Congratulations Minnie!

It was just three years ago this month that our team sold our first car using a new platform we were creating, and boom: Shift was born. But things were a lot different back in 2014. We were working out of my apartment living room and parking cars on the street (or in the Costco parking lot), and doing the sales ourselves, all because we had this crazy idea about transforming the used car industry. Needless to say, it was a wild first couple of months.

Since that time, we have become the largest used-car seller in the Bay Area, built an incredible team, expanded to new markets, brought on board great investors, and have thousands of happy customers. It’s an awesome time for Shift and we are all incredibly bullish about where we are headed. Continue reading “Congratulations Minnie!”

How to Calculate Car Payment

One of the most common discussions we have with customers deals with matching the right car to a given budget. It can be tough! We’ve seen cars that cost less than $10k, one car that cost $138k, and thousands of cars in between. So here are our tips for how to calculate car payment.

To help you better calibrate your car budget and get a better sense for the Shift inventory that matches it, we’ve created a quick and easy car loan calculator.

Try out the new car loan calculator >

Calculate your car payment by month

We generally have two types of financing conversations with customers. The first is when they have a max price in mind and are trying to figure out what their loan terms will look like. The other is when they have a specific amount budgeted for their monthly payment and are trying to figure out what cars they should be looking at.

With our new car loan calculator, you can easily calculate for either scenario. Just use the “calculate max price” or “calculate monthly payment” tabs and input your down payment, interest rate, and loan length and let the calculator do the rest.

View available inventory based on your budget

Car loan calculator image 2Once you’ve calculated either your max payment or total price, we make it easy to see exactly how many cars in our inventory match your budgeting criteria. This will give you a total price, so remember to factor in tax and extras like warranties or gap insurance.

You’ll never need to spend mental energy filtering out cars that aren’t in your price range again.

Try out the new car loan calculator >

Or, let us calculate the car payment for you

At Shift, we offer a tool that lets you shop for cars based on your predicted loan terms, so you can view cars based on what your monthly payments would be. We’ve already done the math for you, so no calculations required!

Want to give it a try? Shop by payments.

Interactive Condition Report Now Available on All Vehicle Detail Pages

At Shift, we want a car’s detail page to be a virtual window into its heart and soul. To do that, we need to first give you all the information that’ll help you decide whether to schedule a test drive.

That’s why we just made a few changes to Shift’s vehicle detail pages that’ll make it easier for you to preview the condition of any car.

See the new vehicle detail page > Continue reading “Interactive Condition Report Now Available on All Vehicle Detail Pages”

Two New Financing Options for Shift Customers: Ally and Santander

Starting this month, Shift customers will now have more options and a better chance at getting a low rate when financing their car. We’re happy to announce that Ally and Santander are joining Shift’s network of banks that will compete on your loan application. Continue reading “Two New Financing Options for Shift Customers: Ally and Santander”

Mind the Gap: Gap Insurance Now Offered on Shift

Plain and simple: being underwater on an asset you own sucks. Unfortunately, becoming underwater—owing more than a car is worth—on a car is a reality. Cars are driven. Things happen. Values depreciate.

Find a car to cover >

To help our customers protect against ever becoming underwater on their car, we’re working with Ally to now offer gap insurance on all cars sold through Shift. Continue reading “Mind the Gap: Gap Insurance Now Offered on Shift”