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System and method for soliciting bids

  • US 20020082978A1
  • Filed: 10/01/2001
  • Published: 06/27/2002
  • Est. Priority Date: 09/29/2000
  • Status: Abandoned Application
First Claim
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1. A method of auctioning motor vehicles and establishing a contract of sale over a distributed computing network, comprising the steps of:

  • (a) providing a prospective buyer with inventory data relating to a plurality of motor vehicles from which the prospective buyer selects a motor vehicle to purchase, wherein the inventory data further includes a plurality of customizable options for each motor vehicle in the plurality of motor vehicles from which the prospective buyer may selectively prefer one or more customizable options;

    (b) receiving and storing buyer data in a database relating to the prospective buyer and the motor vehicle the prospective buyer selects to purchase;

    (c) receiving and storing offer data in a database from the sellers relating to the motor vehicle the prospective buyer selects to purchase;

    (d) communicating the offer data to the prospective buyer, the offer data including an offer to sell a motor vehicle to the prospective buyer at an offer price, wherein the offered motor vehicle is the same as the motor vehicle the prospective buyer selects and includes at least one customizable option that substantially correspond with at least one of the one or more customizable options selectively preferred by the prospective buyer;

    (e) receiving and storing response data from the prospective buyer in a database, wherein the response data includes an acceptance or rejection of the offered motor vehicle at the offer price; and

    (f) communicating the response data to the sellers.

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