Lyft is saying goodbye to estimates.
Lyft will tell consumers the exact price of their rides with a new feature launching Tuesday.
The upfront price information will be similar to the locked-in prices users see before they agree to an UberPool or Lyft Line ride. Lyft has provided price estimates for a while, but its new feature will be the first time the app is able to guarantee a price for regular Lyft rides.
Uber began introducing upfront fares for regular Uber rides in July.
The new fare works similar to traditional taxis in that it will set a definite price on the distance — but time can still be a factor. Lyft noted that if “your ride takes more or less time than expected — the ride total you were quoted will not longer apply.” Read more…