Automatic lease residual management system
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United States of America Patent
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-
Dec 31, 2002
Grant Date -
N/A
app pub date -
Aug 31, 1999
filing date -
Aug 31, 1999
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method of predicting a net reserve for a vehicle leased by a lessee from a lessor in accordance with a lease, the method comprising the acts of: predicting a market value loss of the vehicle at a scheduled maturity date of the lease, the predicted market value loss being a function of: (i) a probability that the vehicle will be returned to the lessor after the lease; (ii) at least one predicted price at which the vehicle may sell after the lease; and (iii) a residual value of the vehicle, the residual value being an aggregate of at least a projected price of the vehicle at the scheduled maturity date made prior to the lease and an enhancement amount; and obtaining the net reserve of the vehicle as a function of the predicted market value loss.
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