Is Hertz getting rid of all its electric vehicles? “Hertz is so desperate right now. They are literally begging EV renters to purchase the car they’re currently renting right now,” Pearce claims in his video. “And you could low-key get them for a steal. One guy was offered a [Tesla] Model 3 that he was currently renting for less than $18,000. With less than 30k miles.” According to Inside EVs, Hertz is selling off its fleet. They report that one can get a Tesla Model 3 for under $20,000—though it’s more likely to have a higher mileage. Considering the $4,000 federal tax credit on used electric vehicles, you could score one for roughly $15,000. “It sounds like a steal but let’s look further into it,” Pearce says. “Hertz is dumping their EV fleet right now. Mostly because they almost put them out of business. Selling Polestars and Teslas that they spent millions on for dirt cheap. Mostly because of steep depreciation. One Reddit user shared an email that they got from Hertz while they were currently renting a Tesla Model 3.” Advertisement The Reddit post Pearce refers to does offer a Tesla Model 3 with under 30,000 miles for roughly $18,000. “The email was offering to sell him the 2023 Tesla Model 3 with less than 30,000 miles on it. For just $17,000. And that’s actually insanely cheap for a used Tesla,” Pearce says. “But of course buying an ex-rental always comes with risks. You’re almost guaranteed that this thing has been driven into the ground. And more than likely also abused. So it might be a steal, but maybe not for the long term.” “To me, this signals that Hertz is not looking good,” he concludes. “And they’re really regretting their big EV investment they made a couple years back. But it begs the question: Would you buy an EX rental Tesla?” What does Hertz have to say? Hertz told the Daily Dot that the brand is not making an intentional effort to get rid of electric vehicles specifically—car sales are simply part of its business model. Advertisement Sometimes Hertz sells newer model vehicles for discounted prices simply because they notice its consumer base doesn’t have as much of a demand for them. The brand does the same with gas-powered cars as well. “Hertz not only rents cars; we sell them, too,” a Hertz spokesperson told the Daily Dot in an email. “While used EVs are relatively rare in the market, we price our vehicles based on current market trends and mileage to ensure fair pricing. This presents an excellent opportunity to buy an EV at a competitive price, backed by our 7-day money-back guarantee and comprehensive 115-point inspection.” Hertz’s EV inventory Hertz’s used car sales section on its website indeed has a section dedicated to electric vehicles. And they are exceedingly cheap. Advertisement For instance, you can nab a 2023 Chevrolet Bolt EV 1LT Wagon for just $14,900—and it’s got less than 22,000 miles on it. By and large, if you’re looking for the cheapest possible EV to get from Hertz, Bolts look like the way to go. And, like many EV models, the Bolt’s battery is covered under warranty. An eight-year 100,000-mile plan can help allay fears for some buyers who worry this component might fail. The massive batteries that power EVs are easily their most costly component to replace. For instance, the Bolt’s would run $16,000 to $16,500 to swap out—more than the car’s current cost. There are luxury offerings as well. Hertz is selling a 2023 Mercedes Benz EQB for almost half of its original MSRP. A sub-20,000-mile model in Arizona is selling for $29,000, and a $30,000 one has 8,500 on the odometer. You can nab Subaru Solterras for $28,000 and under, along with a few 2022-2023 Tesla Model 3’s. A 2023 Kia EV6 is on sale for $32,000, which may give long-term owners the most peace of mind. The brand’s 100,000-mile warranty covers both its battery and drive train. Interestingly enough, despite having the highest stockpile of Ford Mustang EVs, they’re some of the most expensive. Like this $44,000 one in Orlando. Advertisement