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Buying a Car With Cryptocurrency
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!
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).
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.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!