Hertz files for bankruptcy

definitely not.

Special-purpose financial entities purchase cars on Hertz’s behalf, and investors in the asset-backed securities make a return via the lease payments that Hertz is obliged to stump up. Put another way, Hertz leases cars long term from the financing subsidiary — typically for about 18 months in the U.S. — and then rents them out to customers for shorter periods.

this is just for cars…who know if they used rental cash flow to get funding & all else… basically they are completely reliant on cash flow to keep things going as they are highly leveraged & assets do not really have enough to satisfy debts.