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| E-Commerce: Amazon selling cars come 2024 |
| 2023-12-08 |
| [RetailCustomerExperience] Amazon plans to be selling cars online, with finance package offerings, come 2024, according to a press release from Auto Link, a fintech and marketing company. The release claims Amazon's auto business will present a big risk for credit unions and small community banks as they will not be able to compete with the mega retailer. "The Amazon announcement takes online car shopping and financing to the next level. Consumers want easy and intuitive access to information and services, 24/7 from any device. Amazon has the knowledge and know-how to deliver this, effectively removing many FIs from the financing conversation," stated the release. IIUC Synchrony is Amazon's Bank |
| Posted by:Besoeker |
| #8 I'm not gonna buy a car based on a description. I'm gonna have to see it, touch it, hear it. (I've had a couple of good experiences with CARMAX. Called 'em, said hold it for me to look at it. Bought both of them. Still driving one of them.) |
| Posted by: ed in texas 2023-12-08 11:08 |
| #7 We bought a car through the USAA program back in the day. Was a great experience and would 100% do it again if it were still an option. Amazon I'm really not so excited about. |
| Posted by: Angstrom 2023-12-08 10:38 |
| #6 Given the proliferation of online scams Had a bad experience with CARMAX. |
| Posted by: Skidmark 2023-12-08 09:18 |
| #5 A neighbor down the street purchased a mini-mini Van from Cars From Japan. He's happy. |
| Posted by: NN2N1 2023-12-08 08:50 |
| #4 Given the proliferation of online scams, I could see ordering what you assume is a full size vehicle and being sent a Matchbox or Hot Wheels. |
| Posted by: M. Murcek 2023-12-08 07:45 |
| #3 Kinda hard to kick the tires online. |
| Posted by: DooDahMan 2023-12-08 07:30 |
| #2 And just how will all the porch pirates handle this? 🤔 |
| Posted by: NN2N1 2023-12-08 06:28 |
| #1 The release claims Amazon's auto business will present a big risk for credit unions and small community banks as they will not be able to compete with the mega retailer. Didn't work for USAA. We'll see how this one goes. |
| Posted by: Besoeker 2023-12-08 05:41 |