The Lyft Company Announced a New Service Called Lyft Rentals

The Lyft Company Announced a New Service Called Lyft Rentals

Lyft (LYFT) has spent years battling Uber within the trip-hailing market. Now, it is taking over Hertz and Avis, too.

The corporate announced a new service referred to as Lyft Rentals on Thursday, which allows customers to rent cars for as much as two weeks. A sedan in San Francisco was out there for $35 per day on Thursday; however, costs vary considerably, relying on the day and time of reserving and will go as much as $149 per day on the weekend.

Lyft Rentals will initially be accessible solely in Los Angeles and the San Francisco Bay Area, the place the corporate has been testing them for just a few months.

It says it will not hit prospects with mileage-primarily based prices and further refueling prices that different car rental firms add on, boasting of “no lines, hidden fees or last-minute car model changes” in a blog published Thursday.

Lyft may even give riders credits of as much as $20 each means for rides to and from its rental lots — two in Los Angeles and one each in San Francisco and Oakland. Users can rent a Mazda 3 sedan or a Mazda CX-5 SUV in Los Angeles and may select between a Volkswagen Passat or a Volkswagen Atlas SUV within the Bay Area.

In its launch, Lyft marketed the service as helpful for issues like moving and errands.

Nevertheless, it’s at the moment providing solely everyday charges, so somebody utilizing the car for just a few hours will nonetheless have to pay for a full day.

Lyft declined to comment on what number of cars it at the moment has available. The corporate can also be providing varied insurance plans that cover the car, the driver, and third events, respectively.