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- เผยแพร่เมื่อ 16 ก.ย. 2024
- My experience with Hertz Rent2Buy and tips and advice on buying a car this way. This was my second rent2buy purchase.
Correction - I misspoke about the warranty in the video - The car did come with a limited 1 year warranty from Hertz in addition to the balance of the manufacturers warranty.
July 2023 - Both Hertz Rent2Buy cars still going strong - 165k miles on the 5 year old Tiguan and 140k on the 10 year old car Versa. Just routine maintenance since 2020 update. Both cars now paid off!
I think the most important reason for not having issues is that I did all the routine maintenance as soon as I got the cars home -oil change, air filter, cabin air filter, spark plugs, new tires, radiator flush, brake pads. If I were doing it again I would add transmission fluid change - even on a 'closed' transmission.
Would seem wise no matter where you get a used car from unless you have a very detailed maintenance and repair history.
May 2020 - 87,000 miles now and still happy . I need to get another set of tires because I originally bought car tires instead of SUV tires the first time - really hurt the handling. Live and learn. Runs fine, no leaks, my only issue is my 'tall' son managed to put a dent in the door when he first got his license.
My other Hertz Rent2Buy a 2013 Versa with 120,000 miles now hasn't had any major work - just preventative maintenance. That one has had a very minor alignment issue since day one but not a big deal. The only major issue with that is a slipping transmission - that's a Nissan issue and nothing to do with how it came to us from Hertz.
Really appreciate this video. Great information, thank you. So far my phone inquiries into this program have been pretty disappointing. Every Hertz rep I've talked to has been rude, abrupt, rushed, inconsiderate and totally lacking in even baseline customer service skills.
Great job and explaining everything❤
Thanks for taking the time to get this on TH-cam. I didn't understand the process, but now I think I do.
Bought 2 cars the last 10 years both Toyota's ! Best cars I ever owned ! Saved a lot of money too !
For toyotas , may be it is good , i bought Vw and it is horrible .Moreover , they gave me that car with Engine oil plug nut leaking. Just gave me with conventional oil on that TSI engine . May be they didn't know how to fixed that leak and putting conventional oil. That is hertz Smith town.Long Island ,NY.
I flew from Seattle to Salt Lake City for a Rent2Buy offer from Hertz for a 2018 Mazda 3. The program advertised a warranty, but the contract stated the car was sold “as is”, which seemed misleading to me. They insisted on financing the car, even though I had the full amount ready to transfer within 1-3 days. The financing terms were not favorable, with a high interest rate and a long term. I was concerned about potential defects in the car that might surface later, and the “as is” clause could prevent me from making a claim. They tried to rush me into signing the no warranty paper and the financing agreement. I walked out without any regrets other than what I paid for the rental I didn’t need and the time wasted with them.
Wow. Thanks so much for telling us this. I was about to do a Rent To Buy but reconsidering now. I don't want to finance, I want to write a check and pay in full on the spot. Do they not accept that?
Also, they advertise on their website a 7-Day Return/Refund guarantee "You can return your Hertz Certified or Rent2Buy vehicle within 7 days/250 miles after purchase, whichever comes first. Bring it back and pay the difference for another, higher-priced vehicle or we'll refund you." Without this option I would never buy from Hertz. I want to take the car to a mechanic right after purchasing and return it for refund if any major problems.
@@sl2608 In the contract they have a section specifically for renouncing to all warranty, they said it was standard. It might be something on that particular location but be aware if you sign that you don't get any form of warranty. They didn't accept cash, nor check, and while I can rent the car while it clears, if for any reason there's any delay they'll charge the credit, which was at a 10% rate. They don't accept credit. I assumed it was going to be credited before the rental expired, but the renouncing the warranty was a showstopper. I'll consider buying in the future, but not with those conditions. Maybe it was just that Salt Lake City location but be alert.
