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Have you ever inserted a coin into a vending machine and had a BMW come out? Thanks to Carvana, now you can. The online car vendor will deliver a quality preowned car to you or let you pick it up from a car vending machine.
The value goes beyond gimmickry; Carvana sells cars for approximately $1600 below market value by minimizing operating costs. “Delivery or pickup – that’s our overhead,” co-founder Ryan Keeton told me.
Downsides? No multiple test drives. “Our model’s not perfect for that.” Cars do come with a seven-day money back guarantee and 100-day warranty.
– Chris Butsch, @CarTalkChris