Pssssst.... Wanna buy a Z06 for cheap????

[snide]

Hertz Just Dumped A Bunch Of Cheap Z06 Corvettes Onto The Market (https://jalopnik.com/hertz-just-dumped-a-bunch-of-cheap-z06-corvettes-onto-t-1843521667)

:drivingskid::drivingskid::drivingskid::drivingskid::drivingskid:

[Old Ben]

Buying a used Vette from Hertz is about like marrying a hooker. All wore out and used up. :yesnod:

[Bill]

Key Features:

~ clear titles

~ regular maintenance

~ rode hard

~ put away wet

[mrvette]

HERTZ going BK??? bullshit......gotta be kidding me....

I know that there are many '18 NEW cars on the lots for sale...

but for Hertz to be BK?? jeez......:sadangel:

[Rob]

ugly color

[Old Ben]

ugly color

[Raazor] :toetap: [Raazor]

[Rodnok1]

I knew someone who bought a rental.. She was dumb as dirt and that POS she bought was a complete turd.

[The_Dude]

Yellow. Just say no.

[99 pewtercoupe]

HERTZ going BK??? bullshit......gotta be kidding me....

I know that there are many '18 NEW cars on the lots for sale...

but for Hertz to be BK?? jeez......:sadangel:

Not BS. They are looking down the barrel

https://finance.yahoo.com/news/car-rental-firm-hertz-gets-163339521.html

(Reuters) - Struggling car rental company Hertz Global Holdings Inc said on Tuesday its lenders have extended the deadline for certain loan repayments, giving it more time to come up with a financing plan to avoid a possible bankruptcy.

The deadline has now been extended until May 22, the company said in a filing. The earlier deadline was May 4 and it has been in talks with the lenders after skipping a payment that was due April 27.

Hertz said it will talk to stakeholders to draw up a strategy that would account for the economic impact of COVID-19 pandemic and its cash needs.

The Estero, Florida-based company, whose largest shareholder is billionaire investor Carl Icahn with 38.9% stake as of March 11, is reeling from the impact of the health crisis on global travel.

Last month, it decided to lay off 10,000 employees across its North America operations from a workforce that totaled 38,000 at 2019 end and enlisted restructuring experts to address a cash crunch that made its $17 billion debt potentially unsustainable. [nL4N2C84L9] [nL2N2C32V3] Hertz's preparations for a possible bankruptcy have been accelerating, Reuters reported last week. [nL1N2CH1X9]

Even before the pandemic, Hertz and its peers were under financial pressure as travelers shifted to ride-hailing services such as Uber Technologies Inc.

"In light of the impact of the COVID-19 global pandemic on the travel industry, Hertz believes it will not need to acquire new vehicles for its fleet through the remainder of 2020," Hertz said in the filing https://bit.ly/35z3q49.

"While Hertz has taken aggressive action to eliminate costs, it faces significant ongoing operating expenses."

Shares of Hertz, which fell as much as 22% earlier in the day after a report said the company was preparing for a bankruptcy filing, pared some losses and were down about 14.2% in afternoon trading.

[snide]

HERTZ going BK??? bullshit......gotta be kidding me....

I know that there are many '18 NEW cars on the lots for sale...

but for Hertz to be BK?? jeez......:sadangel:

Nobody has been renting cars for the past 3 months. WhereTF have you been?

[dvarapala]

Not BS. They are looking down the barrel


That's a shame - Hertz is my favorite company to rent from. I love being able to walk off the plane and straight into my car. :yesnod:

[snide]

Hertz needs to shed massive amounts of debt. Almost all of their fleet is leased. Over 560,000 vehicles in the US equates to over 13B in debt. :eek:

[99 pewtercoupe]

That's a shame - Hertz is my favorite company to rent from. I love being able to walk off the plane and straight into my car. :yesnod:

I hear ya. Been a Gold member for longer than I can recall.

[Bill]

I knew someone who bought a rental.. She was dumb as dirt and that POS she bought was a complete turd.

My friend bought a Corolla from Enterprise and kept that car for probably 20 years. Had it repainted once because it sat outside, but it ran and ran and ran until his kid crashed it and totalled it out.

Of course, people renting shitbox Corollas probably aren't putting the hammer down like they would with the Z06's, so there's that.

[99 pewtercoupe]

We bought a LeBaron convertible from Enterprise for my wife. She drove it for several years and we ended up on trading it in for the 99 Vette. The sales guy told us he was gonna buy the LeBaron from the dealership since it was a perfect car for his daughter.

