Lyft is looking to get into the car rental business. The ride-hailing company is testing the service in three California cities: San Francisco, Los Angeles and Oakland.
The service works a bit differently than other car rental companies. Rather than pick up from a physical location, Lyft gives renters a $40 credit to get to the pick-up location. Prices are competitive with those offered by traditional car rental companies. Renters must be at least 22 years old. Lyft, unlike most other rental car companies, does not charge a premium for drivers under age 25.
Lyft also offers car rentals as an option through a program called Express Drive, a partnership with Avis, FlexDrive and Hertz.
The rental car service combines two of Lyft’s business goals: eliminating the need for private car ownership and offering a wider range of transportation options, from cars to scooters.
Available vehicles are Volkswagen Passat, Volkswagen Atlas, Mazda 3 and the Mazda CX-5.
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