HOUSTON – The coronavirus pandemic has taken a toll on car rental companies, including one that plans to sell a fleet of cars to try and stay afloat amid the economic slowdown.
Car rental company Hertz has begun selling its fleet of cars more than 10% below market value after filing for bankruptcy.
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According to CNN Business, the company filed for Chapter 11 bankruptcy due to the sharp decline in air travel caused by the coronavirus pandemic.
A total of 182,000 cars, trucks and SUVs are being sold with a no-haggle price between approximately $10,300 and $45,000 depending on the age and mileage of the vehicle. Various makes and models are available for purchase.
Several cars, such as the 2018 Nissan Sentra, are being sold for $10,395, almost 12% below market value. Most cars have an average mileage of 30,000.
Those interested in purchasing from Hertz can shop online and have the vehicle delivered within a 75-mile radius.