Lyft’s New All-Access Monthly Subscription Plan Costs $300 Per Month

Marco Green
October 17, 2018

Lyft's argument for the subscription is that its plan is cheaper than owning a auto (paying for gas, maintenance and insurance a month). Of course, Lyft does envision a future where vehicle ownership is optional.

That represents a monthly savings of $149 for frequent users compared to a la carte charges, but riders pay the difference for trips that cost more than $15. The company estimates that monthly subscribers will pay roughly 59 percent less than if they owned a vehicle. At least not on a comparably wide scale, as Uber ride passes are still in testing and available to only a limited number of users each month, while the Lyft All-Access Plan is coming to "everyone in the United States by the end of the week".

So how far will a $15 Lyft ride get you?

Lyft says the plan is valid for rides taken anywhere in the U.S. where the company operates, and that everyone should have access to the plan before the end of the week.

The question from here is what it would take in order to break even or save money. And if you max out its offerings (30 rides, $15 each), you'll save $150 as opposed to taking each ride like normal. Unused rides don't roll over. Lyft's latest economic impact report calculates that 42 percent of its Seattle customers use Lyft for commuting (the most-used function was 76 percent for restaurants and entertainment venues). For perspective, an Empower study published by Business Insider calculated that the average millennial rider in Seattle spends $53 per month on Lyft. You might save as much as 59 percent a month, it claimed.

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