Patents Assigned to Devonshire Promotions Limited
  • Patent number: 6263320
    Abstract: A method of financing the acquisition of an automobile, the method comprising the steps of: (a) from time to time establishing a list of a plurality of automobiles; and (b) selling at least one financial product to 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 a maturity date later than a date of sale thereof and the financial product having as a condition of sale the requirement for any proceeds thereof on maturity to be used to purchase an automobile then on the list. Preferably, the method further comprises the step of: (c) at the maturity date selling an automobile then on the list to the potential owner, the seller being selected from the group consisting of an automobile manufacturer, a dealer of an automobile manufacturer and an agent of an automobile manufacturer.
    Type: Grant
    Filed: December 21, 1998
    Date of Patent: July 17, 2001
    Assignee: Devonshire Promotions Limited
    Inventors: Marija J Danilunas, Diana Soltmann