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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Nuts & Bolts

 
 

The Torsus Terrastorm will provide off-roadinng capability in a short bus format.

Photo courtesy of Torsus

Torsus made headlines earlier this year when it unveiled the world's first heavy-duty 4x4 bus. The Praetorian is a modern engineering marvel - made to go pretty much anywhere and take a group of people with it. Now, the company is expanding their roster with a new model.

The Torsus Terrastorm is a heavy-duty off-road capable 4x4 short bus.

2021 Torsus Terrastorm The Terrastorm takes the notion of a traditional short bus up a notch.Photo courtesy of Torsus

"At Torsus, we are breaking new ground by designing, developing and manufacturing the world's toughest off-road buses," said Vakhtang Dzhukashvili, founder and CEO of Torsus. "In the all-new Terrastorm we signal our ambition to set new standards in the heavy-duty 4x4 minibus market across some of the toughest industries known to man. We built Torsus to be a trailblazer and redefine the way people think about commercial vehicles, and the Torsus Terrastorm is the next step on our journey to make this reality."

It's built on a Volkswagen Crafter 4Motion chassis that has been upgraded to feature a more robust suspension.

Torsus says that new EURO VI (diesel) engines replace the van's traditional 2.0-liter TDI engine. Torsus has shoed the van with BF Goodrich tires. It also has a ladder and spare tire out back, and a brush guard up front.

The Crafter chassis is capable of supporting a three- to five-ton van. This makes it a model able to be used for conversion to an ambulance or off-road rescue vehicle, or, perhaps, an adventure-ready tour bus.

2021 Torsus Terrastorm The model rides on BF Goodrich tires.Photo courtesy of Torsus

Torsus will offer the model in a variety of configurations.

More information about the Torsus Terrastorm will be revealed later this month. Sales will start in Q3.

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The Subaru Crosstrek has been refreshed for the 2021 model year.

Photo courtesy of Subaru of America, Inc.

Long beloved for its zippy drivability and spacious cargo area, the Subaru Crosstrek is also just underpowered enough for some drivers to make it a non-starter. The automaker is now offering a 2.5-liter four-cylinder option for the 2021 Subaru Crosstrek.

Buyers can choose the standard 2.0-liter four-cylinder engine that delivers 152 horsepower and 145 pound-feet of torque or the 2.5-liter that is shared with the Forester and gets 182 horsepower and 176 pound-feet of torque.

2021 Subaru Crosstrek The car is mostly unchanged at the rear compared to the 2020 model and still just as capable. Photo courtesy of Subaru of America, Inc.

Both engines are paired with a continuously variable transmission (CVT) in most trim levels. The standard six-speed manual transmission in the Base and Premium grades is paired with the smaller engine. Models equipped with the CVT get Intelligent and Sport drive modes.

The larger engine gets 27 mpg in the city, 34 mpg on the highway, and 29 mpg combined. The smaller engine, mated with the CVT, achieves 28 mpg in the city, 33 mpg on the highway, and 30 mpg combined. With the manual, the Crosstrek gets just 22/29/25 mpg city/highway/combined.

All models will continue to be sold with standard all-wheel drive with active torque vectoring technology. Base models get a Low Shift Mode for descending hills.

Models with the CVT come standard with a suite of Subaru EyeSight Driver Assist Technology. That suite now includes adaptive cruise control with lane centering (debuted on the 2020 Outback) in addition to automatic pre-collision braking, pre-collision throttle management, lane departure prevention, lead vehicle start alert, automatic start-stop, rear seat reminder, and SI-Drive.

2021 Subaru Crosstrek The Crosstrek Sport features blacked out interior and exterior elements. The Crosstrek Limited is the most refined model. Photo courtesy of Subaru of America, Inc.

The 2021 Subaru Crosstrek will start at $22,245, just a $100 increase over the price of the 2020 model.

Subaru is adding a Sport grade ($26,495) to the Crosstrek lineup for 2021. It, along with the Limited trim level ($27,995), comes standard with the larger engine. The Crosstrek Sport gets dual-function X-Mode, which also debuted on the Outback, and includes hill descent control with snow/dirt and deep snow/mud selectable settings.

The 2021 Subaru Crosstrek will make its way to a dealership near you this summer.

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