Can you buy a car with Bitcoin?
Buying a Car With Cryptocurrency
- Campbell Ford Lincoln
- Crypto Emporium
- Bitcar
With cryptocurrency being all the rage these days, you’ll often come across phrases online such as «When Lambo» and «Waiting for my Lambo» on various cryptocurrency forums, such as those on Reddit. This phrase, of course, refers to the idea of being able to get such a great return on your cryptocurrency holdings that you’ll be able to soon afford a Lamborghini or the equivalent.
This isn’t just a pipe dream either. Take, for instance, the case of Peter Saddington, who is a 35-year-old computer programmer. After having invested in Bitcoin years ago, he was able to purchase a 2015 Lamborghini Huracan, which is valued at $200,000, for only 45 Bitcoins. The price that Saddington paid for those 45 Bitcoins? Just $115. (See this CNBC article)
So if you’ve done well in cryptocurrency investing or simply want to support it as a form of currency, here’s a list of some of the main sites and dealers where your can purchase a car with Bitcoin and other cryptocurrencies today:
Campbell Ford Lincoln
Located at https://www.bitcoinford.com, Campbell Ford Lincoln is an excellent option for those looking to buy a Ford that’s either brand-new, used, or certified pre-owned. As an official Lincoln dealership as well, you’ll have luxury Lincoln options at your disposal.
This Lincoln/Ford dealership in South Bend, Indiana is one of the easiest dealerships in the country to buy a vehicle with Bitcoin. Campbell Ford Lincoln also offers flat-rate pricing in Bitcoin due to the lower payment processing fees involved. Definitely a site to check out!
Crypto Emporium
As a luxury emporium, Crypto Emporium, located at https://www.cryptoemporium.eu, offers a wide-variety of luxury cars and motorbikes for sale, all of which can be shipped worldwide. You have the option of purchasing luxury cars and motorbikes in not just Bitcoin (BTC), but also in Litecoin (LTC) and Ethereum (ETH).
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Given the nature of the vehicles on offer here, this is obviously for those who have made out extremely well so far in crypto or are simply rich in general. If it’s a luxury vehicle that you want, this would be the place to visit.
Bitcar
Bitcar.io takes a unique approach to buying a car with cryptocurrency. How so? Well, not only can you outright purchase a vehicle through their website from various dealerships around the world, but the site also acts as a blockchain-based platform. You’ll be able to have fractional ownership of collectible exotic cars instead of buying one, which you can trade on their peer-to-peer trading platform. Eventually, you can, in theory, trade up to the point of outright owning one.
Bitcar also uses an asset token called CAR that is meant to be stable in value to it being backed by actual physical cars and tied to their value in US Dollars. The site accepts Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
More and more dealerships are beginning to accept cryptocurrency as a valid form of payment both in the United States and worldwide. However, it’s important to exercise caution if trading in cryptocurrency or outright buying some, as it can be very volatile overall.
If you do happen to purchase a vehicle using cryptocurrency, A-1 Auto Transport can help you with your transportation needs. Be sure to contact us today for a free quote!
Can You Buy a Car With Crypto?
Car shopping can be tricky, and there is a whole slew of manners in which you can pay for your next ride. You can buy your vehicle outright, lease, finance it, or trade ride for ride with private parties online. However, with the new prevalence of cryptocurrencies like Bitcoin, you might wonder if your digital cash stash can secure you a new car. So the question remains: can you buy a car with crypto?
What is crypto?
Crypto, short for cryptocurrency, is a decentralized form of tender that owners could theoretically use to carry out transactions. Bitcoin is the founding form and the most popular version of cryptocurrency. Instead of the practice of traditionally earning currency, early Bitcoin holders could “mine” the money and store them in digital wallets. However, there are many forms of digital currency, like Litecoin, Ripple, and Ethereum.
Can you buy a vehicle with crypto?
Yes, you can buy a vehicle using cryptocurrencies like Bitcoin. However, it will likely not be as straightforward as buying or financing a car at a dealer. While you might not be able to stroll into some Ford dealerships and buy a Mustang Mach-E with your digital wallet just yet, there are methods to buy a car using your computer cash.
How do you buy a car with cryptocurrency?
You can buy a car with crypto using a handful of simple methods. According to Kelley Blue Book (KBB), purchasing a vehicle from a business that accepts debit cards is the easiest method. You can use a crypto debit card to then buy a car. In addition to physical dealerships, KBB states that many trusted auction organizations like Mecum Auctions accept cryptocurrency-based debit cars like BitPay.
Unfortunately, no automaker accepts crypto at every one of its dealerships, but some examples accept digital currencies. KBB says that multiple dealers have opted to take currencies like Bitcoin for vehicles. Furthermore, Elon Musk, founder of Tesla, has entertained the idea of crypto transactions.
Is using a cryptocurrency to buy a car better than using cash?
As of right now, the adage “cash is king” seems to be true. The convenience of finding a preowned car on Facebook Marketplace, setting up a meeting, and purchasing a vehicle is difficult to beat. Perhaps in the future, more private sellers and dealerships will welcome cryptocurrencies to the same extent. For now, though, cash seems to be king.
