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Want to pay in cash for your new car! How about paying for it in coins
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  • Want to pay in cash for your new car! How about paying for it in coins

Want to pay in cash for your new car! How about paying for it in coins

FP Staff • June 6, 2015, 20:27:55 IST
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Gan, who works at a petrol station in China, employed an unbelievable method to finance his new car. Find it shocking but he paid for his new car using 660,000 coins and 20,000 low value banknotes from his piggybank.

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Want to pay in cash for your new car! How about paying for it in coins

How will buy a new car? You will either take a loan, write a cheque, transfer the amount to the seller’s account or pay up in cash. If you choose to pay in cash the most usual way would be to pay in currencies of highest denominations. [caption id=“attachment_2283172” align=“alignleft” width=“380”] ![Coin power. AFP](https://images.firstpost.com/wp-content/uploads/2015/06/Dollar_Coins380AFP.jpg) Coin power. AFP[/caption] But Gan, who works at a petrol station in China, employed an unbelievable method to finance his new car. Find it shocking but he paid for his new car using 660,000 coins and 20,000 low value banknotes from his piggybank. “It took a lorry to drop off the payment of 680,000 coins, including 660,000 coins worth 1 yuan (0.1p), at a dealership in Liaoning province, east China. It took an hour for 10 workers at the car dealership just to empty the 1,320 bundles of coins from the van, let alone count the money."— Metro reported. And Gan of course could not carry the coins in his pocket. It weighed four tons in total. The patience of the seller was also no less as he was already forewarned about the unusual manner of payment. It would be least to say that it was a logistical nightmare although the cash was discreetly packed in small packets. “… employees needed more than an hour to move all the cash into the showroom. They then had the unenviable task of gathering it all up again and taking it to the bank."— the BBC said.

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