Automobile acquisition financing method and data processing system therefor
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Jul 17, 2001
Grant Date -
N/A
app pub date -
Dec 21, 1998
filing date -
Dec 21, 1998
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A method of financing the acquisition of an automobile, the method comprising the steps of: (a) from time to time establishing a list of a plurality of automobiles; and (b) selling at least one financial product to a person selected from the group consisting of a potential owner of an automobile on the list and a third party who identifies the potential owner as a beneficiary of the at least one financial product, the at least one financial product having a maturity date later than a date of sale thereof and the financial product having as a condition of sale the requirement for any proceeds thereof on maturity to be used to purchase an automobile then on the list. Preferably, the method further comprises the step of: (c) at the maturity date selling an automobile then on the list to the potential owner, the seller being selected from the group consisting of an automobile manufacturer, a dealer of an automobile manufacturer and an agent of an automobile manufacturer.
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