World's first fully-automated coin-operated car vending machine has opened

Used–car business Carvana have opened what it describes as the world's first, fully-automated, coin-operated car vending machine in Nashville, Tennessee. “We are delighted to launch the world’s first robotic Vending Machine for cars,” Ernie Garcia, founder and CEO of Carvana, a Phoenix-based company, said.
“Our new Vending Machine is a state-of-the-art, multi-story structure that delivers our customers’ cars by merely inserting a custom coin," he added. The vending machine, which is a five-story glass tower, can store up to 20 cars at a time. Inside the glass structure there’s a "welcome center," an automated delivery system and three delivery bays.

YouTube link.

This new way of buying a car is supposed to save you money. "By virtue of cutting out all the middle men and getting rid of all the costs we save customers about $1,500 to $2,000 for every car they purchase," said Garcia. Carvana also sends buyers home with a personalized video of their vending machine experience which can shared with friends. Carvana customers who live in Tennessee are able to pick up their vehicles at the Nashville location for free.

YouTube link.

But for those who do not live in the area, Carvana has agreed to “subsidize $200 in airfare and arrange white glove transportation from the Nashville airport.” “Carvana’s mission is to create a better way to buy a car, and this new Vending Machine will be a one-of-a-kind experience that mirrors just how simple and easy we’ve made it to buy a car online," Garcia said. While this is currently one of a kind, Carvana said it plans to build more car vending machines.