Buying Advice

Hertz's liquidated assets may be the key to getting a good deal on a used car

Cars from mass market and luxury automaker are now up for grabs at low rates.

Photo courtesy of Infiniti Motors

Without Americans traveling for work and pleasure due to the COVID-19 pandemic, many businesses in the travel and auto industry are suffering. From airlines to automakers to dealerships and rental car services, the impact has been great.

As rental car companies look to remain solvent, CNN Business reports that industry experts expect rental car companies to unload 1.5 million cars from their U.S. fleets in the coming year. Hertz Global Holdings Inc., one of the nation's largest car-rental companies, filed for bankruptcy protection on May 20.

The company is selling its used cars at a steep discount according to the newest iSeeCars study. Analysis of over 20,000 used cars from model years 2017 to 2019 listed by Hertz Car Sales found that the company's vehicles can currently be found, on average, for $1,389 below market value, which is 43.3 percent more than the average discount for Hertz vehicles in April at $969.

Below are the best deals based on percent below market value.

No. 10. - Nissan Quest

2017 Nissan Quest

Photo courtesy of Nissan North America

Hertz has listed the car at an average price of $13,874. That amounts to an average savings of $1,810 because its price is 12 percent below market value.

No. 9 (tie) - Volkswagen Golf

2018 Volkswagen Golf

Photo courtesy of Volkswagen AG

The average Volkswagen Golf listed for sale is priced 12.3% below market value for a savings of $2,023. The Golf, on average, however, costs more than the Nissan Quest with its average price of $14,434.

No. 9 (tie) - Kia Forte

2019 Kia Forte Photo courtesy of Kia Motors

The Kia Forte is one of the cheapest models on this list, and a good car. It is listed on average for $10,851, which represents a savings of $2,023. That's 12.3 percent below market value.

No. 7 (tie) - Buck Cacada

2018 Buick Cascada

Photo courtesy of Buick

The Buck Cascada came and went from the U.S. market with America barely batting an eye. Still, it's a decent convertible (albeit with a dated infotainment system). Buyers will pay an average list price of $15,564 for one, which is a $2,241 savings over the usual price. That's 12.4 percent below market value.

No. 7 (tie) - Nissan Versa Note

2018 Nissan Versa Note

Photo courtesy of Nissan North America

The subcompact Nissan Versa Note is a good commuter hatchback. It's listed for just $9.533 on average representing a savings of $1,375 - 12.4 percent below market value.

No. 5 - Toyota Tundra

2018 Toyota Tundra

Photo courtesy of Toyota Motor Sales U.S.A., Inc.

The Tundra is the only truck on this list. Its average asking price is $31,383, which is 12.6 percent below market value. The average savings on the model is $4,714.

No. 4 - Infiniti QX50

2019 Infiniti QX50

Photo courtesy of Infiniti Motors

The Infiniti QX50 is a comfortable cruiser. Its average list price of $27,760 is one of the higher on the list, but that price represents a $4,145 average savings. The SUV is listed for an average of 12.7 percent below market value.

No. 3 - Mercedes-Benz A-Class

2019 Mercedes-Benz A-Class

Photo courtesy of Mercedes-Benz

Hertz has listed the Mercedes-Benz A-Class car for an average of $28.555. That's $4,252 an average savings of $4,252 representing 13 percent below market value.

No. 2 - Chevrolet Trax

2019 Chevrolet Trax

Photo courtesy of Chevrolet

The Chevrolet Trax fits the bill of what people most often think of when they think about a rental SUV. Current listings have the Trax with an average price of $11,196, an average savings of $1,714. That amount is 13.4 percent below market value.

No. 1 - BMW 7 Series

2017 BMW 7 Series

Photo courtesy of BMW

Donald Osborne is famous for, among other things, being teased by Jay Leno about how he cares more about percentage gained or lost on the value of a car rather than the dollars and cents side of the equation on Leno's popular TV show "Jay Leno's Garage".

The BMW 7 Series is a classic example of the type of car Osborne would appreciate while Leno would roll his eyes. It is listed for an average price of $42,680 - easily the highest number on this list. However, that cost represents an average savings of $6,877, making the car 13.7 percent below market value.


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The F-Type P450 cars replace the P300 and P380 as part of the Jaguar lineup.

Photo courtesy of Jaguar

Two new versions of the Jaguar F-Type are on the horizon. New versions of the model have been created to further the car's luxury proposition and both are powered by a roaring V8 engine. The new P450 variants replace the P300 and P380 models currently in the lineup. Jaguar is keeping the F-Type R around.

2022 Jaguar F-Type P450

The 2022 Jaguar F-Type P450 will be available as a coupe or convertible in P450 RWD or P450 R-DYNAMIC AWD grades. All varieties come with a 444-horsepower supercharged V8 under the hood that achieves 428 pound-feet of torque. An electronic active differential is standard. In all configurations, the car gets from zero to 60 mph in 4.4 seconds and has a top speed of 177 mph.

