METHOD AND SYSTEM FOR PROVIDING A GUARANTEED OFFER PRICE FOR A VEHICLE
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United States of America Patent
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N/A
Issued Date -
Jan 5, 2012
app pub date -
Jul 2, 2010
filing date -
Jul 2, 2010
priority date (Note) -
Published
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Abstract
Methods and systems for generating a guaranteed offer price for a vehicle are disclosed. An appraisal device selects a price adjustment category for the vehicle from a set of stored price adjustment categories. The appraisal device determines a base value for the vehicle by modifying a market value of a vehicle type based on an amount corresponding to the selected price adjustment category. Modifiers are determined based on vehicle information received from the user computer and the price adjustment category selected from the data storage device. The modifier is limited to a threshold value. The appraisal device determines guaranteed offer price for the vehicle by combining the base value and the modifier values. An offer certificate is provided to the user that indicates the guaranteed offer price for the particular vehicle, which the appraiser is obligated to pay the dealer.

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- 15 United States
- 10 France
- 8 Japan
- 7 China
- 5 Korea
- 2 Other
Patent Owner(s)
Patent Owner | Address | |
---|---|---|
AUTOTRADER COM INC | 3003 SUMMIT BOULEVARD ATLANTA GA 30319 |
International Classification(s)
Inventor(s)
Inventor Name | Address | # of filed Patents | Total Citations |
---|---|---|---|
HOLLENSHEAD, Robert | Exton, US | 2 | 114 |
Reimel, Theodore | Wayne, US | 2 | 114 |
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Maintenance Fees
Fee | Large entity fee | small entity fee | micro entity fee | due date |
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Fee | Large entity fee | small entity fee | micro entity fee |
---|---|---|---|
Surcharge after expiration - Late payment is unavoidable | $700.00 | $350.00 | $175.00 |
Surcharge after expiration - Late payment is unintentional | $1,640.00 | $820.00 | $410.00 |
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