Check Out This Car Vending Machine in Tennessee
You may have seen some innovative vending machines in your day. I’ve seen some that sell hot food, and airports often feature machines that dispense flower bouquets. However, have you ever seen a five-story vending machines that sells cars? We didn’t think so.
Believe it or not, potential car buyers can visit a giant glass building right off Interstate 65 in Nashville, Tennessee, slip an exclusive coin into the slot, and watch as their selected vehicle is delivered right to their feet. Not only is it an awesome technological feat, but it makes the car-buying process as simple as possible.
To learn more about this innovative car-buying experience, continue reading after the break. We guarantee that the concept will never overtake any Lexington used car lots, but we can still appreciate the innovative and creative idea…
Carvana, a start-up automotive business, is looking to “remake the car-buying experience,” writes Matt McFarland of The Washington Post. The company, led by chief executive Ernie Garcia (who admitted that the idea is “a little crazy on the surface”), wants to take the stress out of the car-buying process, transforming it into a fun and enjoyable event.
“We just want to make it as seamless as possible,” Garcia said. “Having a new car is really, really fun, but buying it is not the most fun experience.”
“I think what we’re trying to create is a fun way to pick up your car that is also metaphorically representative of what we are as a brand,” Garcia added to Ashlee Kieler of Consumerist.com. “It’s fun, it’s easy, it’s automated, and the customer is in control.”
The process is easy and pretty straight forward. The customer cannot haggle over the price, and the company won’t encourage the buyer to add any deluxe trims or features. You choose your vehicle online, fill out some corresponding paperwork, establish all of the financings, and then travel to the giant vending machine in Tennessee, where you’ll pick up your new ride. The 20-car tower is not employee-free, as staff is present to assist you in the process.
The used vehicles are scrutinized and subject to a 150-point inspection that dives into every part of the vehicle. Potential buyers can even drive the car around for a week before they commit to the purchase.
As McFarland writes, another incentive would be the financial aspect, as potential buyers can avoid dealership’s operation costs. However, the inability to haggle a price with Carvana limits that advantage, as customers at dealerships could realistically negotiate a lower price and remove those fees from the final cost.
The company has seen a recent boom in popularity, increasing revenue from $4 million in 2013 to $45 million in 2014. Garcia said he intends on building more vending machines in the new few years, although he wasn’t specific about any locations.
As we’ve seen in the past, it’s extremely difficult for a business to revamp the car-buying industry. As a result, we often see some pretty creative ideas, like this giant vending machine. While it’s very unlikely that they’ll ever replace the traditional dealership, we can still appreciate the innovative idea.