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Lyft Is Expanding Its Business With a New Rental Car Program

A recently announced program from Lyft and its new partner, General Motors, will expand the pool of drivers for the ride-sharing service. Dubbed Express Drive and launching in Chicago, the new program will allow the company’s drivers to rent vehicles, rather than use a personal car to give rides.

If you’re looking to earn extra cash, the benefits of Express Drive are obvious: It no longer requires you to own a car in order to drive for the popular ride-sharing service. Instead, you can rent one through Express Drive for $99 per week (plus 20 cents a mile) and start picking up passengers. You could also use Express Drive if you don’t want to put the miles on your own car, or if your vehicle doesn’t meet Lyft’s requirements.

Not surprisingly, Express Drive will launch with General Motors vehicles, following the automaker’s recent $500 million investment in Lyft. The program will begin with 125 Chevrolet Equinox SUVs, which will be parked in two hubs in the Chicago area.

Interestingly, Lyft is late to the rental car game compared to its biggest rival, Uber, which already offers a car rental service to its drivers in 10 U.S. cities. Uber’s daily rental rate prices are higher, though the firm doesn’t charge for mileage.

Speaking of mileage, Lyft says drivers will get a discount the more driving they do. The firm says drivers who give more than 40 rides a week won’t have to pay the mileage fee, while those who reach 65 rides a week are also exempt from the $99 weekly rental fee. In other words, drivers who reach 65 rides per week won’t have to pay a thing for their vehicle.

According to Lyft, the Express Drive program is set to launch later this month.

Doug Demuro
Doug Demuro
Doug DeMuro writes articles and makes videos, mainly about cars. Doug was born in Denver, Colorado, and received an economics degree from Emory University in Atlanta. After graduation, Doug spent three years working for Porsche Cars North America. Eventually, he quit his job to become a writer, largely because it meant that he no longer had to wear pants. Doug’s work has been featured in a... Read More about Doug Demuro

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