New York, NY (WIBX) - What is the hottest car at the New York International Auto Show this year? [VIDEO]

It is the Terrafugia Transition...a two-seat airplane with foldable wings, four wheels, and turn signals. Billed as a "street legal airplane," it is actually a flyable car.

It retails for about $279,000.

The company says that a lot of the people who have placed orders are not currently pilots, so you do not have to be a pilot to buy one, but you do have to be one to drive one.

Initial flight testing has yielded an 8-minute flight time, but that is increasing. Testing will continue through 2012 and deliveries are set to begin next year.   To get a glimpse: