AUSTIN, Texas — Internet-based car buying company Carvana has officially opened its "Car Vending Machine" in Austin.

Only the third machine in the nation right now, Carvana is located at 6014 S. IH-35.

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With the same enthusiasm as that of a child and a gum ball machine, customers arrive at the location and are handed a coin. The coin activates the machine, picks up the car, loads it and then delivers it right to the new owner.

"Carvana customers begin their experience by searching for and buying their desired car online at Carvana.com in as little as 15 minutes using a mobile phone or desktop computer. Customers can also trade-in a car and secure vehicle financing through Carvana if desired. Once the purchase is complete, customers can choose to have their car delivered directly to their door as soon as the next day, or they can opt to pick it up at one of Carvana’s Car Vending Machines,” the company said in its press release.

Customers have 7 days to test-drive the car with the ability to return it for any reason for a refund.