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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

Singapore Is Now Home to the World’s Tallest ‘Car Vending Machine’

By
Jennifer Calfas
Jennifer Calfas
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By
Jennifer Calfas
Jennifer Calfas
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May 16, 2017, 10:32 AM ET

Imagine a vending machine, but for Ferraris, Bentleys, and Porsches.

A 15-story tower filled with high-end cars from used car seller Autobahn Motors opened recently in Singapore, according to the company’s website. The structure can hold up to 60 cars, and customers can purchase any vehicle when they visit the tower, the site says.

Touted as the world’s largest luxury car vending machine, the tower was created to save space, according to the company.

Customers can use a touchscreen on the ground floor of the building to browse through cars, according to Reuters. They can choose whichever car they are interested in, and it will arrive within one to two minutes. Autobahn Motors staff supervise the full experience.

Gary Hong, general manager for Autobahn Motors, told CNNMoney that the vision for the tower came from a display of Matchbox cars he saw while in a toy store with his son. “We decided to build something a bit different to solve the problem,” he said.

While still the world’s tallest, the Singapore car vending machine isn’t the only one of its kind. These new designs have appeared in the U.S. and Japan over the last several years.

Carvana, an online marketplace for buying used cars in the U.S., has several car vending machines around the country. Customers can pick up their cars at these vending machines or have them delivered.

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By Jennifer Calfas
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