Dealer-located vehicle refinance system and method
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United States of America Patent
Stats
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N/A
Issued Date -
Jun 29, 2006
app pub date -
Dec 28, 2004
filing date -
Dec 28, 2004
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method relates to refinancing a vehicle at a vehicle dealer location. The method can include obtaining vehicle information at a dealer location for a vehicle that is financed to an owner with a first loan, providing a promissory note and security agreement for a second loan on the vehicle at the dealer location, obtaining a proof of payoff at the dealer location for the first loan, and completing a title application at the dealer location where the title application includes a financial institution as a lien holder on the second loan.
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