PARK RIDGE, NJ, Mar 10, 2010 (MARKETWIRE via COMTEX) -- A smarter, hassle-free used car buying program with low, no-haggle pricing is no longer wishful thinking; it is the experience the savvy used-car shopper can expect from Hertz's Rent2Buy program. Rent2Buy provides consumers with a wide range of reliable, used rental vehicle options and a three day rental test drive prior to a decision to buy.
Hertz Rent2Buy is an online car sales program which allows customers to reserve a rental car they might want to buy for a three-day test drive. Used car shoppers visit www.hertzrent2buy.com and select the car of their choice at the nearest Hertz location. Customers have full use of the vehicle for up to three days and if he/she chooses to purchase the vehicle, they simply keep the car and pay the listed price without any haggling and the rental fee is waived. If the customer decides not to purchase the car, the vehicle is returned to the renting location and the transaction is treated as a standard rental with a $49 per day rental fee, or a $99 per day fee for higher end vehicles such as Corvettes, Mercedes E Class, etc.
"With the economy beginning to recover, consumers have been relatively cautious about major purchases like automobiles. Since we've started Hertz Rent2Buy, we've sold hundreds of cars online at prices oftentimes below the Kelly Blue Book retail value," said John Thomas, Executive Vice President of Global Supply Chain Management. "What better way to buy a used car than to test-drive it and really 'kick the tires' for three days. Customers are able to drive with family and friends to determine if the vehicle suits their needs and lifestyle."
Hertz Rent2Buy provides customers with significant savings on quality cars that are maintained by Hertz professionals. A wide selection of cars are offered including Audi, BMW, Chevrolet, Ford, Honda, Hyundai, Jeep, Kia, Mazda, Mercedes, Nissan, Volkswagen, etc. Purchases made through the Rent2Buy program include a comprehensive limited warranty for at least 60 days or 2,000 miles that comes at no extra charge. Competitive financing options and additional vehicle protection plans are also available.
Hertz Rent2Buy is currently available in 18 states: Alabama, Alaska, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Illinois, Kentucky, Louisiana, Massachusetts, Michigan, New Jersey, New York, Tennessee, Texas and Utah and will be quickly expanding to 37 additional states by the end of the year.
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc. (NYSE: HTZ), is the world's largest general use car rental brand operating from approximately 8,100 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 78 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold(R), NeverLost(R) customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the Company's Prestige, Fun and Green Collections, set Hertz apart from the competition. The Company also operates the global car sharing club, Connect by Hertz, in New York City, Berlin, London, Madrid and Paris. And, the Company sells used, quality cars directly to consumers through www.hertzrent2buy.com. Additionally, Hertz operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 330 branches in the United States, Canada, China, France and Spain.
To make car rental reservations or for more information, customers can call their travel agent, or call Hertz toll-free at 1-800-654-3131. Information and reservations are also available on the web at www.hertz.com. For information on Hertz Equipment Rental, visit the company on the web at www.hertzequip.com.
SOURCE: The Hertz Corporation