Been meaning to sell your car and want to get a better deal with no hassle? No worries — we’re here to help. And, this week, Shift and Uber are joining forces to change the way you get around Los Angeles.
Buying or selling a car, especially a used car, is usually a pretty terrible experience. It’s inconvenient, time-consuming, and plagued with uncertainty. By and large, the predominant method for most people is still selling a car on Craigslist.
Need groceries? There’s Instacart. Need to sell your vintage jeans? threadUp. Need tickets to Kanye? StubHub’s got them. The list goes on. But when it comes to selling your beloved Prius — one of the biggest financial decisions you’ve made to date — your options are not only limited: they’re antiquated. For most people the process looks something like this: three weeks of dealing with flaky, indecisive buyers; half a dozen text messages in the middle of the night; a person over the phone asking if you’ll extend them a “personal line of credit.” In the 21st century, when there’s an app for almost everything, it’s hard to believe so many people still begrudgingly resort to selling a car on Craigslist.
That’s why we introduced the Shift selling program. It’s an industry-first resource that provides consumers a customized car valuation by considering nuanced data that isn’t used in existing pricing standards like Kelley Blue Book. Our proprietary algorithm considers everything that could impact the sale price: actual transactions, real-time demand, market dynamics and geographic variations (a car that regularly drives through the snow in Salt Lake City will likely be worth a bit less than the same car driven every day in sunny San Diego), making as-needed adjustments for mileage and demand at auction.
So how does it work? All you have to do is enter some info about your car on our website. We’ll schedule a time to come evaluate your car in person, give you a final offer, and drive it back to our hub. There, we’ll give it a final once-over with our team of mechanics, and send payment straight to your back account. That’s it. Seriously.
Our app is just one more way that Shift is pushing the car industry forward, while staying true to our founding principle: to offer consumers exceptional service for less money, and create a higher standard for the entire industry. That’s why we’re one of the largest dealers in California, and growing.
We think the future of car ownership isn’t selling a car on Craigslist, but rather selling your car in an hour, from your home, in a safe environment, with the money sent directly to your bank. No more wasted Saturdays or late-night texts or sketchy interactions. Just peace of mind.
It’s a great time to be here at Shift. We just announced our Series B, have continued to hire smart and talented people, and feel confident in our product.
We’re using technology to fix a broken system, from the bottom up, and are providing an exceptional customer experience.
TIME magazine agrees. Check one reporter’s experience with Shift here. Continue reading “TIME Magazine takes Shift for a spin”
Earlier today, we announced that our company has raised a $50M Series B financing led by Goldman Sachs, with participation from our Series A leads DFJ and Highland Capital Partners, as well as DCM Ventures. Continue reading “Next steps at Shift”
Building Shift over the past 18 months has been an experience of a lifetime, both challenging and rewarding, but we’re doing this because it’s so desperately needed. I see a broken $1.2T car market that has gotten away with doing the bare minimum for its customers. We, the consumers, deserve better. Continue reading “The Road Ahead”