JOHNNY DOETHE LIFE WHISPERER

Own/lease/rent cars anonymously in EU (Italy)

offshoreking9

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offshoreking9New MemberAuthor
Joined
Aug 2023
Messages
2

#1

Anyone knows a way to own, lease or rent cars in Italy or in EU with Crypto?
I have mid 7 figures in crypto but I can't spend it. I would love to rent or even buy a car if possible.
Italy is very strict when you buy/lease and the registration gets reported to tax agencies.
Renting cars has no such regulations but I need to find a good one that doesn't rip me off with high prices.

Any ideas?
Buying shares in a car dealership with crypto? Nothing else comes to mind

jafoHigh-Ranking Operative
Joined
May 2022
Messages
4,061

#2

I rent cars from regular rental agencies by the month! Cars are a depreciating asset, so buying them to me is like burning cash.
I purchased cars (Hummer H1 & BMW 750) in 2001 (the last cars I ever purchased) and juxtaposed that same amount invested in BRKA stocks.

The cars I obviously sold by now, but with maintenance and everything else, I'm $375K in the hole w/o counting my time. Including my time, I'm about US$535K in the hole. Compare this to the same initial US$225K investment in 2001 which is now +US$1.7M with NO headaches. I keep an extensive Excel worksheet juxtaposing purchases, time, and expenses vs. investing in the market.

I have cut frequent renter deals with car rental agencies e.g. SIXT and I can get a Mercedes Benz or BMW for less than €1000/month with everything included (except fuel, of course).

Simplify your life! It's so much easier to make the RIGHT decisions in life when you aren't dealing with "decision fatigue".

offshoreking9 said:

I have mid 7 figures in crypto but I can't spend it

Get a crypto debit card and load it with the amount of crypto (EUR or USD) you are going to spend. I do this all the time. It's easy. Search this forum or Google. Check reviews too.

offshoreking9New MemberAuthor
Joined
Aug 2023
Messages
2

#3

jafo said:

I rent cars from regular rental agencies by the month! Cars are a depreciating asset, so buying them to me is like burning cash.
I purchased cars (Hummer H1 & BMW 750) in 2001 (the last cars I ever purchased) and juxtaposed that same amount invested in BRKA stocks.

The cars I obviously sold by now, but with maintenance and everything else, I'm $375K in the hole w/o counting my time. Including my time, I'm about US$535K in the hole. Compare this to the same initial US$225K investment in 2001 which is now +US$1.7M with NO headaches. I keep an extensive Excel worksheet juxtaposing purchases, time, and expenses vs. investing in the market.

I have cut frequent renter deals with car rental agencies e.g. SIXT and I can get a Mercedes Benz or BMW for less than €1000/month with everything included (except fuel, of course).

Simplify your life! It's so much easier to make the RIGHT decisions in life when you aren't dealing with "decision fatigue".

Get a crypto debit card and load it with the amount of crypto (EUR or USD) you are going to spend. I do this all the time. It's easy. Search this forum or Google. Check reviews too.

I agree, horrible investment.
Renting what I was thinking about too. But I was looking to get more "luxurious" cars if you know what I mean.
I already have a crypto debit card but you can't use that to rent cars, most car rentals require a CREDIT card.
I found some car rentals that accept crypto but they seem more expensive than normal. Any good car dealers in Italy?

jafoHigh-Ranking Operative
Joined
May 2022
Messages
4,061

#4

offshoreking9 said:

I already have a crypto debit card but you can't use that to rent cars, most car rentals require a CREDIT card.

True! I failed to detail the transaction.

I use my AMEX credit card to rent and cover the rental deposit but settle the full amount with my crypto debit card. I am biased*** towards Rent luxury car in Italy - Primerentcar Luxury Car Hire

I usually get the Hire NEW Lamborghini Urus long and medium term | Primerent

Good luck!

*** Disclaimer: I am a shareholder in HTZ. I only buy at US$15 or below! The Hertz membership with President's Circle Status gives you tons of options and a 10% discount.

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