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    More: Sad, Parsippany, EBITDA, personal mobility, Pretax, synergies, cost reduction, metropolitan areas  
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4960 clicks; posted to Business » on 02 Jan 2013 at 10:08 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



42 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2013-01-02 09:28:15 AM  
Now there will be no more Zipcar.  Avis is buying the business to shut it completely down.  In addition, they will burn all of the cars.
 
2013-01-02 10:24:13 AM  

Rapmaster2000: Now there will be no more Zipcar.  Avis is buying the business to shut it completely down.  In addition, they will burn all of the cars.


Burn them? Couldn't they at least have a demolition derby with them?
 
2013-01-02 10:41:20 AM  
The founder is now a 1%'er. Everybody else is farked.
 
2013-01-02 10:47:16 AM  
I bet you a dollar that in a few years all the Zipcars will be used Avis cars.

I'd be ok with that, but since I don't use either Zipcar or Avis my opinion counts for shiat.
 
2013-01-02 10:56:39 AM  
Great, now someone can start a new version of Zipcar. Seeing as it won't exist anymore, why not?
 
2013-01-02 11:00:04 AM  
Maybe Avis bought it because it sees it as a good business to get into, not to shut it down in some sort of "Who Killed the Electric Car?" shadowy lizard people conspiracy.
 
2013-01-02 11:05:54 AM  
Am I the only one who sees Zipcar shutting down as a good thing?

Any time you see someone driving a car with the Zipcar logo on it, they're driving like a lunatic.
 
2013-01-02 11:06:47 AM  

Klivian: Am I the only one who sees Zipcar shutting down as a good thing?

Any time you see someone driving a car with the Zipcar logo on it, they're driving like a lunatic.


I hate "Zipcar only" parking spaces. fark that.
 
2013-01-02 11:46:53 AM  
Wait until they start slapping $76 in taxes and facilities fees in each zip car rental.
 
2013-01-02 11:52:28 AM  

YixilTesiphon: Maybe Avis bought it because it sees it as a good business to get into, not to shut it down in some sort of "Who Killed the Electric Car?" shadowy lizard people conspiracy.


It actually makes sense for the big rental companies to get into the car sharing business. It seems like it'll be an easy market to grow, especially as things like self driving cars come to market.
 
2013-01-02 12:00:57 PM  
Yeah, seems like this is just an "extension" of car rentals... it is like "fast food" car rentals.
 
2013-01-02 12:12:00 PM  
But will the cars keep their names like Polly Prius or Minnie mini?
 
2013-01-02 12:52:03 PM  
Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service
 
2013-01-02 12:57:01 PM  
I liked them...the service was a great component of the transportation system for urban areas that does not have extensive mass transit (e.g. subways). I used them a lot when I lived in the Seattle area...I could commute to work by bus and ferry, but when my job required me to go to an offsite meeting, I could just hop in a Zipcar. I didn't have to worry about commuting in with my own car, find parking, etc.

If a city is serious about promoting mass transit use, they need to get an hourly rental service like this in place; otherwise there will always be an excuse to drive into work.
 
2013-01-02 01:01:34 PM  

Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service


Because if you live in an urban area with good mass transit you don't need a car 95% of the time. But could use a car for an hour or so a week for occasional errands.

If you're renting a zip car for more than 2 hours you're doing it wrong.
 
2013-01-02 01:03:16 PM  
www.huffingtonpost.com

Car Rental Agent (Edie McClurg): Welcome to Marathon, may I help you?
Neal Page: Yes.
Car Rental Agent: How may I help you?
Neal: You can start by wiping that farking dumbass smile off your rosy farking cheeks. Then you can give me a farking automobile. A farking Datsun, a farking Toyota, a farking Mustang, a farking Buick. Four farking wheels and a seat!
Car Rental Agent: I really don't care for the way you're speaking to me.
Neal: And I REALLY don't care for the way your company left me in the middle of farking nowhere with farking keys to a farking car that isn't farking there. And I really didn't care to farking walk down a farking highway and across a farking...runway to get back here to have you smile at my farking face. I want a farking car right...farking...now!
Car Rental Agent: May I see your rental agreement?
Neal: (through gritted teeth) I threw it away.
Car Rental Agent: Oh boy.
Neal Page: Oh boy what?
Car Rental Agent: You're farked.
 
