No dealership, no salesman and no haggling: it's the Auto Trader car vending machine.

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The company's first car vending machine is now operational in in London, England, and it will let potential buyers use their phones to buy the car.

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The company underscored the ability to bypass haggling with the vending machine that uses contactless technology to pay for the car with just one's phone.

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As for where the cars come from, they're still from dealerships, but Auto Trader prenegotiates the price and then plops them in the vending machine.

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For example, the first vending machine houses a Renault Zoe with a pre-agreed price of £16,000, or about $19,000 at current exchange rates.

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When it's time to buy and finalize the deal, there's a custom point-of-sale system and a unique mechanical door to unleash the car when finished.

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What a time to be alive.

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