November 18th, 2015: The Future of Car Buying

[xoxoxoBruce]

OK, you're hanging out with friends, the gathering breaks up, but you have to piss like a racist. Coming back from the loo to find everyone's gone, and there you are without a ride home. No problem, just wander over to the car vending machine, drop in a coin, and your new car will be down in a jiffy...
...if you're near Nashville.



Because you're smart enough to know it can't be that simple, you say, "What?". There's a couple of details, there are a number of similar looking, usually bigger, car storage buildings, but this is the only coin operated car vending one in the world. Another detail is payment, and insurance, which the government and banks get a little picky about.
In truth, it's a gimmick, something car dealers are famous for. The old saw, first you gotta get there attention, is well heeded in any business.

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 $1500 to $2000 for every car they purchase," said Garcia. That's because the entire purchasing process is done online instead of a dealership. Garcia said it's simple.
"They can pick from nearly 2000 cars in inventory and buy the car in as little as 20 minutes," he said. "When I say buy the car, I mean they can get approved for financing, select financing, sign contracts, select a warranty and get a trade in value."

You'll probably spend another 20 minutes just signing all the papers.
But this was interesting...

And if they don't like something about it, Garcia said there's a seven day return policy. "Whatever it is no questions asked," he said. "Six days later we will call you to remind you, you only have one day left on your return policy. You can return it, swap it off for another car or just wash your hands of the transaction and say maybe I'll come back next time."

Really, just like that, cancel the loan, insurance, all the paperwork, give your trade back untouched, no charge?
What if it has 5000 miles and mud on it? I'd read the fine print first.