2013-01-02 01:20:35 PM  

Contrabulous Flabtraption: [www.huffingtonpost.com image 320x267]

Car Rental Agent (Edie McClurg): Welcome to Marathon, may I help you?
Neal Page: Yes.
Car Rental Agent: How may I help you?
Neal: You can start by wiping that farking dumbass smile off your rosy farking cheeks. Then you can give me a farking automobile. A farking Datsun, a farking Toyota, a farking Mustang, a farking Buick. Four farking wheels and a seat!
Car Rental Agent: I really don't care for the way you're speaking to me.
Neal: And I REALLY don't care for the way your company left me in the middle of farking nowhere with farking keys to a farking car that isn't farking there. And I really didn't care to farking walk down a farking highway and across a farking...runway to get back here to have you smile at my farking face. I want a farking car right...farking...now!
Car Rental Agent: May I see your rental agreement?
Neal: (through gritted teeth) I threw it away.
Car Rental Agent: Oh boy.
Neal Page: Oh boy what?
Car Rental Agent: You're farked.


Absolutely love this movie and this scene in particular.

/mirror image of me when Im having "one of those days".
 
2013-01-02 01:31:00 PM  

Tax Boy: Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service

Because if you live in an urban area with good mass transit you don't need a car 95% of the time. But could use a car for an hour or so a week for occasional errands.

If you're renting a zip car for more than 2 hours you're doing it wrong.


BEcause of ther Zip Car only parking spaces I can understand why it might be more economical in NY or Chicago because you don;t have to pay to park it , just drive it and leave it, but that's about it.  Though  I lived car free pretty easily in Chicago for two years, MTA worked for almost everything, and generally a taxi wasn't as much as 2hrs of zip car would be.
 
2013-01-02 01:41:28 PM  

Litterbox: Absolutely love this movie and this scene in particular.

/mirror image of me when Im having "one of those days".


worst part, is that these days, you would get arrested ..... shudder
 
2013-01-02 01:51:28 PM  

Magorn: Tax Boy: Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service

Because if you live in an urban area with good mass transit you don't need a car 95% of the time. But could use a car for an hour or so a week for occasional errands.

If you're renting a zip car for more than 2 hours you're doing it wrong.

BEcause of ther Zip Car only parking spaces I can understand why it might be more economical in NY or Chicago because you don;t have to pay to park it , just drive it and leave it, but that's about it.  Though  I lived car free pretty easily in Chicago for two years, MTA worked for almost everything, and generally a taxi wasn't as much as 2hrs of zip car would be.


Also, don't you not need your own insurance with a Zip (as opposed to a rental)? - also, gas used to be included in Zip prices, not sure if still true
 
2013-01-02 02:00:10 PM  

Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service


You don't need a credit card
You don't pay for fuel or fluids
The insurance is much cheaper than rental
You can open any car with a mag card you keep and swipe
You can book the car online after veiwing its booking schedule
You don't have to wait in line, sign a load of docs every time, or tie up hundreds in a deposit

What should have happened is Zipcar buys Avis, and modernises it. Not possible, though.
 
2013-01-02 02:30:32 PM  

Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service


Because with Zipcar, there are self-server pick-up drop-off spots all over town so that you don't have to go to the airport or pay for a ride to get your car.

Yeah Enterprise will pick you up, but then you have to give money to Enterprise.
 
2013-01-02 02:42:56 PM  

Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service


You can rent a car for $20 a day? WHERE?

Cause you can't do that in my city.  $50, at best.  If I was still living downtown I'd throw down money for Zipcar.   But since I'd have to pick it up and drop it off somewhere downtown, meh.

It works for people who live in a downtown area and need a car infrequently, like for a trip to Ikea or for a once a month shopping day to get it all out of the way at once.  And instead of dealing with the rental company you just go to the spot, drive wherever you gotta drive, and drive it back.  Easy.
 
ZAZ [TotalFark]
2013-01-02 02:55:16 PM  
What should have happened is Zipcar buys Avis

Boston Globe this afternoon: "Too bad Zipcar isn't taking over Avis".
 
2013-01-02 03:24:37 PM  

YixilTesiphon: Maybe Avis bought it because it sees it as a good business to get into, not to shut it down in some sort of "Who Killed the Electric Car?" shadowy lizard people conspiracy.


+1, would laugh again.

Hertz has a rival service called Hertz on Demand, launched 1 1/2 years ago
Enterprise bought Mint back in May

an independent Zipcar was unlikely to continue. this year it finally broke even, but wasn't generating enough cash to fund its expansion (that's been funded by debt).

for Zipcar users, the sale was a good thing.
 
2013-01-02 03:43:49 PM  
Soon, Zipcar members will be able to pick up a vehicle from any number of major metropolitan airport locations where they will be presented with the opportunity to upgrade to a larger vehicle because the one they reserved is not available (for a small additional charge), purchase insurance at rates that make SR-22 look like a good deal, and have the opportunity to network with other Zipcar members and non-members while they wait to sign just a couple of forms.

