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+1 me too, of course. The problem, unfortunately, as we learned through some of Tesla's struggles, is that car dealerships are deeply embedded in a bunch of lo
by nlh 10y ago
+1 me too, of course.
The problem, unfortunately, as we learned through some of Tesla's struggles, is that car dealerships are deeply embedded in a bunch of localities through legislation. There are literally written into law as the way consumers needs to buy cars.
So the tough part here is that we consumers would LOVE a better way, but it's going to be a while before this takes nationwide. A few progressive municipalities will, I'm sure, adopt (and make it legal to buy via Amazon Cars), but don't hold your breath for the death of car dealerships in the next ~10 years.
(PS - I deeply hope I'm wrong.)
- abawany 10y agoThis matches my understanding too. According to Sen. Warren's book 'A Fighting Chance', the dealers lobby was able to get significant exemptions added for themselves when financial regulations were being discussed in 2013 [1]. One of these was the ability to change the rate of a loan after the sale is done.