2022 Jaguar F-Type P450 The car has received minor exterior updates from the 2021 model.Photo courtesy of Jaguar

In a nod to its suburban buyers, the F-Type has a Quiet Star mode that allows a more subtle roar out the back side of the car upon startup. Drivers who don't care about keeping quiet can switch the car in to Dynamic mode and let the rumble out.

Each F-Type P450 rides on 20-inch wheels, has larger brakes than traditional F-Type models, and has the switchable exhaust. Double J-Blade daytime running lights feature up front while new slender rear lights allow the body of the car to speak for itself.

Buyers who get the F-Type P450 R-Dynamic AWD get bespoke badging; a gloss black front splitter, side sills, valance, and venturi; auto-dimming, power- folding, heated door mirrors with memory; and 20-inch Style 6003, split-spoke, gloss Dark Grey with Contrast Diamond Turned Finish Wheels.

2022 Jaguar F-Type P450 The interior sports a refined appearance.Photo courtesy of Jaguar

Monogram stitch patterns on the car's seats and interior accents in Windsor Leather and satin-finish Noble Chrome enhance the interior. Additionally, there are "Jaguar Est.1935" markings on the center console finisher, glovebox release button surround, and seatbelt guides. Six-way electric power seats are standard on F-Type P450 RWD, while F-Type P450 R-Dynamic AWD adds 12-way electric memory front seats, electrically adjustable steering column with memory, Delta Aluminum Center Console, and R-Dynamic branded metal treadplates as standard equipment.

A 12.3-inch driver information display is standard.

F-Type P450 is available in 11 standard exterior colors, and can be ordered in over a dozen custom SVO paint finishes. It starts at $69,900 for the P450 RWD Coupe and $79,900 for the R450 R-Dynamic AWD Coupe.

2022 Jaguar F-Type R

The F-Type R is the pinnacle of the Jaguar lineup with torque on-demand all-wheel drive, Jaguar Intelligent Driveline Dynamics control technology, a double wishbone front and rear suspension, and electric power-assisted steering.

It can get from zero to 60 mph in 3.5 seconds and has an electronically limited top speed of 186 mph thanks to its 575-horsepower supercharged V8 engine. All-wheel drive is standard.

This model starts at $103,200.

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The 2022 Toyota Prius Nightshade is a fresh edition for the company's lineup.

Photo courtesy of Toyota Motor Sales U.S.A. Inc.

One of Toyota's most efficient cars is getting the blackout treatment. Like other Nightshade editions Toyota puts out, the 2022 Prius Nightshade has all the requisite black accents while maintaining its heralded powertrain.

The 2022 Toyota Prius Nightshade is available in front- and all-wheel drive. Buyers can add the treatment to Prius L Eco, LE, LE AWD-e, XLE, XLE AWD-e and Limited grades. It comes in the buyer's choice of Midnight Black Metallic, Super White, or Silver Metallic paint job. Front-wheel drive models ride on standard 17-inch five-spoke alloy wheels while AWD-e cars get 15-inchers with black insert and lug nuts.

The exterior of the car also gets black headlight accents, mirror caps, door handles, color keyed rear deck spoiler and shark fin antenna.

2022 Toyota Prius Nightshade

Photo courtesy of Toyota Motor Sales U.S.A. Inc.

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Each of the models is powered by the Prius's 1.8-liter four-cylinder gasoline engine, which is paired with two electric motors. A continuously variable transmission is standard. All-wheel drive models get an EPA-estimated 51 mpg in the city, 47 mpg on the highway, and 49 mpg combined. Front-wheel drive versions do a slightly better 54 mpg in the city, 50 mpg on the highway, and 52 mpg combined.

Inside there are standard SofTex-trimmed trimmed, heated, power adjustable front seats and a SofTex-trimmed heated steering wheel and semi-gloss black center console. A 7-inch infotainment touch screen is standard, as is a six-speaker JBL sound system. Apple CarPlay, Android Auto, and Amazon Alexa come on every model, as are an auxiliary jack, three USB ports, a wireless phone charger, and one 12-volt outlet.

Toyota Safety Sense 2.0 is standard and includes a pre-collision system with low-light pedestrian detection, adaptive cruise control, bicyclist detection, lane departure alert, automatic high beams, and road sign assist.

All Prius models come with a three-year/36,000-mile basic warranty and 60-month/60,000-mile powertrain warranty. Toyota's hybrid battery warranty is for 10 years or 150,000 miles from the vehicle's in-service date, whichever occurs first. The hybrid system warranty is for eight years or 100,000 miles from the vehicle's in-service date.

This latest member of the Nightshade family means that there are 11 Nightshade editions in Toyota's stable. The Prius is the first hybrid to get the treatment.

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