Seller Preparedness $500 Bonus

The Seller Preparedness Credit is available to any customer selling their car to Shift who meets the following requirements:

  • Customer is prepared at their first evaluation appointment with:
    • Complete set of car keys (one or two keys as applicable)
    • Valid driver’s license of the car owner
    • Signed title and 
    • Current registration
    • Loan or lease payoff statement (if applicable)
  • Customer completes the sale to Shift at this first appointment. 

The Seller Preparedness Credit is $500 between 9/17/2021 and 9/21/2021. At all other times, the credit may be a different amount. 

The credit will be applied to the final payment made to the customer, and is contingent upon a successfully completed transaction. All other stipulations of the sale apply, including but not limited to the sale transaction being canceled due to the vehicle’s final inspection at a Shift Hub after the sale. Shift reserves the right to cancel a transaction per the Seller Agreement presented at the time of sale. Exclusions apply. 

Customers who receive the Seller Preparedness Credit are still eligible for other offers when purchasing a car from Shift. 

The amount, viability, and other details of the Seller Preparedness Credit are subject to change without notice.

Labor Day 2021 Promotion: Terms + Conditions

More information about purchasing a car online can be found here.

Sale prices are only guaranteed until 11:59 p.m. PST each day of the promotion. These prices are subject to change on any following day. 

For Sale vehicles and all other vehicles on Shift.com, the only way to guarantee a vehicle’s availability or pricing is through online purchase or placing a nonrefundable deposit on the vehicle.  We do not guarantee the availability of any vehicle or pricing of any vehicle beyond what is currently listed on the website.

Customers may place a $250 nonrefundable deposit to reserve a vehicle before or after a test drive and/or initiate an online purchase; the deposit is nonrefundable and will apply towards the purchase.  For any nonrefundable deposit placed on a car during this promotion, the purchase must be completed by September 12, 2021 at 11:59 p.m. PST unless otherwise stated to receive the accompanying discount.  

This Promotion may be combined with the Finance First Credit, but may not be combined with any other offers. Vehicles purchased from Shift prior to the promotion are not eligible for retroactive discounts, price adjustments, or other modifications. 

This promotion ends September 12, 2021 at 11:59 p.m. PST or while supplies last.  The promotion, including, but not limited to, all timing, prices, and inventory, is subject to change without notice and is subject to end at any time without notice. Exclusions may apply. 

Extra Savings Extra Coverage Terms and Conditions

This Promotion is a $500 discount valid on all one-year Vehicle Protection Plans when purchased with inventory available on www.shift.com, including sale inventory, with use of Verbal code word “Extra Extra” and placement of a non-refundable deposit during the Promotional Period on a vehicle purchased in accordance with the Shift Terms of Use (other than as modified by the Terms & Conditions of this Promotion). The “Promotional Period” for this Promotion runs from Tuesday, August 3, 2021 at 9AM PST until Saturday, August 29, 2021 at 11:59 pm PST. 

Vehicles purchased from Shift prior to the Promotional Period are not eligible for this Promotion and the $500 discount of this Promotion cannot be redeemed for cash. This Promotion may be combined with the Finance First Credit, but may not be combined with any other offers.This Promotion only applies to a customer’s initial purchase and may not be transferred. This Promotion may be changed or terminated at Shift’s sole discretion at any time and without notice. 

Fourth of July Promotion 2021: Terms & Conditions

Terms & Conditions for Shift’s Fourth of July 2021 Promotion (this “Promotion”):

This Promotion is a $300 discount valid on all Shift vehicle inventory available on www.shift.com, including sale inventory, with use of verbal code word “JULY 4” and placement of a non-refundable deposit during the Promotional Period on a vehicle which you ultimately purchase in accordance with the Shift Terms of Use (other than as modified by the Terms & Conditions of this Promotion). The “Promotional Period” for this Promotion runs from Friday, June 25, 2021, at 1 pm PST to Sunday, July 11, 2021, at 11:59 pm PST. 

Vehicles purchased from Shift prior to the Promotional Period are not eligible for this Promotion and the $300 discount of this Promotion cannot be redeemed for cash. This Promotion may be combined with the Finance First Credit, but may not be combined with any other offers. This Promotion may be changed or terminated at Shift’s sole discretion at any time and without notice.

Austin & San Antonio Credit May 2021

Terms & Conditions – UPDATED MAY 26, 2021 

The $500 Memorial Day credit opens at 9 A.M. PST on Thursday, May 27, 2021 and is applicable for customers and vehicle purchases registered in the state of Texas only. The credit expires at 10 P.M. PST Tuesday, June 1, 2021 or while supplies last. 

Customers may place a $250 nonrefundable deposit to reserve their Sale vehicle before or after a test drive and/or initiate an online purchase; the deposit is nonrefundable and will apply towards the purchase and must be placed on a vehicle prior to the promotion end time. For vehicles purchased online, the transaction must be completed by 10 P.M. PST on June 15, 2021 unless otherwise stated.

Cars purchased from Shift prior to the promotion are not eligible for retroactive discounts, price adjustments, or other modifications. Promotion does not apply to Shift cars located outside of the state of Texas.

