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Author Topic: NEW & USED CARS in The USA for bitcoins.  (Read 944 times)
zeroday (OP)
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May 02, 2013, 09:00:55 PM
Last edit: May 02, 2013, 10:06:01 PM by zeroday
 #1

One of my business partners is licensed car dealer in the US.
After two months of negotiations we finally decided to accept bitcoins for car sales.

How it works:

1.  Buyer sends to Agent (me) a request indicating desired car model.
2.  Agent finds appropriate vehicle at closest to the buyer location.
3.  If Buyer accepts offering car, Buyer and Agent sign contract.
4.  Buyer makes reservation deposit which is 10% of vehicle price. Reservation deposit to be made by sending bitcoins to a trusted Escrow service.
5.  If car reservation is confirmed by the Seller, purchase agreement to be signed between Buyer and Seller.
6.  Buyer pays remaining 90% of the car price equivalent in bitcoins to Escrow.
7.  Original signed documents are delivered to the buyer.
8.  Temporary tag placed on the vehicle with registration.
9.  Vehicle is picked up by the buyer at the dealership, or delivery service notified about delivery order from the dealer to the buyer.
10. Buyer signs damage-delivery report and receives purchased car.
11. Copy of signed delivery report is sent both to the Seller and Agent.
12. Escrow receives a copy of delivery report and releases the amount of deal to the Agent.
AndrewBuck
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May 02, 2013, 09:14:03 PM
 #2

Sounds like an interesting development for the bitcoin economy.  Being able to buy cars in BTC is a big step forward.

There is a map based on OpenStreetMap located at www.coinmap.org which shows bitcoin accepting businesses.  If you give me details on where the dealership is I can put it on the map for you.  I also offer a separate service of improving the map around the business for a small fee paid in bitcoins, but I will put it on the map for you for free whether you choose to take advantage of my other services or not.  I think there is already a car dealership in Kansas on there, but I don't know if they sell cars in BTC or just do repairs or what.

Anyway good luck with the car sales, hope it goes well for you, and I am glad to see the bitcoin world growing to accept more sophisticated things like this.

-AndrewBuck
zeroday (OP)
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May 02, 2013, 10:45:14 PM
 #3

Agent's office is in Miami, FL.
However, it's not limited to a specific location. We use car dealer network and can serve any region of The United States continental territory.
Purchased car ships to any Town in any State.
starsoccer9
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May 03, 2013, 03:00:47 AM
 #4

do you have a website or anything that we can see some models you have or something? or are we just supposed to blindly pm you asking for a car model?
zeroday (OP)
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May 03, 2013, 04:02:15 AM
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do you have a website or anything that we can see some models you have or something? or are we just supposed to blindly pm you asking for a car model?

The website is in progress and will be ready in a week or two.

We could find absolutely any model. This is not a single dealer, but entire car dealer network. There are thousands and thousands cars in the database.
Just post here desired model and we'll find the best matches.
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July 16, 2013, 03:06:17 PM
 #6

The website is in progress and will be ready in a week or two.
Any news?

I'd like to see your business on CoinMap too!

“…virtual currencies, could have a substitution effect on central bank money if they become widely accepted.”
ECB Report, October 2012
zeroday (OP)
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July 17, 2013, 07:58:47 PM
 #7

The project is on pause because of recent extreme volatility of bitcoin.
However, we may still sell a car on individual basis.

You may request a quotation for any model of new or pre-owned car right here in this thread, or just PM me.
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