Saturday, May 23, 2020

ANOTHER COVID CORPORATE CASUALTY

by Bob Walsh

Hertz car rental has just filed for Chapter 11. I suspect it has something to do with airline travel being down 95%. I guess you have to pay for cars, even if nobody is renting them.

3 comments:

Trey Rusk said...

Hertz just put more several identical Z06 Corvettes on the market at steep discounts. These cars are anniversary editions and are selling for $60,000. The average dealer price is $90,000. They are a special edition and will maintain a 195 mph. I rent from Hertz and we make Southwest Airline Points for flights and because when you reserve a vehicle, it will be there. Cheaper car rentals will not guarantee the exact vehicle. Last year we went to Yellowstone and I reserved a Dodge RAM 2500 4 W/D truck at the Denver Airport. Glad I did because before that trip was over we used the 4 W/D a couple of times on some muddy backroads looking at wild horses. I put 2100 miles on it with unlimited mileage. It wasn't cheap but between the truck and hotels we earned enough points for a one way ticket anywhere Southwest flies.

bob walsh said...

I can't get used to the idea that something that sells for $90,000 doesn't have a basement.

Trey Rusk said...

Bob, My wife drives a Caddy that sold for more than I paid for my 4 BR home in 1990. It almost drives itself.