General Motors and the ride share company Lyft launched the short-term rental program recently.
GM and Lyft just launched a short-term rental program called ‘Express Drive’. The program is exclusive to the ride-sharing company Lyft platform.
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According to both GM and Lyft, the program will make cars available to Lyft drivers at affordable rates. The rates will include insurance and maintenance of the cars.
The announcement has been made a mere two months after GM entered into a strategic alliance with Lyft. At the time of the alliance the aim was to develop an integrated on-demand network of autonomous vehicles.
It seems until autonomous vehicles become the norm, the companies are focusing on simply making a network. The program ‘Express Drive’ will start being functional from Chicago later in March. The program will soon roll out to additional cities such as Boston, Washington D.C., and Baltimore etc.
The program has a unique approach to car rental services. According to Express Drive ‘the more you drive, the less you pay’. Meaning Express Drive will start at $99 USD per week.
The amount includes insurance and maintenance making the program a very flexible and affordable option. Those drivers able to finish 65 rides a week will not have to pay weekly rental cost.
Similarly Express Drive will also have terms for drivers so they can rent cars on a weekly basis even up to eight weeks.
Express Drive will provide access to the Chevrolet Equinox crossovers in Chicago. According to Lyft they are providing everyone an opportunity to be a Lyft driver at incredible rates.
GM also stated they are pleased with the speed their team collaborated with Lyft on the program.
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GM and Lyft announced Express Drive, a short term rental program geared towards first time Lyft drivers. Express Drive powered by Maven features cars for $99 per week with insurance and maintenance covered. Express Drive will launch in Chicago with additional metropolitan markets going on-line by the end of 2016.