Patent ID: 6263320
Filing Date: 2001-07-17
Classification: G06Q

Abstract:
A method of financing the acquisition of an automobile in a transaction between at least a first party and a second party, the method comprising the steps of:a) from time to time the first party establishing a list of a plurality of automobiles, each of the plurality having a desired, predetermined property, and each of which are then available for purchase;b) selling at least one financial product to the second party, who is 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 proceeds available to the potential owner at a maturity date later than a date of sale thereof; andc) requiring as a condition of selling the at least one financial product to the second party that the proceeds thereof on maturity be used to purchase for the potential owner an automobile then on the list.