Patent ID: 7689484
Filing Date: 2010-03-30
Classification: G06Q

Abstract:
1. A method for providing financing by a vehicle financing company for acquisition of a vehicle by a vehicle consumer, the method comprising: receiving a future interest in a vehicle by a vehicle financing company in consideration for a future interest price paid by the vehicle financing company upon transfer of a legal title in the vehicle to a vehicle consumer in consideration for a legal title price for a legal title term, the legal title price being an amount of money paid for a present possessory interest in the vehicle, wherein the receiving step is accomplished at least partially by utilizing an at least one computer and at least one computer network; providing financing by the vehicle financing company to the vehicle consumer for the legal title price of the vehicle; determining by the vehicle financing company via the at least one computer an unrestricted legal title price based on the future interest price and a balance of the financing provided by the vehicle financing company; receiving at or near the end of the legal title term the unrestricted legal title price; and transferring the future interest to the vehicle consumer so that the vehicle consumer receives the future interest and unrestricted legal title in the vehicle.