Shift, the online car-buying platform, filed for Chapter 11 bankruptcy and ceased operations in October 2023. You must shop elsewhere if you are looking for a direct-to-consumer auto retailer.

Alternatives to Shift auto loans

While Shift did not finance directly, it worked with a network of lenders to match buyers with auto loans. Consider these online alternatives offering the same no-haggle, online shopping and financing experience.

Carvana CarMax CarsDirect
Bankrate score 4.2 4.0 3.5
Better for Less-than-perfect credit In-person shopping Online car buying
Loan types Used Used New, used, refinance
Loan amounts Not specified $500-$100,000 Varies by lender
APRs Not specified Not specified Not specified
Loan term lengths 12-72 months 36-72 months Not specified
  • Potential shipping and delivery
  • Late payment
  • Insufficient funds
  • Processing fee
  • Shipping fee
  • Potential fees, depending on lender
Min. credit score No minimum Not specified Not specified
Time to funding As soon as one day As soon as the day you apply 1-2 days

Carvana auto loans

Carvana auto loans

Rating: 4.2 stars out of 5
Learn morein our Bankrate review
CarMax auto loans

CarMax auto loans

Rating: 4 stars out of 5
Learn morein our Bankrate review
CarsDirect auto loans

CarsDirect auto loans

Rating: 3.5 stars out of 5
Learn morein our Bankrate review

Why did Shift declare bankruptcy?

The online business declared bankruptcy after it could not secure additional funding amid tumbling revenue. The filing happened in early October. The company listed $240 million in liabilities and $110 million in assets with the U.S. Bankruptcy Court for the Northern District of California. Shift has also shuttered its two California dealerships.


  • If you were in the middle of purchasing with Shift, your transaction and payment have been canceled.
  • Your vehicle is financed through an outside source, one of Shift’s partners, so you can continue paying off your loan as usual.