Lyft launches a car rental service with no mileage limit

Lyft is getting into car rentals. The ride-hailing company announced Thursday that it’s launching a rental service available in its main smartphone app that will work pretty much just like traditional car rental companies, starting in the San Francisco Bay Area and Los Angeles, California. The company will also provide renters with two $20 ride credits to help cover the cost of taking a Lyft to and from the pickup and drop-off points.

Lyft is trying a couple things at launch beyond those ride credits to lure renters away from incumbents. For one thing, Lyft will allow people as young as 22 to rent, provided they have a valid driver’s license. There are no mileage limits, and Lyft says it will only charge the “local market rate” for gas,...

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