SHOPSMART AUTOS – CUSTOMER INFORMATION – DECEMBER 13, 2020 (PT.2)
10 Car Companies That Accept Bitcoin (PT.2)
Post Oak Motor Cars (Texas)
This Texas-based dealer is the first Rolls Royce, Bentley, and Bugatti dealership to accept Bitcoin and other cryptocurrencies in its luxury car sales, starting the practice in Sept. 2018. The retailer has partnered with payment service BitPay to allow its customers to buy their vehicles using cryptocurrencies, and this move will expand its reach of customers to far beyond Texas, as the Bitcoin option will allow the dealership to accept purchase orders from customers worldwide. This will allow more convenience and customers to buy their cars a lot faster than most dealers.
E-Z Rent A Car
This car rental company is aiming at making rentals much easier and faster by accepting Bitcoins as a method of payment for its customers. The company website praises the speed of crypto transactions. “When you’re far away from home, stepping off a flight in a new city and ready to pick up your rental car, a bank may detect a credit transaction in a new location and freeze your account. A quick, peer-to-peer bitcoin transfer just goes through instantly. The payment is made and you’re ready to drive,” E-Z website stated. Carriage Nissan (Atlanta, Georgia) This Atlanta Nissan dealer is now accepting Bitcoin as a method of payment for those looking to buy their new Nissan. Carriage also partnered with BitPay to enable its patrons to buy their vehicles at the retailer using cryptocurrencies, but before getting excited to get your new ride with Bitcoins, there is a catch: the dealer’s website states that “only Bitcoin payments that can cover the full price of the vehicle including tax, tag and title can be accepted at this time,” and that “finance and lease options are currently unavailable.”
BitCar
BitCar is a website that specializes in fractional ownership of exotic cars, mostly from luxury brands. Using a blockchain-based platform, the site allows you to purchase a car through something called “utility token,” which consists of an asset that is tradable on BitCar’s live peer-to-peer auction platform. On this system, multiple users access the platform, and you can buy the car from a dealership using the token based on the value of the vehicle. People can also buy their way into ownership via peer-to-peer “asset token” exchange, which allows users to “trade their way up to full ownership of an exotic, allowing them to have the option to take the exotic for themselves,” the BitCar website stated. Make It A Champion Day!
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