Method for financing the purchase of lawn care equipment and services

• US 20040162734A1
• Filed: 02/17/2003
• Published: 08/19/2004
• Est. Priority Date: 02/17/2003
• Status: Abandoned Application

• Current Assignee: Mtd Products Incorporated (Stanley Black & Decker, Inc.)
• Original Assignee: Mtd Products Incorporated (Stanley Black & Decker, Inc.)
• Inventors: Williams, Anthony, Kluck, Mark, Speece, Kenneth
• Application Number:
  US10/368,210
• Publication Number:
  US 20040162734A1
• Time in Patent Office: Days
• US Class Current: 705/1
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

A method for financing the purchase of outdoor equipment in conjunction with the purchase and financing of real estate is provided. A lending entity provides a mortgage loan amount to finance the real estate, and the purchase price of an item of outdoor equipment for maintaining the property is included in the mortgage loan amount.

Claims

1. A method of financing the purchase of outdoor power equipment in conjunction with the purchase and financing of an associated piece of real estate, the method comprising the steps of:

providing a mortgage loan amount for the associated piece of real estate;

providing at least a first associated item of outdoor equipment, the item having an associated purchase price; and

,

including the associated purchase price of the at least a first associated item of outdoor equipment in the mortgage loan amount.

2. The method of claim 1, wherein the method further comprises the steps of:

providing an associated lending entity to provide the mortgage loan amount; and

,

providing an associated supplier of the at least a first associated item of outdoor equipment.

3. The method of claim 2, wherein providing at least a first associated item of outdoor equipment, the item having an associated purchase price further comprises the step of:

providing at least a first associated item of outdoor power equipment, the item having an associated purchase price.

4. The method of claim 2, wherein the mortgage loan amount has an associated interest rate.

5. The method of claim 4, wherein the associated supplier and the associated lender entity are separate entities.

6. The method of claim 5, wherein the method further comprises the step of:

applying a mortgage lien to the associated first item of outdoor equipment.

7. The method of claim 1, wherein the method further comprises the steps of:

providing a lending entity to provide the mortgage loan amount; and

,

providing a supplier of the outdoor power equipment, the lending entity receiving a commission from the supplier based upon the sale of the outdoor power equipment.

8. The method of claim 1, wherein the method further comprises the steps of:

providing a lending entity to provide the mortgage loan amount; and

,

providing a supplier of the outdoor power equipment, the supplier receiving a commission from the lending entity based upon the recommendation by the supplier that an associated purchase utilize the lending entity for the mortgage loan.

9. The method of claim 2, wherein the method further comprises the step of:

providing a package deal, wherein the associated real estate and the associated outdoor equipment come together as a package.

10. A method of selling associated outdoor equipment for use in maintaining an associated item of real estate, the method comprising the steps of:

providing a an associated item of real estate;

providing at least a first item of outdoor equipment for use in maintaining the associated item of real estate;

providing a mortgage loan for the purchase of the associated item real estate and the at least a first item of outdoor equipment; and

,

providing a voucher for use in purchasing the at least a first item of outdoor equipment.

11. The method of claim 10, wherein the method further comprises the step of:

providing a supplier to supply the at least a fist item of outdoor equipment, the supplier accepting the voucher for purchase of the at least a first item of outdoor equipment.

12. The method of claim 11, wherein the method further comprises the step of:

applying a mortgage lien to the associated at least a first item of outdoor equipment.

13. The method of claim 12, wherein the associated at least a first item of outdoor equipment is chosen from the group comprising:

fertilizer spreaders, outdoor lighting, motion sensors, power tools, power blowers, air sweepers for lawn debris, power operated, tractor-towed impellers, lifts, tillers, cultivators, plows, vacuums, blowers, lawn sweepers, mulchers, riding mowers, walk-behind mowers, self-propelled mowers, side discharged mowers, convertible lawn mowers, rear discharge mowers, side-discharge high-wheel mowers, mulching mowers, electric mowers, chipper/shredders, front tine tillers, rear tine tillers, self-propelled tillers, edgers, snow throwers, track driver snow throwers, log splitters, commercial lawn mowers, riding sulkies, seated sulkies for lawn mowers, multi-purpose vacuum cleaners, lawn and garden tractors, and three-point tractor hitches.

14. The method of claim 12, wherein the method further comprises the step of:

providing a building contractor to facilitate the construction of the real estate property.

15. The method of claim 14, wherein the method further comprises the steps of:

wherein a percentage rate of the loan f to purchase the real estate is the same percentage rate of the loan for lending money to purchase the outdoor equipment; and

,

wherein the terms of the loan for the real estate is the same as the terms for the outdoor equipment.

16. The method of claim 10, wherein the method further comprises the steps of:

providing a lending entity to provide the mortgage loan amount; and

,

providing a supplier of the outdoor power equipment, the lending entity receiving a commission from the supplier based upon the sale of the outdoor power equipment.

17. The method of claim 10, wherein the method further comprises the steps of:

providing a lending entity to provide the mortgage loan amount; and

,

providing a supplier of the outdoor power equipment, the supplier receiving a commission from the lending entity based upon the recommendation by the supplier that an associated purchase utilize the lending entity for the mortgage loan.

18. A computer readable medium containing instructions for controlling a computer system to perform a method, the method comprising:

providing a mortgage loan amount for the associated piece of real estate;

providing at least a first associated item of outdoor equipment, the item having an associated purchase price; and

,

including the associated purchase price of the at least a first associated item of outdoor equipment in the mortgage loan amount.

19. The computer readable medium of claim 18, wherein the method further comprises the steps of:

providing an associated lending entity to provide the mortgage loan amount; and

,

providing an associated supplier of the at least a first associated item of outdoor equipment.

20. The computer readable medium of claim 19, wherein providing at least a first associated item of outdoor equipment, the item having an associated purchase price further comprises the step of:

providing at least a first associated item of outdoor power equipment, the item having an associated purchase price.

21. The computer readable medium of claim 19, wherein the mortgage loan amount has an associated interest rate.

22. The computer readable medium of claim 21, wherein the associated supplier and the associated lender entity are separate entities.

23. The computer readable medium of claim 22, wherein the method further comprises the step of:

applying a mortgage lien to the associated first item of outdoor equipment.

24. The computer readable medium of claim 18, wherein the method further comprises the steps of:

providing a lending entity to provide the mortgage loan amount; and

,

providing a supplier of the outdoor power equipment, the lending entity receiving a commission from the supplier based upon the sale of the outdoor power equipment.

25. The computer readable medium of claim 18, wherein the method further comprises the steps of:

providing a lending entity to provide the mortgage loan amount; and

,

providing a supplier of the outdoor power equipment, the supplier receiving a commission from the lending entity based upon the recommendation by the supplier that an associated purchase utilize the lending entity for the mortgage loan.