The same story line kept coming up in the early days of ride-hail driving apps: I leased a car to drive for Uber or Lyft, and it ended up costing me too much.
That repeated problem and a bad business model led to the end of Uber's Xchange Leasing program in 2017. But now a new crop of services and programs are emerging. On Monday, Lyft announced a new deal with Avis: Drivers can rent a car via the Lyft app from the rental car company's fleet of 600,000 vehicles as part of its Express Drive program.
Lyft said that since the program launched in 2016, drivers who rent have earned $450 million. No mention on how much they spent to rent a car each week. Read more...More about Uber, Lyft, Ride Hailing Apps, Car Rental, and Ride Share