Man Selling Rolls-Royce Ghost Not For Gold, But Bitcoins

In case you’ve always wanted to spend your digital currency on a luxury limousine, this lavish gold Rolls-Royce Ghost might be worth considering.

According to the Auto Trader ad, the private seller willing to let the car go is looking to get paid only in Bitcoin for the equivalent of £117,995 (US$159,600), making this a first for the UK’s used car market.

“With the meteoric rise in popularity and value of Bitcoin in recent years, it comes as no surprise that sellers are now attempting to trade this way, it’s a huge trend and currently holds a high value,” stated Auto Trader’s editorial director, Erin Baker.

“That said, Auto Trader won’t be releasing a ‘search by Bitcoin’ function anytime soon. Our focus is very much on our ‘search by monthly payment’ product that launches next month for car buyers.”

As for what makes this car special, other than its badge and eye-catching silky gold body color, there’s a 360-degree overhead camera system, active cruise control system, automatic braking, free view television and a “007” license plate.

The seller also claims that this is the only Rolls-Royce on the market with a rear refrigerator and champagne flutes.

PHOTO GALLERY

  • Status

    Spend an appreciating crypo-currency on a 7 year old deprecating asset? Hmm…

    • jsz00

      Appreciating? It dropped more than $1000 overnight. I don’t know which one is worse… at least you have some utility with the Rolls.

      • Status

        It is appreciating if you can weather a $1000 loss of value and still be well ahead of your initial investment.

    • europeon

      “Volatile” is the world you’re looking for.

      • Status

        It’s only ‘volatile’ if you’ve only just monitored it’s activity in the last week. Think long term and play long term, and that ‘volatility’ becomes a 1300% increase over a year.

  • CAPSTWAT

    IT’S NOT A “007” LICENSE PLATE. IT SPELLS “GOLDEN”

  • Kash

    I think I had a piece of wall art that was VERY similar to his rim design.

    Also, Autotrader is a fool for not offering a Bitcoin option in the pricing section, get in now, before someone like Cars, KBB, or someone else does and becomes the go to for it, it’s a simple thing. This isn’t the first time a car has been for sale with a Bitcoin price tag, in fact one has already sold for Bitcoin.

    • Boring realities

      Currently there’s not much upside to a Bitcoin option in the UK vehicle marketplace. Most traders function on sales tax rebates/write-offs etc. from the tax authorities; requiring paperwork of Sterling transactions. Plus, anti cash-laundering law impose upon dealers a ceiling restriction on cash accepted at point of sale, with the rest of the balance coming via wire/debit card paperwork. Additionally for buyers any financing used is locked into the Sterling/banking world anyway. Simply no real upside for any traders to take Bitcoin.

      As for private sales there’s no cash restrictions or tax burden of any kind (tax write-downs are still possible for some individuals). Most sellers are after liquid Sterling, and most buyers are ready with cash/loan/wire details. Little upside to consider Bitcoin for most of the public, who have yet to set up Bitcoin wallets/investments.

      Only someone wishing to immediately offshore the proceeds from the sale of their car, or someone wishing to keep an offshore asset anonymous to fund the purchase of a vehicle would be interested in Bitcoin for cars in the UK. Very niche I would guess!

      Not sure what it’s like in other countries…

      • Kash

        In the US, if you have the cash you can buy an entire car in cash. When me and my husband bought his 4Runner we paid half in actual cash, and then the other half was a debit card transaction.

        For a while dealerships were weary about people paying for the full amount in a cashier’s check but that had to do with the cars being exported to China for a huge profit.

        Bitcoin would probably do a lot better in the US, especially for luxury brands whose customers are heavily investing in Bitcoin right now in preparation for another recession or are noticing the potential it has as it continues to rise in value.

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