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!”
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
Once 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.
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”
“I’ll only consider a car if it has _______.”
This is something our Shift Advisors frequently hear from prospective buyers. Not only that, the features tend to be the same ones: auxiliary inputs, leather seats, backup cameras, and other creature comforts that can really make the difference for some drivers. Continue reading “Filter Cars by Your Favorite Feature”
Now that spring is upon us, the new season marks a moment for us to reflect on the past several months of product development at Shift. We’ve been hard at work filling in gaps to build Shift into a streamlined car buying experience for you: Continue reading “Shipping Shift: a Spring Product Roundup”
One of the most common reasons we see buyers buy a Shift car is because they are getting rid of an old one. Whether you’re downsizing, having a new baby, or it’s just time for an upgrade, Shift makes trading in one car for another easier than it’s ever been. Continue reading “One Step Shift Trade-Ins Are Finally Here”
San Diego—here we come! We’re thrilled to announce that beginning today, Shift will begin offering test drives and selling cars in San Diego. Continue reading “Shift Now Proudly Offering Test Drives in San Diego”
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”
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”
When you’re buying a car, you want to know exactly how much you’re paying and whether you’re getting a deal. Both of those things are a lot easier with two new updates to Shift’s vehicle pages: a market comparison tool from CarGurus and an improved price calculator. Continue reading “At Shift, Used Car Prices that Bare it All”