Beats the hell out of finding one in your own neighborhood, opening it up, driving off and bringing it back to the same spot in a couple of hours, don't you think?
 
2013-01-02 04:04:12 PM  

Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service


I live in the burbs, but have friends that live in Cambridge (our fair city). They don't own a car, but they get a zipcar when they want to get out of town for a few days to NH or just come out and visit us. A lot more convenient than going to a rental company - if there even is one near them.
 
2013-01-02 06:30:19 PM  

Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service


Try renting a car from a traditional car rental place for 2.5 hours. Also, do traditional rental places park cars a block or two from your apartment?
 
2013-01-02 06:41:54 PM  

Magorn: BEcause of ther Zip Car only parking spaces I can understand why it might be more economical in NY or Chicago because you don;t have to pay to park it , just drive it and leave it, but that's about it.  Though  I lived car free pretty easily in Chicago for two years, MTA worked for almost everything, and generally a taxi wasn't as much as 2hrs of zip car would be.


I don't think those parking spots are for arbitrary zipcar parking, but are instead where various cars live. For example, you sign up for a specific Mazda3, it has that exact spot. When you drop it off, you drop it off at that spot.

For my company, Zip cars are a life saver. We have clients all over the tri-state area, and if there is an emergency we can just get a zip car and drive out. Much cheaper than spending $800 month on parking and tolls to have my car available.
 
2013-01-02 07:53:05 PM  
I have 11 ZipCar locations within three blocks of my apartment. Each has four cars or more. I walk 6 blocks to work and take taxis and buses for most else...but there are still times when you need a car. Parking in SF is a nightmare. Having ZipCar is like owning a brand-new, reliable car that never needs gas or insurance parked safely right around the corner for about $500/year. It's amazing.

Yeah, I'll rent from a local family-owned rental spot if I need one for a day, or overnight. But the $40/day rental is less of a good deal when you consider $20 in gas goes in there, and that I have to pay for parking for all the times I don't need it, instead of stashing it in its garage spot a half block from my home. And that if I'm in a crash I have to hope the rental place's liability and my credit card combine to cover me.

And ZipCar's service has been phenomenal. I'm not the type to need a lot of help, but the times I've called them with issues or problems they've been flawless.
 
2013-01-02 08:16:45 PM  
I can see this model increasing. As more people start using the system, the number of available cars will increase as needed. At what point will you have people who have never owned a car, but drive all the time as needed.

I would do this, esp since I work from home, this would be perfect.
Except, that I have a high end convertible and will never give it up.
 
2013-01-02 08:48:50 PM  

StreetlightInTheGhetto: Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service

You can rent a car for $20 a day? WHERE?

Cause you can't do that in my city.  $50, at best.  If I was still living downtown I'd throw down money for Zipcar.   But since I'd have to pick it up and drop it off somewhere downtown, meh.
.


I was going to ask the same. The last time I rented a car (with my own money) was a few years ago and I asked for the cheapest thing they had and it was still about $30. When they gave me the Chevy Aveo and saw the look on my face they said "Well you did ask for the cheapest".

They don't have Zipcars here so I have to wonder why they haven't been hacked. It seems like it would be simple enough to. Magnetic strip technology - easy. And just judging from the "How to Zip" video on their website I don't think it verifies your number through a centralized database.
 
2013-01-02 08:52:33 PM  
Avis has a bunch of business travelers who come into town on Monday and fly home on Friday. Zipcar has a bunch of residents who use public transportation Monday to Friday and take the car out of town for the weekend. Avis + Zipcar buys fewer cars than Avis and Zipcar separately and Zipcar gets a basically unlimited fleet for the weekends. It's a no-brainer.
 
2013-01-02 09:19:04 PM  

Happy Hours: They don't have Zipcars here so I have to wonder why they haven't been hacked


Because if you are good enough to hack a zipcar, there are probably more profitable targets for you to hit.
 
2013-01-02 09:52:51 PM  

Happy Hours: StreetlightInTheGhetto: Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service

You can rent a car for $20 a day? WHERE?

Cause you can't do that in my city.  $50, at best.  If I was still living downtown I'd throw down money for Zipcar.   But since I'd have to pick it up and drop it off somewhere downtown, meh.
.

I was going to ask the same. The last time I rented a car (with my own money) was a few years ago and I asked for the cheapest thing they had and it was still about $30. When they gave me the Chevy Aveo and saw the look on my face they said "Well you did ask for the cheapest".

They don't have Zipcars here so I have to wonder why they haven't been hacked. It seems like it would be simple enough to. Magnetic strip technology - easy. And just judging from the "How to Zip" video on their website I don't think it verifies your number through a centralized database.


it's using RFID cards, not magnetic stripe. And everything does go through a central database (via cellular most likely).
 