The $500 credit is applicable towards the purchase of a Shift vehicle only and cannot be redeemed for cash or other forms of compensation.

The $500 credit promotion may be combined with the Finance First Credit and is applicable for vehicles purchased online and during a test drive. 

The $500 credit promotion, including, but not limited to, all timing, prices, and inventory, is subject to change without notice and is subject to end at any time without notice. 

 

March 2021 Promotion – Terms & Conditions

Terms & Conditions

Sale prices are only guaranteed until 11:59 p.m. PST each day of the promotion. These prices are subject to change on any following day. 

For Sale vehicles and all other vehicles on Shift.com, the only way to guarantee a vehicle’s availability or pricing is through online purchase or placing a nonrefundable deposit on the vehicle.  We do not guarantee the availability of any vehicle or pricing of any vehicle beyond what is currently listed on the website. 

Customers may place a $250 nonrefundable deposit to reserve a vehicle before or after a test drive and/or initiate an online purchase; the deposit is nonrefundable and will apply towards the purchase.  For any nonrefundable deposit placed on a car during this promotion, the purchase must be completed by 8:00 pm PST on March 31, 2021 unless otherwise stated to receive the accompanying discount. 

Vehicles purchased from Shift prior to the promotion are not eligible for retroactive discounts, price adjustments, or other modifications. 

This promotion ends March 22, 2021 at 8:00 p.m. PST or while supplies last. The promotion, including, but not limited to, all timing, prices, and inventory, is subject to change without notice and is subject to end at any time without notice. Exclusions may apply.

The “2020 is Finally Over!” Sale: Terms & Conditions

Terms & Conditions 

The 2020 is Finally Over Sale is only guaranteed until 8 P.M. Pacific Time on December 31, 2020 or while supplies last. 

Customers may place a $250 nonrefundable deposit to reserve their Sale vehicle before or after a test drive and/or initiate an online purchase; the deposit is nonrefundable and will apply towards the purchase and must be placed on a vehicle prior to 8 P.M. Pacific Time on December 31, 2020. 

Cars purchased from Shift prior to the promotion are not eligible for retroactive discounts, price adjustments, or other modifications. 

The 2020 is Finally Over Sale promotion, including, but not limited to, all timing, prices, and inventory, is subject to change without notice and is subject to end at any time without notice. 

 

Shift Adds New Directors to its Board

Today we are excited to announce three new members of Shift’s Board of Directors as we prepare to complete our de-SPAC process and become a public company: Adam Nash, Kellyn Kenny, Victoria McInnis. Adam has been formally on our board since May, when we started the SPAC conversations, and Victoria and Kellyn will be joining concurrently with our public listing. 

Over the years, we’ve been thinking about how we wanted the board configured as the company grows. As a soon-to-be-public company, there were several factors we deemed critical in choosing these members, including:  

  • Technology and product experience: Shift is, at its core, a technology innovator, and we believe it is critical to maintain that DNA on the board as we scale. Adam has paved the way for groundbreaking consumer technology products, serving as CEO of Wealthfront, early Vice President of Product at LinkedIn, and Vice President of Product at Dropbox. Adam has been an angel investor in Shift from the earliest days, and he has been a valuable voice on the board throughout the period that we’ve been working on the SPAC transaction. We are excited to have a strong product and technology voice among our directors as we continue to create amazing products for our customers. 
  • Brand marketing experience: A key part of Shift’s go-forward strategy is to use a variety of tactics to build our brand, both in our existing markets and new markets as we enter them. Because of this, having a board member  with a strong marketing background is valuable. This is why we are so excited about Kellyn, who as the most recent CMO of Hilton has extensive marketing leadership chops, and has over her career worked on building iconic consumer brands such as Capital One (one of the largest automotive lenders and stand out brand in a considered purchase category), Uber, and Microsoft.
  • Audit and financial controls experience: As a public company, we will face a new level of requirements as related to our internal controls and audit. To this end, having an audit chair who has intimate experience with managing the audit process and can help us implement the right procedures for Sarbanes-Oxley is critical. Victoria has incredible experience in these areas, as Vice President for Internal Audit and Chief Tax Officer at General Motors. In addition to her audit experience in the automotive industry, she has been part of a SPAC transaction, so has experience with the type of transaction we are doing for Shift.  She will be a fantastic addition to our board on a strategic level and as Chair of our Audit Committee. 

We still have two board seat searches ongoing that we will aim to fill in the coming quarters. These are build around these key criteria: 

  • Public company CEO and founder experience: We believe that Shift and our senior management would benefit greatly from a board member who has extensive experience as a CEO and company builder of a public company, who can help us think strategically about our long-term objectives and how to build a lasting company, and be a strong mentor and coach to us as we grow the business. 
  • Public capital market experience: As a public company, Shift will be an active participant in public capital markets. We see great benefit in bringing on a director who has deep relationships in the financial markets and can help us navigate the many nuances and complexities that come with being a publicly traded company. This could be either an experienced and well respected CFO, an investment banking leader, or a former CEO who navigated capital markets extensively. 

