Carvana has opened up its fourth car vending machine in Texas — and the fifth nationwide — in Frisco, Texas, according to a company announcement.
The new vending machine, the company added, will facilitate one-day delivery service for customers within 100 miles of the Dallas metropolitan area. The vending machine will stand eight stories tall, contain four delivery bays, and hold up to 30 cars.
“Following the launch of our free, as-soon-as-next-day delivery service in Dallas in May 2015, we’re pleased to bring our automated Car Vending Machine to Frisco,” said Ernie Garcia, founder and CEO of Carvana. “We hope Dallas metropolitan area residents will embrace this new and unique pick-up experience.”
The process of picking up a car at one of Carvana’s vending machines begins with a visit to Carvana’s website. Customers search through Carvana’s online inventory of over 7,300 vehicles. Once a vehicle is chosen, customers can then purchase the vehicle, attain financing and choose to trade in their current vehicle.
All vehicles are certified through a 150-point inspection and feature a 100-day/4,189-mile bumper-to-bumper warranty, as well as offer a 7-day return policy, according to the company.
On March 31, Carvana filed a registration statement with the U.S. Securities and Exchange Commission in order to pave the way toward an initial public offering.