With Ferrari’s new form of payment, there’s no need for cash or financing.
As the demand for desirable supercars increases alongside the community of affluent car collectors, manufacturers are starting to become more selective when it comes to allocating the latest and greatest models. At Ferrari, the brand prides itself on maintaining the tradition of cementing relationships with past, present, and future owners who share a passion for Italian craftsmanship and design. Today, Ferrari is pleased to announce its next jump forward into the future of automotive manufacturing with a new way to pay for your Italian handcrafted supercar or hypercar. CNBC Television recently reported that Ferrari will now be accepting cryptocurrency as a form of payment when purchasing vehicles like the new Ferrari 296 GTB. The bright idea comes as part of a new partnership between Ferrari and BitPay, offering Bitcoin, Ether, or USDC as payment for the U.S. market.
One of the main benefits of using cryptocurrency when shopping for a Ferrari is the savings that owners will retain from transaction fees or surcharges. Removing risk from both the dealership and buyer, the crypto amount will be immediately transferred into U.S. dollars at the time of purchase. However, buyers will be forced to pay a capital gains tax on any increase in the cryptocurrencies used to buy the Ferrari. The strategic move comes from Ferrari’s belief that its younger clientele has built their fortunes on cryptocurrency, wanting to use it as payment to acquire their dream cars. With a $77 billion market value and a sold-out inventory for the next 2-3 years, Ferrari is adding the crypto payment as yet another method of growing itself into a leader in the supercar and hypercar space. View all Ferrari models currently for sale on duPont REGISTRY by clicking the link below.
Source: CNBC Television
