VALUEpilot - METHOD AND APPARATUS FOR ESTIMATING A VALUE OF A VEHICLE
First Claim
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1. A method for generating an estimated value of a car, comprising the steps of:
- a) receiving a user query specifying at least the type of a car;
b) providing a database which comprises datasets having a car specification dataset specifying at least the type of the car and a car value field assigned to the respective car specification dataset representing the reference value of the car specified in the car specification dataset;
c) searching in the database to find one or more datasets matching the user query; and
d) calculating the estimated value of the car using the car value fields of the found datasets.
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Abstract
The present invention relates to a method for generating an estimated value of a car, comprising the steps of receiving a user query specifying at least the type of a car; providing a database which comprises datasets having a car specification dataset specifying at least the type of the car and a car value field assigned to the respective car specification dataset representing the reference value of the car specified in the car specification dataset; searching in the database to find one or more datasets matching the user query; and calculating the estimated value of the car using the car value fields of the found datasets.
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Citations
23 Claims
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1. A method for generating an estimated value of a car, comprising the steps of:
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a) receiving a user query specifying at least the type of a car; b) providing a database which comprises datasets having a car specification dataset specifying at least the type of the car and a car value field assigned to the respective car specification dataset representing the reference value of the car specified in the car specification dataset; c) searching in the database to find one or more datasets matching the user query; and d) calculating the estimated value of the car using the car value fields of the found datasets. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for generating and maintaining a database, comprising the steps of:
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k) receiving an input obtained from valuation systems, preferably car survey reports or car auctions; l) dividing the input into a car specification dataset specifying the type of car, a car value field assigned to the respective car specification dataset representing the market value of the car and optional supplementary data specifying the supplementary features of the car; m) obtaining predefined values specifying the value of supplementary features of the car in the dataset; n) calculating the reference value of the car specified in the dataset by subtracting the value of the supplementary features of the dataset from the market value of the car of the dataset; and o) storing the car specification dataset together with the calculated reference value of the car in the database. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21)
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22. System for generating an estimated value of a car comprising:
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a database for storing datasets comprising at least; a car specification dataset specifying at least the type of the car; a car value field assigned to the respective car specification dataset representing the reference value of the car specified in the car specification dataset; a car value estimating program being configured to; receive a user query; search in the database for one or more datasets matching the user query; calculate an estimated reference value of the car using the car value fields of the matching datasets.
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23. System for maintaining a database comprising:
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a database for storing datasets comprising at least; a car specification dataset specifying at least the type of the car; a car value field assigned to the respective car specification dataset representing the market value of the car; and supplementary data specifying the supplementary features of a car; a database maintenance program being configured to; receive an input obtained from valuation systems, preferably car survey reports or car auctions; obtain predefined values specifying the value of supplementary features of the car in the dataset; calculate the reference value of the car specified in the dataset by subtracting the value of the supplementary features of the dataset from the market value of the car of the dataset; and store the car specification dataset together with the calculated reference value of the car in the database.
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Specification