@@ilannknochen All the cars that I've looked at in their Rent To Buy have come with the standard, very limited Hertz 12mo/12000 miles warranty, which I consider pretty worthless once you read the fine print. The tricky words in the "warranty" being: "LIMITED" powertrain warranty and "COVERED" parts to repair or replace." A lot of slick-talk mumbo jumbo. Had the car you wanted, 2018 Mazda, already exceeded the manufacturer's warranty, typically 3yr/36,000? And if so, then Hertz didn't offer any extended warranty? Thus leaving only their 12mo/12000?
Most of the used cars on cars lots today are former rentals anyway. Might as well go buy one from the Rental car place that they come from. Hertz gives you a 12 month/12k mile warranty that you wouldn't get from a regular dealer.
Thank you for your insight and sharing your experience... It helps a lot of people out, including myself!
Did you ever catch ferris?
Seems like a way to get a reliable car for less than at a dealer. I need another car for work (drive as a courier) so I need something with lots of miles left but not for crazy money. I'm mainly looking at Toyota stuff. Thanks for the video, sounds like a bit of a PITA but still manageable.
Thanks a million, saw your video twice, yesterday got a cashier check for 2k, i called and asked a few question. I bought a 2017 nissan versa hertz certified. Test drove and signed the deal. My credict is not good but they workded around bit and in 2hours and 20 minutes i was in the road, it took longer because i did not have insurrance which the helped me catch a deal too. 💪
The first one we did was a 2013 Versa. 95k miles now and still running well. The only issue we've run into is with the transmission, gets stuck in a gear occasionally which it turns out that was a common problem. Hopefully they've made improvements since that model year.
So with not having great credit, how are your payments looking?
@@ebutler5202 shoulda taking it to Nissan to get if fixed for free becuase of the warranty
Well, things have changed. Drastically. I used to think this was a good way to buy a used car. Not anymore. Hertz, Avis and Enterprise have partnered with Uber and other delivery companies and now allow delivery drivers to rent their cars -- even for up to 6 months without having to bring the car back in for inspection and maintenance. I was considering Hertz and Avis for a used car, but no more. What's you opinion, Mr. Butler? No longer a good option for buying in my opinion.
Last winter I bought a 1 yr old Tiguan S with 19K miles thru Rent2buy, about $10K or 40% off what it sold for new. Second time for me. I might add that almost all their vehicles will be base models so may not have the options you want, for example few will have heated seats. I can't swear to it but the Rent2buy vehicles seem to be in better shape, have less miles, and cheaper than the ones on their car sales lots. The models from their Prestige Collection, usually higher end vehicles, seem to be in better shape too. They also use AutoCheck not Carfax, but I was told they will only send a vehicle that has been in an accident to auction.
Thank you so much for this vid, I've been thinking about this for a lil over a month...I'm confused about 2 things, did you rent the car that you bought? Or were you able to rent 1 and choose another.. My Hertz has 17 of the same car also were you able to rent 1 make and change your mind and rent another make..Not sure if I want the Rogue or the Compass.. Think I'll go with my credit union for financing
About the rental. I believe the car you reserve for Rent to Buy is the one you can get at the Rent to Buy price. However, you aren’t required to purchase it, there may be a car on the lot at the Hertz dealership you prefer but the price won’t necessarily be the same. When I was looking it generally seemed that cars on Rent to Buy were cheaper that the same car off a Herz lot. Both times I’ve done Rent-to-Buy the salesperson doing the paperwork offered to show us cars on the lot. I suspect that the dealership makes more or the salesman gets a commission if they get you to switch to one of the cars off the lot.
So when you reserve a rent to buy you actually do have to rent that car - one hour or a weekend. The rental price is refunded if you purchase the car, not sure if they refund it if you change your mind and pick one off the lot. Even though Hertz is one company, it seems like the rental side (rent to buy) and the sales side (Hertz dealership) operate almost as different companies. Kind of adds to the confusion.
Credit union is a good idea, get a preapproval letter and take that with you. Make sure when figuring the cost to add on the ‘document fee’ (title transfer and plates). Each state has a different rate - call the Hertz help number on the rent to buy page to find out what it is in your state.
Good luck!
