Hertz, which also operates the Dollar and Thrifty agencies, has declared bankruptcy. Industry experts expect the company to sell off a large portion of its fleet, which should bring about some deals car shoppers might very well want to consider.
And that should bring about some deals car shoppers might very well want to consider, experts say. Deep discountsEven when we were not in an economic crisis, shoppers could often find a good deal on a used car at one of the major car rental agencies, including Hertz, Avis or Enterprise. Rental car companies routinely sell off cars, usually after a year or two of service.
Enterprise offers a seven-day buy back period on its used cars. During that week, the car can be returned for the purchase price, minus a $200 restocking fee, according to the company's website. But is the car in good shape?The idea of buying a used rental car makes some people uneasy. The car may have had a brutal life. Renters have little incentive to treat a car gently, the thinking goes. Rental cars also often drive more miles in a year than cars owned or leased by an individual.
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