Frequently Asked Questions
General Questions
What is a Bitcoin Fusion Auto Loan?
A Bitcoin Fusion Auto Loan is an innovative financing solution that combines traditional auto lending with Bitcoin accumulation. You make slightly higher monthly payments, with the extra amount being used to purchase Bitcoin, which you receive upon successful loan completion.
How is this different from a traditional auto loan?
Unlike traditional auto loans where interest is purely an expense, our Bitcoin Fusion loans allow you to potentially offset interest costs through Bitcoin appreciation. You'll pay slightly more monthly, but receive Bitcoin at loan completion.
What happens to my Bitcoin if I default on the loan?
If you default on the loan, you forfeit both the vehicle and any accumulated Bitcoin. It's crucial to ensure you can maintain the monthly payments throughout the loan term.
Bitcoin Allocation
How much Bitcoin allocation can I choose?
You can allocate up to 20% of your monthly payment toward Bitcoin purchases. This percentage is added to your base monthly payment.
Who holds the Bitcoin during the loan term?
Pyrus Financial securely custodies the Bitcoin until loan completion. Upon successful payoff, the full Bitcoin amount is transferred to you along with your vehicle title.
Can I change my Bitcoin allocation during the loan?
Currently, the Bitcoin allocation percentage is fixed at the start of the loan and cannot be modified during the loan term.
Loan Details
What loan terms are available?
We offer loan terms of 24, 36, 48, 60, and 72 months. The specific terms available may depend on the loan amount and your qualifications.
Can I pay off my loan early?
Yes, you can pay off your loan early. Your accumulated Bitcoin will be transferred to you upon full loan payoff, regardless of when that occurs.