WO2001071458A3 - On-line vehicle appraisal system - Google Patents

On-line vehicle appraisal system Download PDF

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Publication number
WO2001071458A3
WO2001071458A3 PCT/US2001/009057 US0109057W WO0171458A3 WO 2001071458 A3 WO2001071458 A3 WO 2001071458A3 US 0109057 W US0109057 W US 0109057W WO 0171458 A3 WO0171458 A3 WO 0171458A3
Authority
WO
WIPO (PCT)
Prior art keywords
vehicle
line
value
appraisal
lease
Prior art date
Application number
PCT/US2001/009057
Other languages
French (fr)
Other versions
WO2001071458A9 (en
WO2001071458A2 (en
Inventor
Theodore L Reimel Iii
Hilary S Green
Original Assignee
Greentree Automotive Inc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Greentree Automotive Inc filed Critical Greentree Automotive Inc
Publication of WO2001071458A2 publication Critical patent/WO2001071458A2/en
Publication of WO2001071458A3 publication Critical patent/WO2001071458A3/en
Publication of WO2001071458A9 publication Critical patent/WO2001071458A9/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/06—Buying, selling or leasing transactions

Abstract

A web site and an associated business method that enables on-line appraisal of a particular vehicle and assigns an actual cash value to that particular vehicle so that the actual trade-in value may be included as part of the on-line purchase of another new or used vehicle. A mechanism is provided whereby on-line vehicle retailers may take into account the value of used vehicle trade-ins so that the entire vehicle purchasing transaction may be completed on-line from the comfort of the purchaser's home. The web site prompts the customer to input all of the information that is needed to make a complete appraisal, including detailed vehicle condition information, and provides a value that is accurate for the customer's vehicle. Once the appraisal is complete, a comprehensive summary page or 'certificate' is printed that is submitted as part of the on-line purchase transaction. Then, when the new vehicle is delivered, the summary sheet is compared to the actual vehicle provided for trade-in and any final adjustments based on objective criteria are made as appropriate. The vehicle appraisal web site of the invention may also be used to perform inventory management of used vehicles, including providing a method of charging the lessee of each vehicle returned from lease for the differential between (a) the difference between the pre-lease and post-lease condition reports and (b) the lease value paid. On-line sales of used vehicles may also be facilitated by posting the condition reports on a web site with at least one picture of the used vehicle for sale.
PCT/US2001/009057 2000-03-21 2001-03-21 On-line vehicle appraisal system WO2001071458A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US53235100A 2000-03-21 2000-03-21
US09/532,351 2000-03-21

Publications (3)

Publication Number Publication Date
WO2001071458A2 WO2001071458A2 (en) 2001-09-27
WO2001071458A3 true WO2001071458A3 (en) 2002-07-18
WO2001071458A9 WO2001071458A9 (en) 2002-12-19

Family

ID=24121421

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/009057 WO2001071458A2 (en) 2000-03-21 2001-03-21 On-line vehicle appraisal system

Country Status (1)

Country Link
WO (1) WO2001071458A2 (en)

Families Citing this family (20)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US8005759B2 (en) 2006-08-17 2011-08-23 Experian Information Solutions, Inc. System and method for providing a score for a used vehicle
DE102008005465A1 (en) * 2008-01-21 2009-07-23 Christof Gerhard Automated sales support method for seller of used car, involves producing data sheet, which comprises selling price, in form of price tag, and transmitting data sheet via data transmission network to seller
US8560161B1 (en) 2008-10-23 2013-10-15 Experian Information Solutions, Inc. System and method for monitoring and predicting vehicle attributes
US20120005108A1 (en) * 2010-07-02 2012-01-05 Buybook Technology, Inc. Method and system for providing a guaranteed offer price for a vehicle
US11301922B2 (en) 2010-11-18 2022-04-12 AUTO I.D., Inc. System and method for providing comprehensive vehicle information
US10977727B1 (en) 2010-11-18 2021-04-13 AUTO I.D., Inc. Web-based system and method for providing comprehensive vehicle build information
US9147217B1 (en) 2011-05-02 2015-09-29 Experian Information Solutions, Inc. Systems and methods for analyzing lender risk using vehicle historical data
US8595082B2 (en) 2011-10-18 2013-11-26 Autotrader.Com, Inc. Consumer-to-business exchange marketplace
US20140058618A1 (en) * 2012-08-22 2014-02-27 Zubie, Inc. Methods and systems for vehicle valuation from obd based operation data
CN103049498A (en) * 2012-12-07 2013-04-17 王志欣 Method for recognizing vehicle type through vehicle identification number (VIN)
US20160012539A1 (en) * 2014-07-10 2016-01-14 Audatex North America, Inc. Mobile total loss vehicle evaluation system
US10580054B2 (en) 2014-12-18 2020-03-03 Experian Information Solutions, Inc. System, method, apparatus and medium for simultaneously generating vehicle history reports and preapproved financing options
WO2017197444A1 (en) * 2016-05-20 2017-11-23 Algodriven Limited Systems and methods for determining attributes of motor vehicles
US10409867B1 (en) 2016-06-16 2019-09-10 Experian Information Solutions, Inc. Systems and methods of managing a database of alphanumeric values
US11210276B1 (en) 2017-07-14 2021-12-28 Experian Information Solutions, Inc. Database system for automated event analysis and detection
US10740404B1 (en) 2018-03-07 2020-08-11 Experian Information Solutions, Inc. Database system for dynamically generating customized models
US10565181B1 (en) 2018-03-07 2020-02-18 Experian Information Solutions, Inc. Database system for dynamically generating customized models
US11157835B1 (en) 2019-01-11 2021-10-26 Experian Information Solutions, Inc. Systems and methods for generating dynamic models based on trigger events
US11430020B1 (en) * 2019-12-12 2022-08-30 Amazon Technologies, Inc. Techniques for determining an item condition metric
US20220027963A1 (en) * 2020-07-23 2022-01-27 Allstate Insurance Company Vehicle Valuation Engine to Determine Valuation Based on Usage and Fault History