@@ebutler5202 OMG thank you so much! I did notice the cars are a lil cheaper on the rent to buy side online..so happy I found your vid, finally someone gave me the nitty gritty 😊😊😊
Well Hertz do have great customer service especially in the Galleria Western Inn Alabama location here in Houston Texas I have hail damage on one of the cars I rented so let's see if they going to let me see damage car I'll keep you updated
are you buying the car?
How did they handle the situation with the hail damage to your rental car?
Thanks again for this very informative video and a very big thanks for all the comments now I feel like Arnold Schwarzenegger with this New found knowledge of rent 2 buy from hertz car sales
Morning
Thank you so much for that. Very informative.
I will pay a car as a cash so,
1- I fund a car.
2- book it for rental for three days roughly.
3 - if i like it I will pay all the amount of money + application fee. May I correct?
Thanks
Yep, that's it. Cash should make it go even faster I would think.
im just trying to get a car with bad credit. Dont think that's possible.
You can you’ll just have to be flexible as far as what you want. Do your research & do what you can to save up cash wise. Also fix your credit. I was there it took some time but it will get better just keep working at it.
Rent to buy, make it sound like you just rent the car as part as of the payment every month.
Very misleading, I would not call that a rent to buy!
If you would go down to most rental places, you you pay 2 months in advance. Take your tv home and make payments on it on till the 28 months are what ever the contract says.
They need to rename their rent to buy program . Because that not really rent to buy!
When I first seen it, I thought you just rented the car until you owned it.
Great video, I was thinking of buying a vehicle soon. How did you get both of your cars inspected, being so from away from your home?
When you buy they give you a temporary plate until you get a copy of the title mailed to you then you take that to get registration and tags. In PA you need your registration and proof of insurance to do inspection. So really no issue.
Very Helpful. Thank you.
Great video! I agree with you about the discount airline analogy. A lot of folks don’t know how to get a good deal. How is the new car treating you? I am thinking of getting a 2019 Rav myself.
Great! Drove it on a 21 day USA summer road trip from PA to Utah and all around the southwest this past summer, plus lots of long regional trips. I'm up to 79,000 miles, I think I bought it with 37,000~ish. Zero issues and just basic maintence. Still very happy with my purchase.
130,000+ now on both my Rent2Buy cars. the 2017 Tiguan (in video) is going fine. Routine maintenance is all I've done so far. The 2013 Versa (Rent2Buy in 2015) need a transmission last year (very common problem on that era Nissans) but otherwise fine. I did find out that the Versa had had some body work done on it that I didn't know about when I bought the car. Didn't have any impact on driving or reliability but would have been nice to know ... I didn't take it anywhere to be inspected before purchase, guess I was lucky on that one.
I don't know why but I usually find former rental vehicles at better prices on dealers than directly from Hertz
wow great insight. thanks a lot. any minimum credit score you need for the financing./ Thanks !
Don't know but once you've decided on the car you are interested in take the car info and VIN # to your bank and ask them if you would qualify for a loan. You could also call the 1-800 number for Hertz and find out where you would be doing the sales paperwork and call that location to speak to Finance Department. Be sure you get your credit score before hand and have your income info so you can get an accurate quote. You can get your score for free - you are entitled to a free credit report (once?) a year from each of the credit reporting agencies or you can get it for free through some credit cards or services like creditkarma. Remember the total cost will be price + document fees + taxes. I think that Hertz can give you the final total beforehand to share with your bank.
hertz sale cars. is it possible to buy 1 in cash or cashiers check?
I would call the Hertz 1-800 number and ask.
Seem like it defeats the purpose still a high interest
No down payment requirement?
I don't know. You could at that time do a credit application online for finance through their web site. I think the amount down is based on the book value of the car VS. Purchase price and your credit rating. I would probobly figure out which car I was interested in and then call my bank with the vehicle info to get a good idea. Don't forget to factor in tax and fees.
Grrrrrrrrrreat job on explanation
Do you have to rent for 3 days or can you do just 2 days ? Do the Manufacturer Powertrain warranty's still apply?
You need to rent for at least an hour, max is 3 days. Rental fee is refunded when you buy. Yes, to the warranty question. It also comes with a warranty from Hertz, I think it's 12 month/ 12k miles. I misspoke in the video .
