Is there an Arbitrage Opportunity by Combining ZipCar and Lyft?

ZipCars rent for less than $10/ hour after tax. The Lyft FB ad says drivers make up to $23. That’s a max spread of $13. You probably can’t work 8 hours a day so it would have to be part-time “employment.” There is also the opportunity cost of forgoing the salary of a “real” job, but the search and transaction costs may be significantly lower using this arbitrage scheme, at least in the short term. Plus, the schedule is pretty flexible. Opportunity cost diminishes as one’s potential productivity declines, so for some relatively low-skilled workers with clean driving records this may be a viable part-time job. It may require a small bribe to get Lyft to approve of ZipCar use, however.

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One thought on “Is there an Arbitrage Opportunity by Combining ZipCar and Lyft?

  1. Found this through Google as I had the same idea this afternoon. Awesome 🙂 Not that I actually plan on doing this, I’m just glad someone else had the same silly idea.

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