Add Edmunds.com to the list of companies dreaming of emulating Amazon's success. With last year's quiet launch of a service called Price Promise, the car shopping website is trying to "be as close as possible to Amazon.com for the automotive experience," president Seth Berkowitz explained at an industry gathering yesterday. What that means, per the Detroit Free Press: Berkowitz says car shoppers' No. 1 gripe is the lack of a clear, exact car price; Price Promise cuts out the haggling that follows as a result by allowing dealers to email the exact price of a vehicle found on the site to shoppers who request it. Shoppers can then print out a certificate bearing the number; the dealer must sell the car for that price. Ergo, no haggling.
Though the site hopes the feature will set it apart from the competition, TrueCar.com has offered a similar program since 2009, the Free Press notes; it claims 6,200 participating dealers, to Edmunds.com's 600. The service also doesn't factor in a buyer's credit history, which could change the monthly payments, points out the Wall Street Journal. Price Promise doesn't necessarily meaning getting the lowest price, either. Dealers say they sell cars to Price-Promise users for $300 to $500 more than traditional buyers. But according to Berkowitz, it's a worthwhile tradeoff for those looking to save time and avoid headaches.