🚗Vehicles

Alright can make it safer and easier to buy or sell vehicles

Alright is a better way to buy and sell vehicles such as cars, bikes, motorcycles, boats, etc. when you need to feel safe meeting in person and secure that you are getting what was described.

Example Workflow

Beth wants to buy a car from Dave. Based on the information provided about the car and its condition, they agree on a price and a day to meet for the exchange.

To keep them both honest, they each put up a security deposit--perhaps a portion of the payment amount given the total sum involved. The payment and security deposits are sent to Alright's smart contract, and when the details match, Alright locks them in.

Beth feels confident taking delivery of the car from Dave because he now has collateral locked in the deal, and she doesn't need to bring a large amount of money on her person to make the purchase. Dave can also feel safe delivering the car because Beth has her collateral locked in the deal, the full payment amount is in escrow, and he also doesn't need to handle a large sum of money in person.

Dave presents the car to Beth for her to inspect and test drive, and Beth is satisfied that everything is in good order. As soon as she approves, her payment is forwarded to Dave and they both receive their collateral back.