Sunday, June 14, 2009

BMW Tries Patenting Concept of Auto Leasing

Below is an excerpt from this recent patent application by BMW entitled "SYSTEM AND METHOD FOR SELLING ALTERNATIVE FUEL VEHICLES" :

An alternative fuel vehicle is provided to a consumer at an initial purchase price or lease rate which is subsidized by the vehicle manufacturer or financing institution. In one embodiment, the vehicle purchaser is then charged a periodic user fee that is a function of both the distance driven over some predetermined period of time and an applicable unit rate.

It seems that the Supreme Court's forthcoming ruling in In re Bilski may have some impact on how effective BMW will be in enforcing this novel concept.

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