[DAB]

too many people and too many companies have too much debt.

[m and t's77]

http://www.youtube.com/watch?v=nqwMz8Hyeao

[Anjdog2003]

:cool1:


Uqd_XZYkZ70

[Datawiz]

Those will likely be highly collectible 20-30 years from now...well except for the automatic trannies. :lol:

[MrPeabody]

At the last used car lot I worked at we bought lots of used rentals from Enterprise. Trust me, they were much better cars than we were buying at the auction. In general, I feel like if a car is at the auction, there's a reason. There are exceptions to that, of course.

[Aerovette]

HERTZ going BK??? bullshit......gotta be kidding me....

I know that there are many '18 NEW cars on the lots for sale...

but for Hertz to be BK?? jeez......:sadangel:

I'm guessing Uber and Lyft have taken a bite out of the rental market.

[99 pewtercoupe]

At the last used car lot I worked at we bought lots of used rentals from Enterprise. Trust me, they were much better cars than we were buying at the auction. In general, I feel like if a car is at the auction, there's a reason. There are exceptions to that, of course.

This. We had that car for about three years. It was my wife’s DD.
No issues with it.

[69camfrk]

I hate yellow anything. Plus, you know those cars have been beaten like a rented mule.:yesnod:

[73sbVert]

Hard pass. They're all autos anyway, so I'd not even consider it.

[dwjz06]

Hertz Just Dumped A Bunch Of Cheap Z06 Corvettes Onto The Market (https://jalopnik.com/hertz-just-dumped-a-bunch-of-cheap-z06-corvettes-onto-t-1843521667)

:drivingskid::drivingskid::drivingskid::drivingskid::drivingskid:Could not pay me to drive a yeller car.:lol:

[VatorMan]

Could not pay me to drive a yeller car.:lol:

C7 Z06 @ $20K ? Yeah, I could drive yeller.

[dwjz06]

C7 Z06 @ $20K ? Yeah, I could drive yeller.20K ok Tom twist my arm! Not that there are any of those around that run still.:D

[The_Dude]

C7 Z06 @ $20K ? Yeah, I could drive yeller.

For $20k, I could think about it. But for $60k definitely :nonod:

[snide]

Those will likely be highly collectible 20-30 years from now...well except for the automatic trannies. :lol:

I would consider buying a ZHZ...

[snide]

I'm guessing Uber and Lyft have taken a bite out of the rental market.

I doubt that. Most car rentals happen at the airport. With nobody flying anywhere, no one is renting cars.

[BOTY]

I had a Shelby CSX-T that was from Thrifty, it was a good car considering Dodge. :D

[Olustee bus]

HERTZ going BK??? bullshit......gotta be kidding me....

I know that there are many '18 NEW cars on the lots for sale...

but for Hertz to be BK?? jeez......:sadangel:


Heavy debt and no reserves will do it every time.

[Dan Dlabay]

The first thing I would do if I bought one of those is get it repainted red, black blue or cyber gray and put a set of chrome wheels on it.:cert:

[mrvette]

The first thing I would do if I bought one of those is get it repainted red, black blue or cyber gray and put a set of chrome wheels on it.:cert:

I would paint it same as my '72, leaving the stock black accents alone.....

[JetMechZ16]

i was at Enterprise rental yesterday getting a truck while mine's being repaired. They were very busy.

[snide]

i was at Enterprise rental yesterday getting a truck while mine's being repaired. They were very busy.

Our "local" Enterprise store has had shit-tons more inventory in the past couple of months than they normally have. Dunno if they're open as I have no need to rent a car right now. And no, this is not an airport location.

[JetMechZ16]

Our "local" Enterprise store has had shit-tons more inventory in the past couple of months than they normally have. Dunno if they're open as I have no need to rent a car right now. And no, this is not an airport location.

The one I used here is not an airport location either. The truck they gave me is licensed in NY. I'll probably get pulled over cause they profile on I75.

[snide]

The one I used here is not an airport location either. The truck they gave me is licensed in NY. I'll probably get pulled over cause they profile on I75.

Take some lube with you, as the Super Troopers won't provide any. :D

:cheers:

[JetMechZ16]

Take some lube with you, as the Super Troopers won't provide any. :D

:cheers:

I've lost all my protection by driving this rental. No retired .Mil plates, they are always good for a warning vice ticket. NY tags in TN will draw the TSP like flies to honey. :leaving:

[Mike Mercury]

Super Troopers...


Super Troopers - Burger for a Cop - YouTube