In the coming quarters, we expect that certain of our existing pre-public board members will transition out, after many years of dedicated service to Shift, and we will look to replace them with directors who can further round-out the board by bringing a new set of backgrounds and experiences to the table. As we have previously, our goal is ensure that we have a diverse board and we are able to draw on candidates with varying backgrounds. 

We also want to express deep gratitude to Emily Melton and Manish Patel, who have served on Shift’s board for nearly six years, to Jason Krikorian, who has been an investor for six years and a board member for two, as well as to our previous board members who have served Shift over time, for all the hard work that they have put in over the years to help Shift succeed. We appreciate Emily, Manish, and Jason’s willingness to stay on the board for the next few quarters helping ensure continuity as we onboard new directors.

We couldn’t be more excited to welcome Kellyn, Victoria, and Adam to our team as we continue to build the platform for making car purchase and ownership simple and accessible to everyone. The added strength, diversity and leadership they bring will be invaluable as we become a public company.

Best, 

George and Toby 

Shift is going public this year

Shift to go public later this year by agreeing to combine with INSU today

We are very excited to announce that Shift has entered into an agreement to combine with a special purpose acquisition company (SPAC) called Insurance Acquisition Corp. (NASDAQ: INSU).

As part of the business combination, INSU has raised $185MM in commitments from investors to purchase INSU equity capital, which cash would be available to the combined company following the completion of the business combination, in addition to potential proceeds from the SPAC trust, which currently stands at >$150MM.

We last wrote on our blog in late March when we had to announce some very painful decisions that affected our team and business stemming from the COVID pandemic and economic uncertainty. Facing some of the most challenging headwinds we could have ever imagined, our team nonetheless persevered, continuing to service our customers as they searched for alternative means of transportation. To be here now, announcing this milestone, is a testament to our incredible team that has worked so tirelessly to bring Shift to this stage.

Shift started selling cars in 2014 with a mission to simplify buying and selling of used cars. Offering consumers a complete car buying and selling relationship, it has combined a powerful technology platform with an omnichannel sales approach to redesign the car buying experience, especially through our patented test-drive-delivered-to-customer service. By combining its ability to quickly and accurately evaluate, price, recondition and sell cars across the entire value spectrum with its unique white glove service, Shift has seen meaningful market penetration in its core markets as customers appreciate the breadth of selections and convenience.

This transaction represents a tremendous opportunity for our company. Once completed, we expect it to significantly enhance our ability to scale our technology and operations, accelerate our growth, and continue on our mission to make car buying simple, fair and accessible to all. We are targeting to finalize the combination toward the end of Q3’2020, following the SEC review process and the completion of various conditions to closing, including among other things certain regulatory and stockholder approvals.

We want to close out with a huge shout-out to the many people who’ve helped us along the way. We’ve known each other for nearly 25 years, and each of our journeys in life and business reflect the incredible promise and opportunity of our wonderful country, in which entrepreneurship is able to flourish unlike anywhere else. None of this would be possible without the support of so many who have been with us along the way, both at Shift and in life. From our teachers and mentors, to our investors, to the hundreds of team members who have worked at Shift over the years, to our families and friends who have put up with us working non-stop hours, we owe a huge thank you.

Of course, today’s announcement is a big deal for Shift, but the hard work does not stop now. We are excited about what lies ahead. Onward!

George & Toby

Continue reading “Shift is going public this year”

Buy a Car Online: How Shift’s Online Purchasing Works

Looking to buy a car online? With Shift’s online purchase process, you can purchase any car through our website and have it shipped to your door. So if you’re ready to take the leap and streamline your car buying process, we’ll work with you to make the process super easy. 

What is online purchasing?

Glad you asked! All Shift cars are eligible to be purchased without a test drive, sight-unseen, just like you’d order anything else online. Each car comes with our risk-free 7-day/200 mile return policy.

How do I actually buy a car online?

First, pick out the car you’d like to buy and click through the steps to buy the car. Once you place a deposit on it, we’ll give you a call to confirm the purchase and arrange delivery to have the car dropped off at your house. Then all you’ll have to do is wait for your new wheels to arrive! 

Can I still do a return if a buy a car online? 

Yes – all cars, including our cars sold directly online, are eligible for our seven day/200 mile return for any reason. Simply call us at 855.744.3801 or email us at sales@shift.com and we’ll help to arrange a return for you.

 

Shift Help Center

Can I still get financing if I buy a car online?

You sure can! You’ll have the option to get prequalified for a loan during your shopping process to be able to view cars based on your likely monthly payments. Or, you can apply for and choose an auto loan during the checkout process. You can also add vehicle protection plans and gap insurance at that time.

Please keep in mind that if you live outside of California, Oregon or Washington, there may be additional steps or complications – but our Purchase Advisors will help you through the process.

Do I have to pay anything upfront?

Yes – you’ll be asked to put a $250 deposit on the vehicle. Our sales team will then follow up with you to confirm the details of the purchase. 

Is there any cost to ship it? 

Yes. The shipping fee is applicable for cars purchased directly online, just as you’d pay a similar fee for other online purchases sent to your home. Please note that the shipping fee is different from other costs associated with Shift’s standard service fee, and only applies to the actual shipping cost of the vehicle itself.