Shift Technologies | Auto Finance News | Page 2 | Auto Finance News - Part 2

Shift Expands to San Diego, Brings Hertz Financing In-House

Shift Technologies Inc. expanded its reach to San Diego — bringing its proprietary technology and team of car concierges to the city — just three months after teaming up with Hertz Car Sales. Now, the company has brought Hertz financing in-house to the Shift Finance platform, Auto Finance News has learned. The startup’s partnership with […]

Pooled Ownership Hinges on Fleets, Exec Says

The fleet membership model is set up to gain faster traction in auto finance than the shared-lease model, Toby Russell, president of Shift Finance, told AFN. “The whole reason people buy cars and leave them idle so much is so that they can have the option to travel when they want and how they want,” he said. “They pay a […]

Shift Launches Test Drive iOS App to Expand U.S. Marketshare

Shift, a San Francisco-based startup, has launched a test drive app on Apple’s iOS platform, Shift’s Chief of Staff Peck Yang said. The app is capable of offering potential borrowers a test drive of whatever vehicle they are considering or have already decided to finance, he explained. “Shift is an augmented marketplace for used cars — […]

Startup Shift Finance Drifts Away from ‘Traditional’ Finance Models

Shift Technologies Inc. now also offers in-house car financing through a startup pilot Shift Finance, in a bid to compete with similar platforms, such as Vroom or Carvana, the company announced in mid-March. Shift, an online car-buying marketplace, first made headlines last year when it raised more than $73.8 million in total funding from investors after less than […]

AFI Speaker Faculty Adds Two Innovative Executives

Auto Finance Innovation 2016 will start off with a bang, thanks to the addition of Daniel Parry of Praxis Finance Corp., and Peck Yang of Shift Finance, to its speaker faculty. The two executives will join the panel entitled Startup Leaders on the Future of Auto Finance, will which kick off the inaugural event on […]

Shift Launches Financing Arm

Shift Technologies Inc., a peer-to-peer vehicle buy/sell marketplace, launched Shift Finance, the company’s own in-house auto lending business, Shift announced today. The financing pilot — based in Virginia — and will expand to all of the markets that Shift currently serves, according to a company press release. “Our goal from the beginning has been to transform a […]
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