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US 8,510,191 B2Granted
Method and system for financing acquisition of vehicles
AssigneeFord Motor Company
InventorsChristopher Hall, Bradley Gayton, Bernie Johnson, John Polizzi, Michael Johnson
Life of this patent
Estimating the term…
Abstract
In one embodiment of the present invention, a method for financing acquisition of a vehicle is disclosed. The method comprises receiving a future interest in a vehicle in consideration for a future interest price upon transfer of a legal title in the vehicle in consideration for a legal title price.
Claims10
A computer-implemented system for transferring legal title in a vehicle, the system comprising an at least one computer, the at least one computer configured to:
- cause display of a website, the website including identification information and legal title information for a vehicle, the identification information including a vehicle make, a vehicle model and a vehicle year information, the legal title information including a legal title price and a legal title term;
- upon receiving input indicative of a decision by a buyer to acquire the vehicle, causing display of a form on the website, the form being at least partially completed with buyer information through the website;
- transmit the at least partially completed form to at least partially effectuate transfer of legal title to the buyer;
- effectuate transfer of the legal title in the vehicle in consideration for a legal title price while retaining a future interest in the vehicle for a vehicle dealership, the future interest having a vesting period;
- and
- effectuate transfer of the future interest to a vehicle financing company in consideration for a future interest price.
3 more elements
Dependencies are inferred from the claim text.