Ernie Garcia, II founded and currently owns DriveTime. In 2020, Carvana acquired Car360, a 360-degree vehicle imagery company earlier this year, Vroom acquired United Auto Credit Corporation, signaling the company’s entry into captive financing operations.Ĭorrection: A previous version of this article stated that Vroom acquired DriveTime. This merger is the latest in a string of consolidations in the used car market. The merger is expected to close by the end of 2022. The company will also offer financing and warranty options. The combined companies will have a network of more than 10,000 consignment locations across the country, allowing customers to sell their cars without going through a traditional dealership. “By joining forces with Carlotz, we will be able to provide an even more seamless and comprehensive experience for our customers.”ĬarLotz CEO Michael Bor, who will serve as President of the combined company, said the merger will create a “powerful end-to-end solution” for used car buyers and sellers. “This is a natural next step in our mission to make car buying easy, fair, and fun for everyone,” Arison said in a statement. Shift CEO George Arison will lead the combined company. The two companies hope their combined platform will make buying and selling used cars effortless and convenient for everyone involved. CarLotz will handle the consignment and delivery of the vehicles, and Shift will take a cut of the sale. Repairs are expensive on all new cars, get some type of warranty. With Shift, customers can shop for cars online and have them delivered to their doorstep. Not sure what it covers but I reccommend extended warranty plans from fidelity or USAA. Wood and stone are unpredictable - therefore these Warranties do not cover minor splits, variance, and/or cracks.Used car eCommerce platform Shift is merging with consignment firm CarLotz, and the two companies promise to deliver a better way to buy and sell used cars. Transportation or delivery damage is excluded.Ĭolor matches on replacement parts are not guaranteed or warranted. This Warranty applies under conditions of normal usage only and does not apply to any component or surface defects or damage resulting from (a) negligence, abuse, normal wear, vandalism, acts of nature or God, alteration, disassembly, or misuse (b) inadequate or improper maintenance, cleaning or care (c) exposure to chemicals and/or any harmful liquid (d) accidents (e) any use for which the product was not designed (f) fading or other damages resulting from exposure to sunlight, fire or extreme temperatures and harsh conditions. Proof of purchase by the Original Purchaser is necessary for all Warranty claims.Įxcept for the express warranties described herein, SHIFT specifically disclaims and excludes any and all express and implied warranties with regard to its goods and services, including, but not limited to, the implied warranties of merchantability and fitness for a particular purpose. This Warranty is void if repairs or alterations have been made or attempted by others not affiliated with or authorized by SHIFT.Īfter one year from the date of purchase, the Warranty covers replacement parts only, and the original purchaser will be responsible for labor, packing, and all shipping and transportation costs. SHIFT has the right to decline Warranty coverage on furniture or other SHIFT products due to improper or unauthorized assembly or use. Such repair or replacement is the exclusive remedy available from SHIFT, and SHIFT is not responsible for damages of any kind in contract or in tort, including incidental and consequential damages resulting from any breach of Warranty. SHIFT will pay, within one year from the date of purchase, reasonable and customary labor rates to repair or replace the defective parts and shipping costs from the retailer to and from SHIFT, at no charge to the original purchaser. SHIFT warrants to you, the original purchaser, for five (5) years from the date of purchase, that our standard products be free from material manufacturing defects.
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