CAR RENTAL IN COLORADO: Colorado locals save money with car-sharing services

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DENVER (KDVR) — Given the high prices associated with buying a new or used vehicle, many Colorado residents are turning to car-sharing programs.

This is very different from traditional car rental services like Hertz or Enterprise. People using these programs can simply borrow and rent private vehicles from someone in their neighborhood.

The latest data from Momondo shows that the average price for an economy type car rental this month was around $64 here in Denver compared to traditional car rental services.

With these car sharing programs, you can rent vehicles for as little as $5 per hour.

Some of the most popular car sharing apps in the Mile High City are Turo, Zipcar and Getaround.

These are private vehicles, by ordinary people. Because these services offer cheaper options, they are growing in popularity.

According to data from Getaround, more than 30,000 trips have been made in Colorado since 2019, with more than 55 million miles traveled in the state.

For many Colorado residents who cannot afford a new or used car, these services have become a cost-effective way to get around.

“As more and more people are starting to realize the benefits of car sharing and realizing that you can get the transportation you need without owning a car, it’s becoming very liberating for people who live in the community to know that you can have affordable and reliable transportation at your fingertips without the hassle of car payment,” explained Nick Tenekedes, with Getaround.

According to CARFAX data, the average price of a used car is around $28,000 right now. That’s a 47% increase from just two years ago.


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