Consumer-to-Business Exchange Auction
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United States of America Patent
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N/A
Issued Date -
N/A
app pub date -
Aug 21, 2013
filing date -
Oct 18, 2011
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
Systems and methods for implementing an item exchange service are usable to aid users in exchanging old items for newer items. According to one embodiment, a system can be operable to receive a request to offer a vehicle in an auction, calculate a base exchange value for the vehicle and provide, to one or more vehicle resellers, auction information associated with the vehicle. Additionally, the system may be configured to receive an exchange bid for the vehicle, determine a final exchange value of the vehicle, and provide the final exchange value of the vehicle to a seller of the vehicle. Further, the system may be configured to allow the seller to determine a course of action regarding disposing of the vehicle after conclusion of the exchange auction.
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