Citations (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5493490A (en) * 1992-05-05 1996-02-20 Clear With Computers, Inc. Electronic proposal preparation system for selling vehicles
ZA9810043B (en) * 1997-11-03 1999-05-05 Meadnet Proprietary Limited Vehicle valuation
US20010007971A1 (en) * 2000-01-12 2001-07-12 Hideo Okada Device and method of calculating a residual value of an apparatus based on a history of use of the apparatus as well as an electrical apparatus including the device
US20010034700A1 (en) * 2000-02-29 2001-10-25 Foss Donald A. Vehicle leasing and customer credit rehabilitation system and method
US20010044769A1 (en) * 2000-03-06 2001-11-22 Chaves Jimmy Bernard Motor vehicle dealer e-tailing
US20010049653A1 (en) * 1999-12-22 2001-12-06 Sheets Monty D. System for matching customers with products in inventory
US20020020643A1 (en) * 1996-06-05 2002-02-21 Stefan Kleine-Moellhoff Data medium package and a method for producing a data medium package

Patent Citations (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5493490A (en) * 1992-05-05 1996-02-20 Clear With Computers, Inc. Electronic proposal preparation system for selling vehicles
US20020020643A1 (en) * 1996-06-05 2002-02-21 Stefan Kleine-Moellhoff Data medium package and a method for producing a data medium package
ZA9810043B (en) * 1997-11-03 1999-05-05 Meadnet Proprietary Limited Vehicle valuation
US20010049653A1 (en) * 1999-12-22 2001-12-06 Sheets Monty D. System for matching customers with products in inventory
US20010007971A1 (en) * 2000-01-12 2001-07-12 Hideo Okada Device and method of calculating a residual value of an apparatus based on a history of use of the apparatus as well as an electrical apparatus including the device
US20010034700A1 (en) * 2000-02-29 2001-10-25 Foss Donald A. Vehicle leasing and customer credit rehabilitation system and method
US20010044769A1 (en) * 2000-03-06 2001-11-22 Chaves Jimmy Bernard Motor vehicle dealer e-tailing

Non-Patent Citations (7)

* Cited by examiner, † Cited by third party
Title
"kbb.com - guiding the car buyer", KBB.COM, pages 1, XP002908353, Retrieved from the Internet <URL:http://www.kbb.com/> *
DATABASE DERWENT [online] DUCHEN ET AL.: "System for assisting user in determining valuation of motor vehicle for trade-in, re-sale, insurance or financing purposes...", XP002908354, accession no. WEST Database accession no. 1999-508981 *
DATABASE PGPB [online] CHAVES: "Motor vehicle dealer e-tailing", XP002908468, accession no. WEST *
DATABASE PGPB [online] CHAVES: "On-line motor vehicle sales", XP002908470, accession no. WEST *
DATABASE PGPB [online] FOSS ET AL.: "Vehicle leasing and customer credit rehabilitation system and method", XP002908467, accession no. WEST *
DATABASE PGPB [online] OKADA: "Device and method of calculating a residual value of an apparatus based on a history of use of the apparatus as well as an electrical apparatus", XP002908466, accession no. WEST *
DATABASE PGPB [online] SHEETS: "System for matching customers with products in inventory", XP002908469, accession no. WEST *

Also Published As

Publication number Publication date
WO2001071458A9 (en) 2002-12-19
WO2001071458A2 (en) 2001-09-27

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