Hertz Rent2Buy, the Hertz Corp.'s online car sales program, and Chase now provide Hertz Rent2Buy customers the option of financing their vehicle purchase through Chase Auto Finance.
"We are pleased to have Chase as our top lender in the Hertz Rent2Buy program," said Mark P. Frissora, Hertz chairman and chief executive officer. "Allowing customers the flexibility to finance their purchase is an added bonus to buying a car through Rent2Buy. Not only can customers buy a vehicle from our well-appointed fleet at a low price, they are also able to use our competitive financing options, making it easier than ever to purchase a car."
Hertz Rent2Buy is an online car sales program that 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.
A customer who chooses to purchase the vehicle simply keeps the car and pays the listed price without any haggling and the rental fee is waived. For customers who choose to purchase the car, competitive finance options are available to simplify the payment process.
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.
Chase offers Hertz a full range of financing options to meet the various needs of Rent2Buy customers who wish to purchase the vehicles. Chase was the No. 1 auto lender in the United States in new loan production in 2009, lending $23.7 billion to finance 1.1 million new- and used-vehicles for consumers.
"Chase will help consumers finance their Hertz Rent2Buy purchase," said Marc Sheinbaum, chief executive officer for auto finance at Chase. "We're pleased to support Hertz as it grows the Rent2Buy business."