Using Crypto Currencies to buy cars

To all of our clients, and affiliate brokers worldwide. Due to the influx of buyers showing interest in paying for vehicles with Crypto Currency, we here at 4 Wheelers are pleased to announce that, we are now able to accept certain Crypto Currencies as payment for deposit, vehicles, and sundries.

Eligible Currencies
Breakdown of how fees are calculated
Payment Procedures
Should a refund be required
Inquiries

Eligible Currencies

The eligible currencies are as follows:

Name Code Symbol
Bitcoin XBT
Bitcoin Cash BCH
Ethereum ETH
Ethereum Classic ETC
Litecoin LTC
MonaCoin MONA
Lisk LSK

Breakdown of how fees are calculated

As per our Buying and Export Fee Breakdown page, the car cost shall remain the same but price for our FOB services will double for Crypto payments.

For a regular telegraphic transfer payment, the structure is as follows;
For vehicles ¥0 – ¥999,999 yen the FOB charge is ¥100,000
For vehicles ¥1,000,000 and over The FOB charge is ¥100,000

For Payment in Crypto currencies the fee payment structure is as follows and is based on the Japanese exchange BitFlyer’s Yen rate.

For vehicles ¥0 – ¥999,999 the FOB charge is ¥200,000 agreed equivalent value at the time of transfer pertaining to that coin.

For vehicles ¥1,000,000 and over The FOB charge is ¥200,000 + 10% of car cost for the portion over ¥1,000,000 agreed equivalent value at the time of transfer pertaining to that coin. 

Examples:

Regular Payment
Car cost ¥2,000,000
¥1,000,000 @ FOB ¥100,000
¥1,000,000 (2.0 – 1.0) x 5% @ ¥FOB 50,000
Total FOB ¥150,000

Crypto Payment
Car cost ¥2,000,000
¥1,000,000 @ FOB ¥200,000
¥2,000,000 (2.0 -1.0) x 10% @ FOB ¥100,000
Total FOB ¥300,000

Regular Payment
Car cost ¥3,500,000
¥1,000,000 @ FOB ¥100,000
¥2,500,000 (3.5 -1.0) x 5% @ FOB ¥125,000
Total FOB ¥225,000

Crypto Payment
Car cost ¥3,500,000
¥1,000,000 @ FOB ¥200,000
¥2,500,000 (3.5 -1.0) x10%@ FOB ¥250,000
Total FOB ¥450,000

Payment Procedures

Learn how to pay with:

Buy cars with Bitcoin
Buy cars with Altcoins

Should a refund be required

If for any reason a refund in full or in part be required, only the yen equivalent coin shall be returned to the client. The Yen value at the time is irrelevant.

For example, at the time of sending the coin the Bitcoin rate is as follows:

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If the client has sent a deposit for a ¥2,000, equivalent vehicle, (10%)which should be ¥200,000, then the Bitcoin equivalent should roughly be:

0.2674 Bit coin (200,000/723,500 = 0.2764).

If we cannot find the client a vehicle in a timely manner, then we will return the Yen equivalent at the time of the Rate BitFlyer determines.

Again, a calculation will then be made based on the rate sent via screenshot, and the client will be sent the equivalent Yen amount via the nominated coin. The rate will be taken as the figure underlined in Red – The BuyRate in Japan.

For example:

Crypto - Refund 2

200,000/854,147 = 0.2341 Bitcoin shall be returned to the client.

Inquiries

For all inquiries please contact the following contact us