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buying What's Your Take on Buying and Selling Cars With Cryptocurrency?

12:57  10 february  2021
12:57  10 february  2021 Source:   thedrive.com

Selling a used Tesla Model 3 - Danes are currently paying top prices

 Selling a used Tesla Model 3 - Danes are currently paying top prices Because Denmark is raising the tax on electric cars in January, but there are hardly any new cars available, the Danes in Germany are buying used electric cars such as the Tesla Model 3 at high prices. © Tesla Tesla Model 3. Actually, the trade in vehicles between Denmark and Germany is the other way around: Due to the high taxes that apply in Denmark, dealers offer cars cheaper in our northern neighbors.

Tesla made headlines once again this week after it announced a $1.5 billion investment into Bitcoin, in addition to the fact that it will soon accept the cryptocurrency as payment for its cars and related services. The news caused BTC to immediately surge in price, jumping from less than $40,000 Monday morning to a steady value above $43,000 after the announcement was made. The move has garnered criticism since the mining of Bitcoin is, in contradiction with the electric car company's entire raison d'être, an intensely energy-hungry affair.

a blue car parked in a parking lot: Tesla made headlines once again this week after it announced a $1.5 billion investment into Bitcoin, in addition to the fact that it will soon accept the cryptocurrency as payment for its cars and related services. The news caused BTC to immediately surge in price, jumping from less than $40,000 Monday morning to a steady […] © Provided by The Drive Tesla made headlines once again this week after it announced a $1.5 billion investment into Bitcoin, in addition to the fact that it will soon accept the cryptocurrency as payment for its cars and related services. The news caused BTC to immediately surge in price, jumping from less than $40,000 Monday morning to a steady […]

We can pontificate about the dark art of crypto and how it fits in with and affects the buying and selling of cars all day but, instead, we'd like to hear what you all think. What's your take on the buying and selling of cars using cryptocurrency? Whether it's Bitcoin, Dogecoin, Litecoin, or Ethereum, what do you think of paying for cars with these alternative mediums of exchange instead of dollars and cents?

Best time to buy a used car: The months and surprising holidays to score a deal

  Best time to buy a used car: The months and surprising holidays to score a deal Deals favor the start and end of the year, but read on for the best day to take home a used car because it's honestly surprising.Let's start with the most interesting part of the data: holidays. While Black Friday deals existed this year, it's actually not the best "holiday" to buy a used car. That day is Martin Luther King Jr. Day. For some reason, dealerships slap a lot of savings on used cars for the day we honor the work of MLK Jr. The study looked at 32 million used car sales from 2018 and 2019, specifically focused on deals where buyers saved at least $1,100 on the average $22,000 price of a used car, and MLK Jr. Day provided 39% more deals than average.

a plane sitting on top of a car © AP

Is crypto the future of all transactions and a method of payment stodgy Kia dealers will eventually be forced (kicking and screaming, of course) to accept as well? Or is it a passing fad? Something we'll look back on in 10 years and laugh, telling future generations incredulously, "People paid for cars with it and everything!"

On the other side of the coin (pun completely intended) if you were selling a car on Craigslist, what would you say to a prospective buyer who offered to pay in Bitcoin?

Let us know in the comments below.

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The track-only supercar has extraordinarily powerful aero, a V12, and Niki Lauda’s name on it. Somebody slap me!OMG.

usr: 0
This is interesting!