Motor Vehicle
Lucid protects vehicle transactions by holding funds until delivery and verified ownership transfer.
How It Works
AgreementBuyer and Seller agree on terms via lucid
EscrowBuyer deposits funds
DeliverySeller ships vehicle and transfers ownership
AcceptanceAcceptance is automatic upon Buyer's verification of ownership transfer
DisbursementLucid disburses funds automatically to Seller
Ideal For:
- Vehicle buyers and sellers
- Dealers
- Cross-border vehicle sales
Benefits:
- Protection from fake titles
- Secured payment
Lucid's Role:
- Releases funds to the seller only after the buyer confirms vehicle condition and ownership transfer or the set transaction conditions
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