For a cool $1.3 million, you can pre-order a flying car from Slovakia

Place your order now, and by 2020 you could own a flying car. Slovakian company AeroMobil on Thursday debuted its limited first edition flying car at Monaco's Top Marques auto show, and announced that it would start taking preorders that it will deliver in 2020. The car will sell for between $1.3 million and $1.6 million.

So, how does the flying car work? TechCrunch broke it down:

Experts aren't predicting flying cars will take the sky by storm anytime soon. For starters, anyone who wants to fly the car will need to have a pilot's license. There's also the question of which traffic laws cars in the sky would have to abide, as right now there are only laws for airplanes in the sky and cars on the road. It's also not exactly legal to use a highway as a runway.

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But that all may change soon, because AeroMobil isn't the only company racing to make flying cars. "The technology is there," said Philip Mawby, an electronic engineering professor at the University of Warwick. "The question is bringing it to the market at an affordable cost, and making it a useful product."