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Why would a car rental company buy Zipcar?

Why would a car rental company buy Zipcar?

“By combining with Zipcar, we will significantly increase our growth potential, both in the United States and internationally, and will position our company to better serve a greater variety of consumer and commercial transportation needs,” said Avis CEO Ronald L. Nelson in the announcement.

Is there anything else like Zipcar?

The best alternative is Kyte | Rental Cars Delivered To Your Door, which is free. Other great apps like ZipCar are City CarShare (Paid), Car2Go (Paid), Spaceship (Free) and Getaround (Free).

Who is the owner of Zipcar?

Avis Budget Group
Zipcar/Parent organizations

How much did Avis buy Zipcar for?

(NASDAQ: CAR) and Zipcar, Inc. (NASDAQ: ZIP), the world’s leading car sharing network, today announced that Avis Budget Group has agreed to acquire Zipcar for $12.25 per share in cash, a 49\% premium over the closing price on December 31, 2012, representing a total transaction value of approximately $500 million.

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What has Avis done with Zipcar?

Share All sharing options for: Avis buys Zipcar for $500 million in an effort to control car-sharing market. Car-sharing firm Zipcar, which operates a by-the-hour rental service in the US, Canada, UK, and Spain, has agreed to be purchased by Avis for $500 million.

How old do you have to be to get a Zipcar?

Applicants must be 21 years or older to be eligible for membership; 18 years or older if applying with a college or university partnered with Zipcar.

Why choose Zipcar over a car?

Wheels when you want them, by the hour or day, and only pay for the time you reserve. Zipcar covers gas, insurance options,* parking, and maintenance for a potential savings of $600/month over car ownership. Zipcars live in your local neighborhood, and in cities, campuses and airports across the globe.

How do I get roadside assistance from Zipcar?

Your Zipcar membership includes insurance options* (learn more about insurance coverage here) and roadside assistance 24 hours a day, 365 days a year. If you need help while on the road, call 1-866-4ZIPCAR and we will take it from there. Where is the gas card located?

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Can I apply for Zipcar with an expired driver’s license?

As COVID-19 evolves, some Departments of Motor Vehicles have temporarily relaxed their license expiration guidelines to prevent people from coming into physical locations. Accordingly, applicants with recent or soon-to-be expired drivers’ licenses can apply to Zipcar during their states’ extension time period.