Word: zipcars
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Dates: during 2001-2001
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...hourly rather than daily rates that make short-term rentals practical. An annual membership fee of $75 gives clients the flexibility to drive away with a set of wheels from any one of the over 50 parking spots in the Boston area with a simple swipe of their Zipcar-card. Robin Chase, CEO of Zipcar and a native of the Boston area, saw the city and its popular public transportation system as the perfect target for this type of enterprise. She points to the “hassle factor” of car ownership saying that, “owning...
Unfortunately, only upperclassmen who are 21 and older can become full-fledged members of the Zipcar community. Although Zipcar is a company that relies heavily upon its young clientele (a huge percentage of Boston is between the ages of 25 and 35), many students will have to hold back despite their rental readiness...
...time may have come. For a couple of bucks an hour, on top of a monthly or yearly membership fee, you can hop into a clean, gassed-up car and drive it as long as you like--and never pay for insurance or a single oil change. Companies like ZipCar, which is based in Cambridge, Mass., and expanded last week into Washington, maintain fleets of cars parked in convenient locations around town. Customers can pick up a car, drop it off when they're finished, and pay only for the hours they drive. The only downside: no cherry-red Mustang...
After a successful start in the Boston area, ZipCar is poised to monopolize the Northeast corridor: it's starting up in D.C. and plans to begin enrolling members even in car-wary New York City by October...