With such an opportunity to spend btc to buy luxury cars-
*Will you be willing to spend your btc to buy car from Honda? Or any other automobile company that will follow the Honda's part?
No, Bitcoin is my investment and I definitely don’t want to exchange it to a liability such as car that depreciates value over time. Exchanging fiat to Bitcoin will charge tons fee considering the amount involved is equals car value.
I’d rather use fiat or car loan to pay it slowly instead of liquidating my Bitcoin investments just to purchase car. This payment method is interesting if they can provide discounts exclusive for Bitcoin payment. With this benefits, I might spend my Bitcoin but in terms basis not one-time payment because I value my Bitcoin investments.
But you may have a choice to use it directly if you want to buy cars from them since sometimes its eating up our time and we need to deal with certain fees if we want to cashout our money then use fiat to buy car. And for this adoption they do it made easier to bitcoin and ethereum users to deal easily with them. Its up to you if this idea is not ideal. But for other who save just to have money to use to buy their first or extra car then they have now a good option to choose.
I wonder what next big companies will announce it since Honda is big manufacturing company. For sure there are more companies will follow the steps they do especially if this will result to huge sales to them.