Looking for a new car? Amazon may soon be able to help with that as the online retail giant has partnered with Hyundai to start selling vehicles on its platform next year.
"Making one of the biggest purchases of your life can be simple, convenient, even quick — and from anywhere," says a voice-over on an Amazon YouTube video about the deal.
Amazon said in a statement that it will start online vehicle sales in the U.S. with Hyundai. People will be able to search for vehicles using local dealership inventory, purchase or finance it, and then pick it up or have it delivered by the local dealership.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Beginning in 2025, those who purchase a next-generation Hyundai will also have access to Alexa, Amazon said.
“Partnering with one of the world’s most customer-centric organizations unlocks incredible opportunities as we continue to expand our portfolio, grow our sales network, transition to electrification and realize the future of smart mobility,” Jaehoon (Jay) Chang, president and CEO of Hyundai Motor Company, said in a statement.
The news comes as the auto market continues to recover, even after a six-week strike by the United Autoworkers Union (UAW) at Detroit's Big Three automakers — Ford, General Motors and Stellantis — that ended last month. According to a Cox Automotive report, car prices held steady despite the strike and new-vehicle inventory at the start of November rose.
What to know
At Amazon, besides models and prices, there are a few other things to consider, according to a November 17 MotorTrend report. This includes the fact that you will not be able to make returns on Amazon, at least not at this point.
Marty Mallick, vice president of Amazon Worldwide Corporate Business Development, told MotorTrend that the two companies will be in the testing phase next year, however, and would see if returns could eventually be an option.
Another consideration is that you won't be able to test drive the vehicle unless you visit a dealership.
Meanwhile, you might also want to consider that other automotive e-commerce websites, such as Carvana and Driveway, also offer the option to buy cars online and both have seven-day return policies if you change your mind.
Car buying tips
Car buying for beginners especially, can be tricky, so here are a few points to keep in mind:
Remember that car buying can be an emotional experience, so know your budget and stick to it, as Kiplinger previously reported. Think hard about whether to use a dealer or a bank for financing and shop around for the best rates. You may get a better deal on a loan from your bank or credit union, which may also help to alleviate the pressure of purchasing and financing a car from the same place.
Related Content
-
Astronomical AI Spending Is Causing Jitters on Wall StreetThe Kiplinger Letter Amid rampant excitement over artificial intelligence, a new round of skepticism is taking hold. Here are four forecasts about the future of generative AI.
-
Protect Your Loved Ones With an Estate PlanHere are eight things you can do to help protect your family.
-
Amazon Prime Day 2024: Should You Sign Up Before the Big Sale?Becoming an Amazon Prime member affords you dozens of perks. With Prime Day 2024 coming up July 16 and 17, is it worth it to sign up before the big sale?
-
10 Money-Saving Hacks for Amazon ShoppersThere are many money-saving hacks for Amazon shoppers if you know how to use them.
-
Amazon Pilot Tests A New Grocery Delivery PlanAmazon Prime is piloting a new plan that, for a monthly fee, will eliminate grocery delivery charges on orders over $35.
-
Amazon To Quit PayPal's Venmo in JanuaryAmazon.com and Amazon mobile app users won't be able to use Venmo as a payment option starting next month.
-
Amazon Expands Grocery Services to Non-Prime MembersAmazon is also allowing any customer to order delivery from other grocers and retailers on the Amazon platform.
-
Five Reasons You Shouldn't Shop on Amazon Prime DaySmart Buying Think twice before getting lured into buying a bunch of stuff you don't need just because it's on sale.
-
Get Audible for Free This FallAmazon is now offering a complimentary 30-day trial of Audible, and you can either opt for a “Plus” or “Premium Plus” trial.
-
A New Amazon Returns Location: StaplesA pilot program makes Staples another place for customers to drop off Amazon returns for packaging and shipment.