Hey great video as I plan on checking this out. I have one question in regards to the car. How does it run for the time you have owned it? I know your taking a risk when buying these cars but I want to make sure I’m very careful and when I purchase don’t have a car breaking down or is it just luck?
So far no issues on almost 11k miles. I did end up:
Buying a new set of tires
Alignment
Air filter
Wiper blades
Oil changes
New battery
Will do soon - brake pads, spark plugs.
Basically all the maintenance items you would expect at 30-40k miles.
Two minor issues that I didn't see until later, a small chip in the windshield and a cover for the rear wiper was missing.
Yes, I'm still very happy with the car.
E Butler good to know and thanks for the info. I should be checking my vehicle within the next few days. Hopefully it turns out well.
When going through the rental process is there a deposit? Cause wether you use credit or debit there is always a deposit the regular way to rent a car. But with the rent2buy program is it the same with the deposit or your just paying for the 3 days
I don't believe so, but it's been a long time since I last rented a car. The 'rent' part of Rent2Buy is renting the car in the normal Hertz rental process, same as if you were just renting a car for the weekend. The '2Buy' part is handing them a check for the price listed on the website + state fees + tax - coupon (I assume there are still coupons) - the rental fee. Hertz went bankrupt during covid so things might have changed since I last bought a car from them, but that's how it worked back then.
If you do a loan your bank may require you to put money down. I would call your bank or the finance people at Hertz and ask.
Keep phone on side when recording in future.
4hrs..lol, I just got me one from Hertz, only took me 1hour;-)
How was the car and what kind?
2017 Pathfinder...the car needed back brakes but overall its a great car/SUV
I planned to rent for 2 hours and then buy same day. Is this how it works?
@@lmccall67 Yes, I assume it's still the same now. I was told you had to rent for at least 1 hour or up to three days. If you bought the car the rental fee was waived.
Best way to buy a used car...
So are u just renting until the price is paid off? Or are you renting for just 3 days and then going into the buying process
You rent for up to 3 days. If you decide you want to buy the car your rental fee is (or was, but I assume it still is in 2023) refunded.
Rental is just for up to 3 days. Then (assuming you decide you want the car) you purchase the car at the price listed on the Hertz site.
Hi buddy, great video. I have a question regarding when you entered a coupon code. Was it when you reserved the vehicle for the 3 day test drive?/initial reservation....Or when you commited to buy? (when you had the vehicle on the test drive). I didn't notice a part on the website when I booked the test drive today to apply any promo codes.
I think it was when I was reserving online. I recall I entered the AAA one but afterwards found the Hertz Gold Club discount which was $50 more off. I called the 800 number and they changed it in the system. I think I had to remind the sales person also of the coupon when we did the paperwork. I`d suggest calling the 800 number if you are having trouble entering the code. I think you need to be a gold club member to use the gold club discount automatically. Same with AAA.
Hi, Quick question ; Can I use my friends Hertz Gold coupoun or AAA coupoun?
I think they check your AAA card.
Do you need a credit card or is debit ok
? I think you mean for the rental? I believe car rentals require a credit card, but not positive.
Anybody done this post pandemic?
My son had to buy a car about a year ago and we first looked at Rent2Buy, but at that time Hertz had a limited inventory and their prices on the vehicles we were looking at were about the same as the local market so we ended up buying off FB marketplace. Not sure if things are back to normal yet or what impact Hertz's bankruptcy during the Pandemic has had on the program long term. Still think it's a great way to buy but don't just assume it's the best deal - shop around first.
Did you get 2 keys? We are in the process of buying from them and were told rentals only come with one key and we would have to check with Rent2Buy for a second.
Sadly no, neither time. Seems like they must have a second somewhere. One of the options I could have taken was a maintenance program that included oil changes and a free key every year. I didn't take it because I can get oil changes for just the cost of supplies where I work. I was very tempted though just for the extra keys. Not sure if it was a VW thing or if they offer it with other brands. Programmable keys are expensive.
R SchlossR I bought a 2017 Camry from hertz and it came with 2