Latest Automobile renting and leasing News

FILE - In this May 6, 2020, file photo, a Hertz car rental is closed during the coronavirus pandemic in Paramus, N.J. Hertz filed for bankruptcy protection Friday, May 22, 2020, unable to withstand the pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. (AP Photo/Ted Shaffrey, File)

Debt and coronavirus push Hertz into bankruptcy protection

May. 23, 2020 12:29 AM EDT

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. The Estero, Florida-based company's lenders were unwilling to grant it another extension on its auto lease debt...

Car rental company Hertz files for bankruptcy protection, pushed by debt and coronavirus pandemic

May. 22, 2020 10:34 PM EDT
ESTERO, Fla. (AP) — Car rental company Hertz files for bankruptcy protection, pushed by debt and coronavirus pandemic.
FILE - In this Sunday, April 26, 2020, photograph, a long row of unsold 2020 Renegades sits at a Chrysler/Jeep dealership in Englewood, Colo.  Edmunds analysts had anticipated more than a million leased vehicles coming back to car dealerships this quarter. But due to countless shelter-in-place orders due to coronavirus concerns, many people will face the question of how to safely handle their vehicle’s lease return or whether they can return their vehicle at all.(AP Photo/David Zalubowski)

Edmunds: How to manage your lease during the pandemic

May. 6, 2020 7:47 AM EDT

The coronavirus pandemic has significantly changed the way we live and conduct business in this country. Take, for instance, the act of terminating a vehicle lease. Edmunds analysts had anticipated more than a million leased vehicles coming back to car dealerships this quarter. But due to countless...