FlyerTalk Forums - View Single Post - Consolidated "Renting an Electric Vehicle from Hertz" Thread
Old Oct 28, 2023 | 1:40 pm
  #728  
jmw
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Join Date: Jan 2003
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The problem with Hertz buying Tesla is the same for me buying Tesla. The depreciation is steep for all new cars but especially for new EV. The depreciation is so steep that no amount of discounted or free EV charging can make up for it. I remember the days when all cars appreciated from 2020-2022 including Tesla. You could make money driving a car for six months and trading it in. Those days are gone and gone forever. There are a bunch of people with negative equity and they will not be able to roll it into a new car loan due to the size of the negative equity and banks limiting max LTV. So these YOLO fools who bought new are out of the market for years. I'm a cash buyer (sub $10k used cars) and I never, ever buy new. New car depreciation is going to be steep going forward with the lack of car loan buyers. If you are a TNC Hertz renter and put 100+k miles a year on various newish Tesla vehicles that don't belong to you for a reasonable weekly rent with CDW, that is an incredible deal for you while Hertz is being taken to the cleaners for the depreciation and the damage.
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