Washington, DC (AP) You can rent cars for as little as $25 a day.
That’s less than half of the $200 it costs to drive to the next state or country.
And there are a whole lot more car rentals in Washington.
More than 1,300 are being booked every day, according to the National Association of Car Rental Companies.
They are available in all of Washington.
The group says it gets 1 million reservations per month, and that means more than 7,000 cars each day are being rented.
It’s a sign of how much Washington’s economy has changed since it was the epicenter of the auto industry boom in the 1980s.
Now the city is a hub for a host of startups and technology companies.
It’s a boomtown for people who can afford it.
Here, the city’s population is swelling from about 4 million to about 7.5 million.
But it also is a booming place for those who can’t afford the high-cost of renting.
More than 1 in 4 Washingtonians is under 30, and nearly half of those are renters.
The number of people with at least a bachelor’s degree has more than doubled since the late 1990s.
And the boom has not stopped.
The average rent for a one-bedroom rental has increased nearly 50% over the last 10 years.
And car rental company ThriftyCarRentals says its customers are also getting younger.
The company says it sees a growing number of 25-to-34-year-olds in the city, and the median age of its clients is nearly 30.
But the trend is starting to slow.
The rental car industry is booming, but the number of cars that can be rented has not kept up.
ThriftycarRentels is hoping to change that.
The group launched a new website and app in January called Thrifty Car Rentals in Washington, and it is aiming to make the rental car experience more affordable and enjoyable.
Thrillers is launching a second app that would allow people to rent cars with their smartphones.
That app, called ThriftRide, has already been downloaded nearly 1 million times.
And there are plans for an app for iPhones and Android devices.
“We have a lot of people who are getting used to the concept of renting cars and want to keep their options open,” said Paul Pfeifer, the group’s chief executive.
“But the market is going to have to catch up with that.”
The trend is in part due to the rise of Uber and other ride-hailing services, and more than half a dozen cities in the United States and Canada are trying to create a rental-car network similar to the one in Washington D.C. The companies say they have a vested interest in the industry.
They say they are in the business of making money, and if you don’t make money, you don´t have a choice.
They also say they do not need to compete with other companies in the rental-driving space, like Uber and Lyft.
“It has become a bit of a cottage industry,” said Pfeif.
“We think it’s an exciting time for us.”