Should You Buy a Used Tesla from Hertz?

🔍 Hertz is selling used Tesla rentals at significantly lower prices, raising questions about their value.
🚗 A specific 2023 Tesla Model 3 is offered by Hertz for $17,913, compared to Edmunds’ estimation of $26,346 to $39,831 for similar models.
📉 An example from Hertz included a 2022 Tesla Model 3 with 136,200 miles priced at $19,736, indicating high mileage on these vehicles.
⚠️ Redditors on r/HertzRentals are advising potential buyers to exercise caution due to the vehicles’ rental background and high mileage.
🛠 Some voices in the discussion argue that rental companies like Hertz generally maintain their fleets well, offering a counter-argument to concerns.

Navigating the used car market can be a daunting task, especially when you’re eyeing high-tech electric vehicles like Tesla. Hertz, a giant in the car rental industry, has recently begun selling its fleet of Tesla rentals, catching the eyes of many bargain hunters. But how do these offers stack up against market prices, and what should you consider before diving into this deal? This blog post aims to uncover the key aspects of this intriguing proposition.

Why is Hertz Selling Used Teslas?

Hertz, like many car rental companies, periodically refreshes its fleet. This practice ensures that customers always enjoy relatively new vehicles equipped with the latest technologies and also helps the company control maintenance costs. As electric vehicles like Tesla continue to dominate consumer interest, Hertz’s move to sell used Teslas represents both an opportunity for buyers and a strategic business decision.

Price Point: The Bait or The True Deal?

Understanding the Offer

A 2023 Tesla Model 3 priced at $17,913 from Hertz.
For comparison, Edmunds lists similar models ranging from $26,346 to $39,831 based on condition and features.
A 2022 Model 3 with high mileage (136,200 miles) offered at $19,736.

These figures suggest significant savings, but the key consideration is the vehicle’s condition, particularly concerning mileage and wear derived from rental usage.

Assessing Mileage: A Double-Edged Sword

High Mileage, High Risk?

High mileage is often indicative of extensive use, which can lead to wear that detailed maintenance services may not fully address.
Potential buyers should consider the implications of purchasing a high-mileage vehicle, especially when specific components might near the end of their life cycle.

Maintenance Insights and Practices

While concerns about high mileage are valid, some in the community argue in favor of such purchases due to Hertz’s maintenance practices. Traditionally, rental companies adhere to strict maintenance schedules to ensure their vehicles remain operational and reliable for renters:

Regular Service Intervals: Ensuring oil changes, tire rotations, and essential service checks are up to date.
Detailed Inspections: Vehicles are frequently examined by trained professionals before and after each rental period.
Prompt Repairs: Known issues are quickly addressed to keep cars in rentable condition.

Are High-Mileage Teslas Worth Buying?

Evaluating the Pros and Cons

Pros:

Cost Efficiency: Significant savings on the upfront purchase cost compared to the market average.
Tesla Technology: Access to a high-tech vehicle without the premium price tag.

Cons:

Potential for Higher Maintenance Costs: As parts wear out, replacement and maintenance expenses may increase.
Depreciation Concerns: Fast depreciation due to high mileage and rental background.

Recommendations for Prospective Buyers

Thorough Inspection: Always have a trusted mechanic inspect the vehicle before purchase.
Review Maintenance Records: Comprehensive service records provide insight into how well the car has been kept.
Consider Warranty Options: Look into warranties that can mitigate potential repair costs.

Conclusion

Purchasing a used Tesla from Hertz can be a fantastic deal if approached with due diligence. While the price may be enticing, prospective buyers should weigh the vehicle’s history and potential future costs. By following a meticulous inspection process and seeking professional advice, you can leverage Hertz’s offer to your advantage and drive away with an excellent deal on a Tesla.