Patent ID: 8078525
Filing Date: 2011-12-13
Classification: G06Q

Abstract:
1. A method for serving a lender concerning a loan transaction between the lender and a borrower, wherein the borrower is purchasing a motor vehicle from a seller, the method comprising: providing a computerized calculation system that the lender can access to make an automatic calculation that determines a loan amount, wherein the calculation comprises calculation of an expense for a purchase of a motor vehicle, wherein the expense comprises at least one of sales tax, cost of registration, cost of license plates and cost of public recordation of a lien on title and the expense is included in the loan amount; prompting the lender to enter information into the computerized calculation system concerning the transaction; preparing documents for the borrower; providing the documents to the borrower; receiving the documents back from the borrower; advising the client concerning the transaction, and submitting required documents to a department of motor vehicles or similar agency, wherein the required documents are for at least one of paying a tax, applying for a certificate of title for ownership of the motor vehicle, obtaining license plates where required or publicly recording a lien for the loan amount.