Crypto and automobile

[Hydrogen]

With a US subprime auto loan issue looming on the horizon, right next to the subprime student loan issue and what could be a future subprime mortgage issue sequel. Automakers could accept crypto in the future to keep demand relatively constant and prevent prices from falling drastically on decreased demand. Crypto currencies could represent millions, perhaps even billions in untapped revenue. Whoever manages to effectively tap that revenue stream first could gain a significant advantage over their competitors.

If anyone accepts bitcoin or crypto in the future, I would guess Tesla Motors will be first. Elon Musk has said pro bitcoin things in the past. He seems to appreciate economic and financial benefits crypto has to offer and I wouldn't be surprised if he included it in his future plans. It could help him to get a jump on the big three automakers in the USA and his business could flourish and prosper as a result.

I think it is still possible to buy a car via bitcoin even without automakers offering crypto support.

Here's one potential method someone in school could use.

Easy school method to buy a car via bitcoin.
#1 Buy candy using crypto online from a retailer which offers free shipping.
#2 Sell candy in school to fellow students at a price markup to convert btc to fiat.
(With free shipping a price markup here and a sale/discount could give someone a 20%+ bonus on their initial sum)
#3 Use fiat to buy car.

It might take a little bit of time for this method to work but the rewards could be worth it.

 

[Wowcoin]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

I think some company of automobile are accepting bitcoin because they know about it. Why you can try to ask them if they are accepting bitcoin so that you can pay them bitcoin.

[kodtycoon]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

It is very difficult to apply to large companies I think, because the price of crypto is very fluctuating and that may be something that is the reason why big companies still do not receive crypto as a means of payment. If you already have a lot of bitcoin on your wallet, then you can convert it and then buy your dream car using fiat.

[aeternus]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

Bitcoin is still at the early stages of its life, it is still maturing this is why it is still not accepted widely, but that will change as more people begin to adopt it and begin to use it in their everyday lives, so if you have enough cryptocurrencies to buy a car right now my advice is that you wait and hold for more years, eventually companies like those will begin to accept cryptocurrencies.

[JoshMart]

There are people out there who would be willing to trade cars for BTC's. You posted this question so I assume you probably have enough BTC's to buy you a fancy car. Just be wary of location. You have to be sure whoever you're going to trade to is well within your area so that it lessens the probability of you getting scammed. Moreover, you can simply cash out and go to a nearest dealer of your choice. Maybe, you can read more a bit and see if there are car dealers in your area who would accept BTC (maybe).

[Kikir leutik]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

with your intentions and your will this can be.
as long as you are diligent to get alcoint.
and in the future there is a possibility many companies will accept it.

[MainIbem]

In addition to bitcoin being accepted for purchase of vehicles nowadays, there are many tokens being developed for the ease of transactions for automobile. The bitcoin ecosystem is just getting better and real by the day.

[mylyn2327]

There are people out there who would be willing to trade cars for BTC's. You posted this question so I assume you probably have enough BTC's to buy you a fancy car. Just be wary of location. You have to be sure whoever you're going to trade to is well within your area so that it lessens the probability of you getting scammed. Moreover, you can simply cash out and go to a nearest dealer of your choice. Maybe, you can read more a bit and see if there are car dealers in your area who would accept BTC (maybe).

If you really wanted to buy car this the best thing you can do right now cash out if there's still no dealer accepting crypto in your area. But if you are willing to wait till crypto be accepted, I believe it will happen sooner.

[Sarisang]

to receive payment by direct bitcoin I think not yet. Maybe a few more years of crypto can be valid for payment. I think you should exchange crypto results first with the money to be used to buy a car.

[luckyluigi]

Actually there is no specific reason for that...I would just change my alts into bitcoin or ending with a fiat buying a car, anyway.

[Menawi12]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

You can do it today if you have enough BTC,for instance if you live in USA there is some car dealers who will gladly accept your crypto.For Europe it seems to be only one one car dealer in Italy for now,but somehow it seems to me that this information is incorrect.

However it will take some time that payments with cryptocurrency become commonplace practice,maybe in next 5-10 years you will not ask such question

Its seem nice if they can accepting bitcoin for payment. Many country including my country, can not use bitcoin for payment because regulation.
But if we want to buy automobile with altcoin, i think we can convert our profits to fiat first before buying car in dealer 

[Lucius]

Nowadays Japan really active in the crypto market. I think, that you want to buy Japanese car by crypto, it will be true in next few years

It is true today,people can buy automobile in Japan from L’Operaio who sells luxury cars and it is working with bitFlyer which is biggest crypto exchange in Japan.So if you live in Japan and want to buy Mercedes,Porsche,Lamborghini or maybe BMW,you just need account at bitFlayer and their mobile app,in a few seconds deal is done.Japan and the USA make the biggest progress in terms of BTC accepting as payment,and also USA is number one country by number of BTC ATMs.

Read more about L’Operaio : Japanese Car Dealer Accepts Bitcoin Payments Up to $1 Million

Official website : L’Operaio Group

[cmacwiz]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

That would be a really nice thing if the car manufacturers start accepting cryptocurrencies as a means of payment when people purchase the cars as it will be pretty easy for people buying and also for the showroom owners also.

[EnricoGomez]

There are some big companies accepting bitcoin as payment for cars as they believe, too, that it has a great potential in the future and tjat would serve as their investment. Not to mention that it s more convenient and easier to move around, I do not see why they would not.

[BitcoinTurk]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

In a very short time, I think many factories and car makers (including dealerships) will be paid in cryptocurrencies. There are one or two places that sell vehicles with Bitcoin in my country, but people do not much prefer this payment method. I do not think there is much known in my country among the reasons for not being Terich. In addition, there is no stock exchange service available in the country. For this reason, buying and selling cryptocurrencies becomes a little more difficult.

[hubble_kind]

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

I think it is not a big problem for car dealer to accept crypto as a payment if your country common with BTC. But why you ask that? You can exchange your BTC into fiat and buy a car, i think, it's simple too.

[ROB18]

At this point I guess, there are few companies or shops accepting bitcoin as a payment or medium of exchange. But definitely there are people who is willing to take your bitcoin in exchange of their car/s. Maybe in 5-10 years from now, it will be a common thing that you can purchase anything using BTC as Global currency.

[rimueng agam]

If they do not currently receive payments through any digital currency because most of these currencies are still prohibited by most countries then therefore they will not accept any payment except with legitimate payment using the currency used by that country.

[cryptomoon1004]

Car dealers that accept cryptos in the USA Market is in the link  below

http://spendbitcoins.com/places/c/car-dealers/


You can easily find a car dealer online and go pay him in bitcoin and get your new lambo...

[pallang]

It's nice to know that maybe someday there will be car companies that accept bitcoin as payments and i think that the owner of this company is also a big investor of Bitcoin.