Related
What can you do with crypto?
Many online stores and organizations accept cryptocurrency for goods and services. According to the New York Times, online retailers like Overstock accept crypto for transactions. So while you may not be able to buy a car at every dealership using digital currencies, you have options for your money. Still, cash seems to be the easiest way to get your hands on a new or used car for now.
Scroll down to the following article to read about car buying tips and tricks!
Can I buy a car with Bitcoin?
“Can you buy a car with Bitcoin?” The short answer is yes! In the new era of digitalisation, practically anything can be bought with digital currency. All that is required is a digital wallet and a reliable internet device. A few clicks on your mobile phone is all that it takes to buy a luxury automobile. Sounds surreal, right? All thanks to the founding fathers of cryptocurrency for turning your dreams into reality. Not surprisingly, using cryptocurrency is considered a short-cut to buying a dazzling car of your choice. If you are thinking of availing the best of opportunities, get in touch with no other than AutoCoinCars.
AutoCoinCars is the largest and one of the few car dealership platforms in the U.K. It allows access to a wide collection of ultra-fine luxury automobiles that can be bought with cryptocurrency. Yes, you heard it right! Amidst a handful of car dealerships accepting crypto-payments, AutoCoinCars serves as a one-stop safe haven. There is a growing number of car dealerships listed on the website. Fortunately, they accept nearly all notable forms of cryptocurrency. Before we help you get familiar with the crypto-car-purchase process, let us first acquire some knowledge about Bitcoin.
What is Bitcoin?
Bitcoin is the first ever form of digital currency. It can be used to perform day-to-day transactions that involve buying and selling of goods and services. Similar to other cryptocurrencies, Bitcoin is decentralised in nature. Using Bitcoin does not require you to be accountable to a centralised authority. In simpler words, two participants can transact directly with each other without a bank interferring. Unlike fiat currencies, Bitcoin is mined and stored in digital wallets. A unique ID is generated against your crypto-wallet.
By far, Bitcoin is the most desirable and widely accepted form of digital currency. Owning Bitcoin could literally get you anything you wish for, nowadays.
Benefits of Buying Cars with Bitcoin.
A lot of you might be wondering why buy a car with Bitcoin in the first place. When it comes to transacting digitally, not everyone feels comfortable and secure. Of course, a humongous amount of money is involved here, be it digital or physical. Therefore, it is extremely important to determine whether or not Bitcoin is worth using. Below are some of the notable benefits associated with Bitcoin and its use.
As stated earlier, Bitcoin works decentrally. This allows both the car dealership and buyer to carry out a digital transaction without involving a bank. They are no longer accountable to a centralised authority. You simply have to make use of your digital wallet. In other words, Bitcoin facilitates peer-to-peer transactions. Another benefit that stems from its decentralised attribute is a very low or zero intermediary fee. Since there is no involvement of a middleman, you do not have to incur any transaction cost.
Buying cars with Bitcioin is an invulnerable practice. First, it allows you to track your crypto-transactions that follow strict privacy protocols. You can trace them anytime no matter in what corner of the world you are sitting. Secondly, because of the blockchain technology Bitcoin uses, the transactions are encrypted. Interestingly, when you transact in Bitcoin or crypto, the information is permanently recorded on the respective block. The block is then added to the chain. Also known as a digital ledger, blockchain does not let your transactional data be tampered with. This is one of the most appealing features of Bitcoin, especially for those with security concerns. Unlike conventional car-purchases, buying automobiles with Bitcoin leaves no room for fraud. Overall, they ensure a high degree of security and confidentiality.
Furthermore, with crypto-purchases, you are safe from all the unnecessary paperwork, formalities, and delays you would otherwise suffer from. This way, your transactions become quick and hassle-free.
Thus, overall, it is safe to say that using Bitcoin is definitely the best possible alternative to traditional currency.
Steps to Buying Cars with Bitcoin.
Finding an exclusive range of fine automobiles and crypto-accepting vendors under one roof is a challenge in itself. However, with AutoCoinCars, this could no longer be a hurdle. Here are some basic steps you could take to book a car with AutoCoinCars:
- Identify the cryptocurrency you wish to use.
- Confirm your budget.
- Check www.autocoincars.com and look up vendors selling the vehicle you want to purchase.
- Sign up as a customer on AutoCoinCars.
- Choose your preferred car and contact the respective dealership. You can request a test-drive and have your car physically inspected.
- Add your digital wallet information. A small verification fee will be charged.
- Collect the invoice for the car from AutoCoinCars.
- Pay for the car in Bitcoin or any other cryptocurrency. Once AutoCoinCars receive your digital payment, they take the responsibility of processing it. Hence, all the risks associated with crypto-payment are eliminated and a complete stability is paid to the provider.
- Collect your luxury automobile and enjoy the ride! Do not forget to request the sales receipt for your new vehicle.
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Syed Qasim
Syed Qasim ( CEO IQ DEVELOPERS ) Is a highly experienced SEO expert with over three years of experience. He is working as a contributor on many reputable blog sites, including Filmdaily.co, Apnews.com, Businessinsider.com, and UrbanSplatter.com
