Hertz is selling almost 200,000 cars in bankruptcy, and it doesn't take much money to land in an almost-new car.
The rental giant Hertz will be selling some 182,500 vehicles during its bankruptcy process as it seeks to repay $650 million to its creditors, and it has until the end of the year to do so. The used-car market had already been hammered by the unprecedented pandemic before rental-car chains started feeling the effects of the shutdown of air travel, and they have begun paring down their fleets to respond to the emergency. The airline industry is not expected to see a rebound for months, if not years, and coupled with people turning to road trips instead of flying, car ownership could see a substantial boost as commuters shun public transportation as well. And car ownership will be almost entirely new for some city dwellers who have gotten by without a car.
Despite the average prices of new cars having increased for the past decade, it doesn't take much to get into a slightly used car these days, even from the past couple of model years. Hertz's massive sale will see many low-mileage cars find new owners, and even a budget of $15,000 opens up some solid choices.
Here are a dozen cars that you can buy from Hertz for $15,000, or even just above the $10,000 mark.