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METHOD AND SYSTEM FOR NEGOTIATING, GENERATING, DOCUMENTING, AND FULFILLING VENDOR FINANCING OPPORTUNITIES

  • US 20150161583A1
  • Filed: 12/10/2014
  • Published: 06/11/2015
  • Est. Priority Date: 12/10/2013
  • Status: Active Grant
First Claim
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1. A method for managing a financing or lease of a product, the method executing on a computing device including a processor, a display unit, a transmitting unit, a user input device that is configured to accept inputs from a user, and a storage device storing executable instructions which when executed by the processor of the computing device perform the method, the method comprising:

  • receiving, from an input by the user input device, a price of the product to be financed or leased;

    receiving, from an input by the user input device, an amount of the price of the product to be financed;

    selecting, by an input of the user input device, a rate card;

    determining, by the processor, a current finance rate based upon the rate card that is selected;

    selecting, by an input of the user input device, a purchase option for the product and/or service;

    selecting, by an input of the user input device, a total term of the financing or lease that will be made to purchase or lease the product and/or service;

    determining, by the processor, a payment amount for the product based on the inputted price of the product to be financed or leased, the amount of the price of the product to be financed, the current finance rate, the purchase option selected, and the total term of the financing or lease selected; and

    displaying the payment amount that is determined on the display unit.

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