Hertz is Going Bankrupt and You Can Get a Car for Almost Nothing

In a recent video titled "Hertz is Going Bankrupt and You Can Get a Car for Free," automotive expert Scotty Kilmer discusses the financial challenges faced by Hertz and the potential opportunities for consumers to purchase vehicles from the company's fleet at reduced prices.

Kilmer highlights that during Hertz's previous bankruptcy proceedings in 2020, the company sold a significant number of vehicles to raise capital, which provided consumers with access to used cars at competitive prices. He suggests that if Hertz were to face similar financial difficulties again, a comparable situation could arise, presenting potential opportunities for those looking to purchase used vehicles.

However, it's important to note that as of now, Hertz has not announced any new bankruptcy filings. While the company has faced financial challenges, including a reported $2 billion loss in 2024 due to its electric vehicle strategy, it continues to operate and has been taking steps to manage its fleet and financial obligations.

For consumers considering purchasing a used vehicle from Hertz or any rental car company, Kilmer advises conducting thorough research. This includes checking the vehicle's maintenance history, mileage, and overall condition, as rental cars often experience higher wear and tear. Additionally, it's prudent to compare prices with other used car options to ensure you're getting a fair deal.

In summary, while Hertz's financial situation has led to vehicle sales in the past, there is currently no indication of an imminent bankruptcy that would result in a large-scale liquidation of its fleet. Consumers should stay informed through reliable news sources and exercise due diligence when considering such purchases.

For more insights, you can watch Scotty Kilmer's full discussion here:


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