Hodl since early.

I bought a Bitcoin on local bitcoins back in the day. It was a standard bank transfer into the sellers bank account.

Since then I transferred it into a paper wallet and then eventually into a ledger.

So technically the bitcoin has never been verified on any of the exchanges.

Now I'm looking to use some off it to potentially get a car.

If I am gonna try to buy a car privately from a seller and he will accept a bitcoin. So let's say I just send it to his kraken account. I get the car he cashes it out.

Would I be in the clear for capital gains or am I living in the dream land?

Is there things I should consider before doing this?

I understand that purchasing with cryptocurenncy is a taxable event. Although I believe my bitcoin is kind of in the ether as it hasn't been on any of the exchanges and is in no way shape or form trackable back to me. (I believe)

Any tips would be appreciated on how to best approach this. Thanks.