Hertz is aggressively offloading its Tesla Model 3 fleet, offering rental customers bargain buyout deals amid steep depreciation concerns. One customer reported an offer of just $17,913 for a 2023 Model 3 with 30,000 miles—less than half the cost of a new one.
While buying a former rental car might raise eyebrows, Tesla’s 8-year, 100,000-mile battery warranty offers some reassurance. However, concerns linger about how renters treated these EVs, especially regarding charging practices.
Hertz defends the sales strategy as an expansion of customer choice, but with prices this low, it’s clear the company is eager to offload inventory before year-end.
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