Buying and selling classic cars with Bitcoin and cryptocurrency has never been easier and more secure.
Historically a car dealership would advertise its classic car stock to a relatively limited local market. But with the creation of the internet, that exposure automatically grew, significantly expanding the number of opportunities to buy and sell classic cars.
One of the issues selling some of these classic cars was that of trust. From the buyer, the trust that the classic car was as described and the seller had the potential payment issues and costs of the transaction to consider. As classic cars are obviously unique then each transaction is unique, regardless of payment by Bitcoin or traditional funding methods.
As more cars are now being transacted between countries, often being bought unseen by investors, the age of digital communication has facilitated an increase in sales. Pictures and videos can be sent of every detail of the classic car being purchased and any request that the buyer has can be addressed within minutes.
Car transportation is now easier than ever, with cars crossing the oceans daily, moving between buyers and sellers. It is relatively inexpensive to ship cars these days, all fully insured and with minimal risk. So the new markets available to classic car dealers should, in theory never have been better.
Classic cars appeal to investors as well as enthusiasts. Bitcoin and cryptocurrency users often have an interest in classic cars and for many people, they are now easily affordable. Many Bitcoin buyers for example bought their Bitcoins for around $40 and are now worth in excess of $15,000 - a massive return.
Turning this huge digital investment into a tangible asset such as a car makes a lot of sense to many of them and AutoCoinCars have overcome the technical and legal issues with transacting classic cars with crypto.
How to Buy a Classic Car with Bitcoin
Payment by Bitcoin and crypto for classics is now straightforward. The buyer and seller agree on a deal, and the dealer contacts AutoCoinCars with the local currency balance required. We take the equivalent cryptocurrency from the buyer and convert it to local currency (GBP, EURO etc) then pay the dealer prior to the car being released.
Should the car be travelling overseas and the buyer wants to purchase a little more security then there is an escrow service available to retain part funds until the buyer is happy. An independent panel are on hand to assess any discrepancies and mediate.
So, offering classic cars for sale to Bitcoin buyers makes a lot of sense. Safe, secure and a huge global market that traditionally classic car dealers would not be exploiting. Why not sell Jaguar E-Types to the USA or the Gulf States to investors? Classic Aston Martins over to Japan, you name it.
We all know that the world is rapidly becoming an international trading place and modern technology has ensured that it is faster and more secure than ever before. Join the AutoCoinCars community to buy and sell classic cars with Bitcoin today!
Want to learn more about how to buy a car with Bitcoin, check out our helpful article.