Method and apparatus for obtaining and using vehicle sales price data in performing vehicle valuations
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Dec 1, 2005
app pub date -
Jun 1, 2004
filing date -
Jun 1, 2004
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method determines a vehicle valuation by obtaining actual vehicle sales price data pertaining to automobile dealer or private individual sales from a local, state or federal government agency, such as a Department of Motor Vehicles (DMV), a Department of Revenue (DOR), an Internal Revenue Service (IRS), etc. and uses this actual sales price data to determine a market value for a particular automobile. The system and method may include determining, from sources other than the government agency, information about a particular comparable vehicle, such as the mileage, the options, the equipment, and the condition of a particular comparable vehicle prior to a sale of the vehicle and then attaching an actual sales price for the particular comparable vehicle as obtained from the government agency after the sale of the particular vehicle to thereby create a comparable vehicle within a database. If desired, the actual sales price data, as obtained from a government agency, may be used in conjunction with or instead of other vehicle pricing data obtained from other sources, such as the list price, an advertised price or a take price to determine a valuation for a particular vehicle.
First Claim
Family
International Classification(s)
Cited Art Landscape
Patent Citation Ranking
Recipient Email Address
Recipient Email Address
Comment
Recipient Email Address
Add to Portfolio(s)
To add this patent to one, or more, of your portfolios, simply click the add button.
This Patent is in these Portfolios:
Add to additional portfolios:
Last Refreshed On:
Changes done successfully