Lyft has partnered with General Motors to make rental options available for their drivers. The cars can be rented for up to 8 weeks at a time. The rental option is helpful if your car is too old to meet Lyft requirements, in general rotten shape, only has 2 doors or you don’t own a car of your own. The program is called Express Drive.
The rental rates work this way: your rate is based on the number of trips you make in a week and it will naturally (like everything else) vary by city and market. For Chicago, it could work out this way:
$99/week + $0.20/mile if under 40 rides
$99/week flat if 40 rides or above.
$0 if 65 rides or above
Bottom line: the more trips you make, the less you pay. Express Drive also covers things like insurance and car maintenance which, if you think about it, is a pretty sweet deal.
Now, if you choose Express Drive, don’t expect to drive off the lot with a Cadillac. What you get is a Chevy Equinox. While not Caddy caliber, they aren’t all together bad vehicles. Gas mileages runs about 32 highway and 22 city. When you’re in driver mode (logged into Lyft) the insurance falls under them. When you’re not in driver mode, the insurance falls under GM. Maintenance is covered by only GM and drivers will be required to return their rentals every 8 weeks for routine maintenance and cleaning.
There is a catch. You knew it was coming, right? You’ll be charge .20 cents a mile for every mile not driven in Driver Mode. This will pretty much rule out using a Lyft rental to drive for Uber. Unless of course you want to pay that .20 cents per mile but we’re thinking you probably won’t.
Now, you can get past the .20 cents per mile with Lyft by using the Destination Filter. This can only be used 3 times a day though so keep an eye on that. Destination Filter will come in handy for your commute to and from work as you won’t be charged for personal mileage.
A couple of things to keep in mind if you use the Express Drive program: You will not qualify for hourly guarantees or the Power Drive Bonus.
Overall, the Express Drive program is a good one. If you’re a full-time driver and you drive in a competitive area, it’s for sure a good way to go. It will definitely benefit your personal vehicle as you’ll avoid putting extra miles on your own car. The program will likely change over time as far as rates and rules, go but definitely check it out.