US Patent No: 5,774,883

Number of patents in Portfolio can not be more than 2000

Method for selecting a seller's most profitable financing program

2 Status Updates

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ATTORNEY / AGENT: (SPONSORED)
 

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Abstract

A transaction management system and method of validating the sale of an asset. The system may be used by a vehicle dealership to evaluate a customer's credit risk, budgetary factors, and profitability of the sale during negotiations for sale of a vehicle, thereby facilitating the sale from both the customer's and dealership's point of view by properly structuring the transaction. The system enables the dealer to pool front-end and back-end profit items to maximize profits. The system performs expert functions to funnel the customer's credit information into a best fit with one of a plurality of specific finance program tiers.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
AUTO DATA, INC.SANTA ANA, CA1

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Andersen, Lloyd R 23 Ridgeline Dr., Newport Beach, CA 92660 1 211
Smith, Gregory P 3941 E. South Bristol, #374, Santa Ana, CA 92704 7 254

Cited Art

Patent Info (Count) # Cites Year
 
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FINANCEAMERICA CORPORATION (1)
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HOME ACCOUNT NETWORK, INC. (1)
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ROYAL BANK OF CANADA, AS COLLATERAL AGENT (1)
4,736,294 Data processing methods and apparatus for managing vehicle financing 139 1987
 
THE UNITED STATES OF AMERICA AS REPRESENTED BY THE SECRETARY OF THE NAVY (1)
5,180,309 Automated answer evaluation and scoring system and method 145 1990
 
TRANS TEXAS HOLDINGS CORPORATION (1)
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4,876,648 System and method for implementing and administering a mortgage plan 228 1988
 
VISA INTERNATIONAL SERVICE ASSOCIATION (1)
4,812,628 Transaction system with off-line risk assessment 318 1987

Patent Citation Ranking

Forward Cites

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OTHER [CHECK PATENT PROFILE FOR ASSIGNMENT INFORMATION] (1)
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