Heading to Toronto? Get a car for $1 a day

One of the newest entries in the global car-sharing market has a sweet offer on right now for those in Toronto.

Starting Sept. 1, CityFlitz is offering cars in the greater Toronto area for $1 a day.

Yes, that is really too good to be true. There are actually some additional charges: $30 to sign up with CityFlitz (a one time fee), a $7 monthly usage fee, and a $350 security deposit which you get back.

Admittedly, even with those fees (essentially $37 for your first time with CityFlitz), that’s still a good deal.

The company is able to offer cars so cheaply for sharing because each carries a lot of advertising. The company charges advertisers upwards of $400 a day.

There are other restrictions: You must be at least 23-years-old and agree to drive at least 19 miles a day.

CityFlitz will give this cheap offer a test run in Toronto before extending it to other cities in Canada.