.
- This innovative approach encourages potential buyers to take advantage of the trial options, potentially resulting in a win-win scenario.
Behind the Scenes: Hertz’s Tesla Fleet Expansion
In October 2021, Hertz made headlines with its monumental deal to purchase 100,000 Tesla Model 3 vehicles at full price. This move, later confirmed by CEO Elon Musk, marked a significant shift towards incorporating electric vehicles into Hertz’s fleet.
1. Diversification Beyond Tesla
- While Tesla models dominate the current listings, there’s speculation about the potential inclusion of other electric vehicles like the Polestar 2 in Hertz’s sales offerings.
- This diversification could cater to a broader audience with varied EV preferences.
Closing Thoughts: To Buy or Not to Buy?
The prospect of owning a Tesla at a fraction of the regular cost is undoubtedly enticing. However, potential buyers must carefully weigh the uncertainties surrounding the IRS tax credit and consider the broader landscape of electric vehicle offerings.
As Hertz continues to reshape its fleet and make electric vehicles more accessible, the automotive industry braces for further disruptions. Whether you’re an EV enthusiast or a casual observer, the Hertz Tesla bonanza is a development worth keeping a close eye on.
