The car-sharing aspect of the business didn’t change after the purchase. Since then, the Avis Budget Group has allowed Zipcar to operate as a subsidiary. In 2013, one of the most popular rental car companies, Avis Budget Group, purchased the company for $500 million. The ability to do so is noticeably different from traditional rental car agencies, which require customers to book for at least 24 hours. Zipcar members can reserve cars for a predetermined period. Zipcar is a car-sharing service that has existed for nearly two decades. In these cities, where residential parking lots are sparse, Zipcar members have a viable alternative to car ownership.īelow, you’ll find everything you need to know about Zipcar so that you can determine if it’s a useful alternative to a traditional rental car agency. Zipcar has grown tremendously over the past few years and has primarily focused on doing so in large metropolitan cities like New York and San Francisco. Those with a reservation can pick up a car, use it for however long they need, and return it to a centralized location. Zipcar memberships also exist on a monthly and annual basis. Those looking to use Zipcar can reserve automobiles and be billed by the minute, hour, or day. One company sought to change that Zipcar was born in 2000 and has grown across the country ever since. Not only did you likely find that rates were sky-high, but you may have also run into other problems, such as stiff penalties for things such as one-way rentals. If you’ve ever had to rent a car, there’s a strong chance that you grew disenchanted with the process very quickly.
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