Should You Buy a Used Tesla Rental from Hertz?

2024-12-27

Are you dreaming of owning a Tesla but hesitant about the high price tag? Hertz’s recent sale of its Tesla rental cars at significantly lower prices has many wondering if they’re a good buy. This article explores the pros and cons of purchasing a used Tesla from Hertz and offers insights to help you make an informed decision.

Hertz is selling off its Tesla rental fleet at prices considerably lower than market value. A 2023 Tesla Model 3 from Hertz was listed for $17,913, while Edmunds estimates the same car to cost between $26,346 and $39,831 depending on options, condition, and mileage. This significant price difference is tempting for potential Tesla buyers. However, there are potential drawbacks to consider, as some Redditors on the r/HertzRentals subreddit have pointed out. Rental cars are generally driven more frequently and may not receive the same level of care as personally owned vehicles.

What Undercode Says:

While the price savings offered by Hertz are undeniably attractive, there are several factors to consider before buying a used Tesla rental car:

Mileage: Rental cars typically have high mileage, which can significantly impact their battery life and overall value. The Teslarati article mentions a 2022 Model 3 with 136,200 miles listed for $19,736. While the price is low, the car’s battery health and remaining lifespan could be questionable.
Vehicle history: It’s crucial to obtain the car’s complete maintenance history. Rental cars might have been involved in accidents or sustained unreported damage. A thorough inspection by a qualified mechanic is essential before making a purchase.
Warranty: It’s unclear if Hertz’s sale includes any remaining Tesla warranty coverage. Without a warranty, you’ll be responsible for any repairs needed after purchase.
Battery health: Battery health is a significant factor affecting a Tesla’s performance and range. Requesting a battery health report from Hertz is crucial to understand the car’s remaining range and potential future repair costs.

Conclusion

Buying a used Tesla from Hertz can be a good option for budget-minded buyers who are aware of the potential risks. By carefully considering the mileage, vehicle history, warranty status, and battery health, you can increase your chances of getting a good deal on a Tesla. However, if you prioritize reliability and a pristine vehicle history, you might be better off looking at used Teslas from private sellers or Tesla’s certified pre-owned inventory.