Data processing methods and apparatus for managing vehicle financing

Patent 4736294 Issued on April 5, 1988. Estimated Expiration Date:

June 23, 2007. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Abstract Claims Description Full Text

Patent References

Transaction execution system with improved key function versatility Patent #: 4319336
Issued on: 03/09/1982
Inventor: Anderson , et al.

Inventors

Assignee

The Royal Bank of Canada

Application

No. 07/065176 filed on 06/23/1987

US Classes:

705/38, Credit (risk) processing or loan processing (e.g., mortgage)235/379, Banking systems700/90SPECIFIC APPLICATION, APPARATUS OR PROCESS

Examiners

Primary: Smith, Jerry
Assistant: Tbui, Kim Thanh

Attorney, Agent or Firm

International Class

G06Q 40/00 (20060101)

Abstract

Data processing methods and apparatus for managing vehicle financing are disclosed. The data processing system provides information to assist in granting a loan applicant credit, processes the loan, and determinates at the time of making the loan a residual value of the vehicle at a predetermined option date.

Other References

Mid-Continent Banker; "Bank's Balloon-Note Financing Makes Auto Loans Affordable"; Dec. 1984
James Monroe, "Balloon Financing: Will It Float or Bust"; pp. 1-2
Mid-Continent Banker; "Balloon Loan Financing as Alternate to Leasing", Dec. 1985
Bankers Research, "Auto Leasing/Balloon Financing", Aug. 1985, pp. 2-5