In China, a man went into a car dealer showroom in Shenyang to buy a brand new car. He did pay the full price for the vehicle with coins and only a few bank notes. As you can imagine, this turned A LOT of heads in the dealership. If you want to get a new car, without all the hassle, you could check out a vehicle finance calculator. This will allow you to pay in monthly instalments, leaving you money for the better things in life! Paying full price can be daunting in itself, but imagine paying full price in coins. In America, not many would think about paying that much for used cars in Kansas or anywhere else using that method. We can only hope that he was able to get gap insurance once he made this purchase since it covers his car once it begins to depreciate – see more about gap insurance at https://www.insurancequotes.com/auto/auto-insurance-gap.
The buyer used that pile of coins to purchase a SUV that cost $109,700 (680,000 yuan). He paid $106,480 (660,000 yuan) with coins and the rest of the amount with small bank notes. Buying a car can be difficult for someone in Gan’s position, so the fact that he was able to get the car, even if he used loose change to do so would be commendable. One can only imagine what would have happened if he needed to use a car shipping service to get his car home!
Gan said that he was saving the money over the years. Because he works in a gas station, he would most often receive payments in small coins and small denominations notes. “Our station is in the suburbs, there are very few banks. So we didn’t deposit the coins and decided to use them to buy a car for our company,” he said, according to the BBC.
In order to be considerate, Gan took care to tell the car dealership about his method of payment ahead of time. He feared to be turned away, but the car dealer gladly accepted it and was prepared for his arrival with weighing scales and a full-service staff, according to News Corp Australia.
Chinese media reported that this is not an unusual event in China to pay big tickets items with large hoard of coins. The down payment for an apartment was paid by a man in Fujian using 100,000 coins, and a woman in Zhengzhou paid for a BMW in a manner similar to Gan, according to World Car Fans.