USED MOTOR VEHICLE PRICING SYSTEM

摘要

A method and system of presenting used motor vehicle pricing information to a data user. In addition to previously available information, new data are gathered including historical data regarding the asking price and sale price of the specific vehicle and similar vehicles. By obtaining and presenting used-car pricing and actual sold pricing information for similar vehicles along with the specific historical data elements for a specific used vehicle, modified in accordance with certain algorithms and methodologies, valuable pricing information can be made available to vehicle purchasers lending institutions, insurance companies, and others involved in transactions related to used vehicles.

主权项

1. A method of providing a projected motor vehicle price (PVPn) for use in financial transactions involving a particular used motor vehicle including the steps of:
collecting data related to pricing of used motor vehicles similar the particular used vehicle, collecting additional historical price data for the particular vehicle including one or more of, an asked for price, a sales price, a private sale price, a dealership price, and an auction price, and estimating the value of the particular used motor vehicle by evaluating those collected data related to pricing and those collected additional historical price data and applying weighting factors to those data to calculate the projected vehicle pricing value (PVPn).