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A deposit-refund system (DRS), also known as deposit-return system, advance deposit fee or deposit-return scheme, is a surcharge on a product when purchased and a rebate when it is returned. A well-known example is when container deposit legislation mandates that a refund is given when reusable packaging is returned.
Hertz Global Holdings, Inc. (formerly The Hertz Corporation), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car , Firefly Car Rental and Thrifty Car Rental .
Herc Rentals is an equipment rental company, owned by Herc Holdings. It was formerly a subsidiary of The Hertz Corporation before being spun-off as a separate company in 2016.
Florida claimed that Hertz didn't clearly tell consumers that, once they used the service, they would be billed $2.50 a day for the rest of the rental period, regardless if Plate Pass was used again.
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Hertz said its vehicles had monthly depreciation costs of $592 per car, considered high in the industry. Valued at $1.43 billion, Hertz has nearly halved its market capitalization from six months ago.
Hertz Dealer Direct – A B2B platform developed by Hertz that allows for sales and services directly to automobile dealerships through an online portal and hertz representatives. Hertz Rent2Buy Program – An online platform that allows consumers to reserve active rental vehicles for a test drive for up to 3 days at a low rental rate.
Hertz also expects to book an about $245 million charge related to depreciation expenses from the proposed EV sale in the fourth quarter of 2023. Rental giant Hertz dumps EVs, including Teslas ...