Method for repairing, maintaining and replacing selected equipment

A method for an owner of selected equipment to pay for the repair, maintenance and repair of the selected equipment via predetermined installment payments, said method comprising the steps of:

• providing a warranty for the repair of the selected equipment for a predetermined time period;
• financing the payment of said warranty;
• selecting a contractor for repairing the selected equipment pursuant to said warranty;
• contacting an owner of the selected equipment;
• verifying that the owner and the selected equipment satisfy preestablished conditions;
• and
• binding the owner and said contractor to a maintenance and replacement contract for the selected equipment, said maintenance and replacement contract requiring predetermined installment payments by the owner of the selected equipment into an account earmarked for maintaining and replacing the selected equipment, said maintenance and replacement contract requiring payments to said contractor for maintaining and replacing the selected equipment, said contractor payments being provided by said account earmarked for maintaining and replacing the selected equipment, said maintenance and replacement contract requiring a predetermined portion of said account to be paid to a user of said method.

A method for replacing selected equipment via installment payments, said method comprising the step of:

• selecting equipment for repair, maintenance and replacement;
• providing a repair warranty to an owner of the selected equipment;
• paying the cost of the warranty, a user of said method ultimately receiving a portion of said paid warranty;
• repairing the selected equipment when required;
• contracting for the maintenance and replacement of the selected equipment, said maintenance and replacement contract being executed by an owner of the selected equipment and a contractor, said contract being authorized by a user of said method;
• and
• paying for the maintenance and replacement of the selected equipment via installment payments from the owner of the selected equipment, said installment payments being held in a reserve account by a finance entity, a predetermined portion of said reserve account being paid to said user of said method, said contractor receiving a predetermined payment from said finance entity after said maintenance and replacement contract is executed by said owner and said contractor and authorized by said user.