Lyft Has a New $300 Monthly Subscription Plan — Here's How It Works (Video)
Lyft is one step closer to making car ownership a thing of the past.
On Tuesday, the ride-hailing app launched a new monthly subscription plan for anyone who hates the pains and inconveniences of driving, parking, and public transportation.
With the new All-Access Plan, Lyft riders pay $299 for 30 rides every month. The value of the rides must cost no more than $15 each, otherwise you’ll have to pay the difference. If you need (or want) to take extra rides, you will get 5% off each additional one.
While this price may sound steep, subscribers will be paying $299 for $450 worth of rides — so if you frequently spend about $15 for each Lyft you take, you would be saving about $150 a month with the new plan. At the very least, you would break even if your rides tend to cost about $10.
Lyft added that car owners who opt to use their new service “can save up to 59% per month compared to owning a car," citing a study by the American Automobile Association (AAA).
The plan also works for any type of ride you take, including shared rides. The Points Guy notes, however, that Lyft scooters and bike-share systems are currently not available to book using the plan, but that Lyft hopes to change that in the future.
Over the last year, Lyft had been experimenting with different versions of monthly subscription plans before finally landing on the new model. "You'll subscribe to a Lyft plan like you would subscribe to Netflix or a Spotify Premium plan," co-founder and president John told Wired.
The news comes in light of the ride share app’s recent Ditch Your Car program, where passengers forego their cars for 30 days in exchange for $550 in transportation credits for Lyft Shared, Zipcar, local transit, and bike share rides.
“We are on the brink of a massive shift in personal transportation, moving away from ownership and into transportation as a service. Ditch Your Car is an extension of the mission we’ve been committed to for over a decade,” Zimmer said in a blog.
The All-Access Plan is available to all U.S.-based passengers.