System and method for calculating vehicle service policies

• US 20060206248A1
• Filed: 03/11/2005
• Published: 09/14/2006
• Est. Priority Date: 03/11/2005
• Status: Abandoned Application

• Current Assignee: Charles Noussias, Jesse Arias
• Original Assignee: Charles Noussias, Jesse Arias
• Inventors: Arias, Jesse, Noussias, Charles
• Application Number:
  US11/078,133
• Publication Number:
  US 20060206248A1
• Time in Patent Office: Days
• US Class Current: 701/29
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

In accordance with the present invention, there is provided a method of calculating a service policy for a vehicle. The method comprises determining a number of miles driven by the vehicle and the condition of the vehicle. Furthermore, a mileage range for the vehicle is determined. The cost of the service police is calculated by a computer in response to the condition of the vehicle, the number of miles driven by the vehicle and the mileage range.

Claims

1. A method for calculating a cost of a service policy of a vehicle with a computer, the method comprising the steps of:

determining a number of miles driven by the vehicle;

determining a condition of the vehicle;

determining a mileage range for the vehicle; and

calculating the cost of the service policy with the computer in response to the number of miles driven, the condition of the vehicle and the mileage of the vehicle.

2. The method of claim 1 wherein the condition of the vehicle is determined by visually inspecting the vehicle.

3. The method of claim 2 wherein the condition of the vehicle is determined by analyzing the fluids of the vehicle.

4. The method of claim 1 wherein the number of miles driven by the vehicle is determined by calculating the frequency of trips.

5. The method of claim 1 wherein the mileage range for the vehicle is correlated to the number of miles driven by the vehicle.

6. The method of claim 1 wherein the mileage range of the vehicle includes the number of services to be performed on the vehicle.

7. The method of claim 1 wherein calculating the cost of the policy further comprises calculating the cost of a deductible.

8. The method of claim 1 wherein the cost of the policy further includes extended coverage.

9. The method of claim 8 wherein the cost of the extended coverage is determined from an analysis of the fluids of the vehicle.

10. The method of claim 1 wherein the vehicle is a passenger automobile.