INSURANCE INCENTIVE PROGRAM FOR PROMOTING THE PURCHASE OR RELEASE OF AN AUTOMOBILE AFTER AN EXPIRATION OF A LEASE

• US 20110166894A1
• Filed: 03/16/2011
• Published: 07/07/2011
• Est. Priority Date: 08/24/2000
• Status: Active Grant

• Current Assignee: In The Car LLC
• Original Assignee: Jasper Jackson, Robert Wallach
• Inventors: Jackson, Jasper, Wallach, Robert
• Granted Patent: US 8,321,245 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 30/012 Providing warranty services
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0234 Rebates after completed purchase
• CPC Class Codes: G06Q 30/0645 Rental transactions; Leasing transactions
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A lessee of an item, such as an automobile, is encouraged to either purchase the automobile at the expiration of the lease, or to initiate a new lease for the same item. If the lessee undertakes a purchase or a new lease, a manufacturer of the item, or another party, provides insurance covering the item. The methods disclosed herein may be performed over a computer network, such as the Internet.

Claims

1. A method for encouraging the purchase or re-leasing of an item after an expiration of a lease, comprising:

identifying a lease on an item, the lease having an approaching expiration date;

identifying a customer corresponding to the lease; and

offering the customer a paid insurance policy in exchange for purchasing or re-leasing the item after the expiration date.

2-4. -4. (canceled)