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Guests attend as Hertz kicks off one of the country’s largest electric vehicle test drives at the company’s Los Angeles International Airport location on July 19, 2023

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Austin Russell, chief executive officer of Luminar Technologies, speaks during a news event at the 2023 Consumer Electronics Show (CES) event in Las Vegas, Nevada, US, on Wednesday, Jan. 4, 2023. For the first time, CES has a theme: how technology is addressing the world’s biggest challenges. Photographer: Bridget Bennett/Bloomberg

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Hertz has been contacting people who are in the centre of renting galvanizing vehicle lately to offer them the choice to purchase the car instead of returning it , reportsThe Verge . And the offers are jolly fresh , according to some renters who shared the offer on Reddit .

One renter was reportedly offered a 2023 Chevy Bolt for $ 18,442 , another was offered a 2023 Tesla Model 3 with only 30,000 mile on it for $ 17,913 , and still another got an fling to buy a Polestar 2 for $ 28,500 . On top of that , Hertz is pop the question up a limited 12 - calendar month , 12,000 - mile powertrain warranty , and a buy - back offer within seven days .

The reports add up intimately a class after Hertz said it wouldsell off a third of its EV fleet , most of which are Teslas , citing lower demand and gamey - than - bear repair monetary value .

Hertz has a chronicle ofselling carsthat it plans to offload , which admit gas - powered vehicles , and give out to renters to see if they are in the food market for the car they ’re presently charter . But the EV deal are particularly notable for buyers front for a serious rebate to what is often an unaffordable machine , and , in some cases , with decent gas mileage to boot .

Due in part to the accelerated sell - off of the somewhat fresh EVs , Hertz recorded $ 937 million in vehicle disparagement inthe third quarter , a significant increment compare to the year prior , and depreciation per unit of $ 537 .   The company say it expect the wear and tear per unit to normalize to under $ 300 by the final stage of 2025 .

This article was updated to admit more setting around Hertz ’s business of sell vehicles .

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