Shopping for a new Hyundai? You can now complete the entire checkout process and arrange financing through Amazon as part of the “beta” launch of Amazon Autos, the tech giant’s new platform for buying a car.
Hyundai is running commercials promoting how easy it is now to buy a car just by adding it to your Amazon shopping cart. even one The next day shows a customer picking up a new vehicle from a local dealership.
in another adA teenage girl teases her dad at breakfast that his pancakes are “too mean.” The narrator comments that you can buy a Hyundai on Amazon in the time it would take to learn Gen Z slang.
Buying a car the old-fashioned way (in person) can be painfully time-consuming. It’s such a process that many dealerships have lounges and snack bars to try to keep shoppers patient as they fill out what can feel like an endless amount of paperwork and get their new set of keys. Awaiting approval of their finance before the wheels
of Amazon New car-buying platform Caters to shoppers who don’t want to spend half day or more on the transaction.
“This collaboration allows customers to easily discover, learn about and purchase their favorite Hyundai model from their local dealer through one of the world’s most trusted shopping experiences,” said Jose Munoz, president and CEO of Hyundai. release. “It represents the future of automotive retail.”
Car-buying goes online
In recent years, the auto industry has grown pre-orderwhich lets buyers customize vehicles online for their preferred features. The downside is that you have to wait weeks or months before you can actually get behind the wheel.
Because many car buyers want to shop online but want to be able to get into their next vehicle right away, automakers — and third-party companies like Amazon — are now trying to innovate to meet this demand.
There is evidence that these efforts are succeeding. According to a new Cox Automotive StudiesNew car buyer satisfaction hits record high in 2024 The company said the growth can be attributed to “digital tools, price transparency and a balance between online and in-person dealership experiences.”
Amazon is marketing its new initiative as the fastest way to buy a car. According to the company, it’s an “end-to-end” buying experience, meaning you can browse available Hyundai vehicles in your area and get a quote for value. Trade-in, check out and schedule your pick-up — all without leaving the Amazon platform.
While the ease of buying a car with a few clicks has obvious appeal, there are some potential trade-offs that should be on your radar. For one thing, in the current version of Amazon Autos, only select Hyundai dealerships are participating, which means vehicle and trim options are limited. You also can’t shop for other brands, though an Amazon spokesperson told Money that the company plans to add more automakers later this year.
Another thing you can’t do on Amazon Autos is the deal. The price you see — including taxes and fees — is the price you pay. This means you could end up paying more for the car, as the upfront price means you can’t use your negotiating skills to score a deal. You can get approved for financing during the checkout process and complete the necessary paperwork on Amazon’s site or app.
Again, while convenient, this is a potential drawback in terms of cost. If you buy a Hyundai on Amazon, your current options for financing are limited. Not being able to use the lender of your choice means you may not get the best rate, though Amazon said leasing and other financing options are coming to Amazon Autos later this year.
More than money:
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