SOURCE: The Hertz Corporation

The Hertz Corporation

December 21, 2010 13:07 ET

Hertz Rent2Buy Partners With Allied Business Network to Provide Customers With Extra Savings

Business Association Members Earn Discounted Prices on Rent2Buy Cars

PARK RIDGE, NJ--(Marketwire - December 21, 2010) -   Hertz Rent2Buy, The Hertz Corporation's (NYSE: HTZ) online used car sales program, announced today a new partnership with the Allied Business Network (ABN) providing ABN members, which include business, entrepreneurs, and small business owners, a discount on their vehicle purchased through Hertz Rent2Buy.

"We are enthusiastic about extending benefits through Hertz Rent2Buy to our longtime partner, Allied Business Network," commented Mark P. Frissora, Hertz Chairman and Chief Executive Officer. "This partnership is just a natural extension of our pre-existing relationship with ABN, providing them with savings through Hertz rental cars, and now through Hertz Rent2Buy purchases." 

ABN is a collection of more than 37,000 businesses, entrepreneurs, small business owners and individuals located throughout the United States, Canada, and Europe. ABN has been providing discounts to businesses through group buying for over 14 years. ABN negotiates prices with national suppliers to get its members the best discounts available including significant savings on Hertz car rentals, Hertz #1 Club Gold memberships, and now on Hertz Rent2Buy vehicles. With this partnership, ABN members who purchase a car through Hertz Rent2Buy will receive $100 off the purchase price of the vehicle.

Hertz Rent2Buy is an online used cars for sale program that allows customers to reserve a rental car they may want to buy for a three-day test drive. Used car shoppers visit www.hertzrent2buy.com and select the car of their choice at a convenient 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, other than any fee for optional products purchased, is waived. For customers who choose to purchase the car, competitive finance options are available to simplify the payment process at incredibly competitive used car prices.

If the customer decides not to purchase the car, the vehicle is returned to the rental location and the transaction is treated as a standard rental.

"We are very excited to introduce Hertz's Rent2Buy program to our members. We have a tremendously successful history with Hertz, and we feel that our members will find just as much value in our new Rent2Buy program as they do in our car rental program," ABN President Jack Bergman said.

About Allied Business Network 
Allied Business Network is a business discount group comprised of small to medium sized businesses and entrepreneurs from throughout the United States, Canada, and Europe. ABN negotiates corporate level discounts with business supply and service providers for its members based on the combined purchasing power of its membership. ABN has been doing business since 1996 and has a membership of more than 37,000. Membership in Allied Business Network is free and is available online or by calling an ABN member representative at 1-866-226-7283.

For further information on Allied Business Network, please visit the company website at www.abnsave.com.

About The Hertz Corporation
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., is the world's largest general use car rental brand operating from approximately 8,300 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 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®, NeverLost® 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 325 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.