2013-01-02 10:11:30 PM  
Avis Budget expects to generate $50 to $70 million in annual synergies as a result of the transaction.

In other words, the 50-70 million that ZipCar was potentially pulling away from Avis will be restored when they shut it down. That's the definition of 'synergy'
 
2013-01-02 10:22:37 PM  

scandalrag: Avis has a bunch of business travelers who come into town on Monday and fly home on Friday. Zipcar has a bunch of residents who use public transportation Monday to Friday and take the car out of town for the weekend. Avis + Zipcar buys fewer cars than Avis and Zipcar separately and Zipcar gets a basically unlimited fleet for the weekends. It's a no-brainer.


let me know what they ACTUALLY DO >>>>>> LOL
 
2013-01-03 02:15:25 AM  

Christian Bale: Avis Budget expects to generate $50 to $70 million in annual synergies as a result of the transaction.

In other words, the 50-70 million that ZipCar was potentially pulling away from Avis will be restored when they shut it down. That's the definition of 'synergy'


Where is this notion that they're shutting down ZipCar coming from? They're going to allow ZipCar to do more business than they previously were able to do, and the same suits that were running ZipCar's day-to-day operation will still be running it.

FTFA: Significant revenue growth opportunities exist, including by leveraging Avis Budget's fleet to meet more of Zipsters' weekend demand, which is currently constrained by fleet availability.

Avis Budget anticipates that key members of the Zipcar management team, including Mr. Griffith and Mark Norman, president and chief operating officer, will continue to set the overall direction and run day-to-day operations of Zipcar.
 
2013-01-03 09:22:37 AM  

fishingthesky:
Where is this notion that they're shutting down ZipCar coming from? They're going to allow ZipCar to do more business than they previously were able to do, and the same suits that were running ZipCar's day-to-day operation will still be running it.

FTFA: Significant revenue growth opportunities exist, including by leveraging Avis Budget's fleet to meet more of Zipsters' weekend demand, which is currently constrained by fleet availability.

Avis Budget anticipates that key members of the Zipcar management team, including Mr. Griffith and Mark Norman, president and chief operating officer, will continue to set the overall direction and run day-to-day operations of Zipcar.

Bolded the key word in that sentence. That's corporate speak for "they'll be 'spending more time with their family' by the end of next quarter"

If Avis doesn't kill it, come back with a Followup and quotes from all of the naysayers a year from now. Avis wants the business, and they want to service it from their airport counters. Why adopt a separate model and infrastructure for a subsidiary when you can shut down the website and servers and give everyone an Avis Preferred account?

 
2013-01-03 09:24:20 AM  

Magorn: Honestly never understood why ZipCar was a good thing.  I can usually rent a compact car for about $20/day or less particualrly on weekends from a rental car place.  Zipcar cost $50/mo straight off for 8/hours of driving and then like $8-9 per HOUR after that.  So what was the point of it?  It reminded of people that used Uber because it was all hip aand cyber without realizing that they were paying MORE than if they just called a traditional taxi service


Gas, tolls, insurance are included.

It's not for long term rental, it's really for people who need a car for a couple hours, maybe a day. Most rental companies fark you on weekends because they aren't open until Monday.

I can drop off and pick up a zip car whenever I want.
 
2013-01-03 03:43:17 PM  

MrEricSir:
Try renting a car from a traditional car rental place for 2.5 hours. Also, do traditional rental places park cars a block or two from your apartment?


Enterprise has an hourly rate. Not sure what it is. I regularly rent via Priceline for under $20 a day. Most places have rental car places nearby, you don't need to go to an airport. They're often located in hotels and car dealerships - reserve a day ahead, and you'd be surprised how many places there are.

When I lived in San Francisco, and relied in just a motorcycle for a couple of years, there was an Enterprise a few blocks from my house. They'd rent me whatever it was that nobody wanted for as little as $9.95 a day. That usually meant something that got terrible mileage and was a PITA to park - think full size pickup, or a big van - but the vehicles were quite cheap.

If you're picking up and dropping off the vehicle on the same day, bargain with them. Mention that they could rent the vehicle again that same day, which will give them 200% utilization on one car. The branches love to up those utilization numbers (advice given me by a friendly agent at a rental car counter - those people get so much abuse, if you show some courtesy and respect they'll generally go out of their way to take care of you).
 
2013-01-04 07:25:47 PM  
I like ZipCar, but Car2Go is a better plan for many (but not all). No need for a return trip, free parking, no reservations necessary.
 
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