METHOD AND APPARATUS FOR ESTIMATING VALUE OF A DAMAGED VEHICLE

• US 20110313936A1
• Filed: 06/17/2011
• Published: 12/22/2011
• Est. Priority Date: 06/18/2010
• Status: Abandoned Application

• Current Assignee: Insurance Auto Auctions Incorporated (RB Global, Inc.)
• Original Assignee: Insurance Auto Auctions Incorporated (RB Global, Inc.)
• Inventors: Sieger, Joseph Michael
• Application Number:
  US13/162,844
• Publication Number:
  US 20110313936A1
• Time in Patent Office: Days
• US Class Current: 705/306
• CPC Class Codes: G06Q 10/083 Shipping
• CPC Class Codes: G06Q 30/0278 Product appraisal
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A method and apparatus by which a user who wishes to sell a used or damaged vehicle inputs information about the vehicle including make, model and year. The user is shown images of similar vehicles with various degrees of damage and is shown a purchase price at each level of damage. The purchase prices for the displayed vehicles are calculated to include auction price of the vehicle, regional price differences, title transfer costs, towing costs, etc. By selecting an image of a vehicle with damage as the vehicle to be sold, the user may sell the vehicle at that price. An agent embodiment shows images, prices and percentiles of damaged vehicles at different damage levels so that the agent may determine a price to be offered to the seller for a vehicle.

Claims

1. A method for valuing used or damaged vehicles, comprising the steps of:

receiving a user access at a computer system;

receiving a user indication of a vehicle identity of a user vehicle at the computer system;

displaying an image of a vehicle corresponding to the vehicle identity, the displayed image showing a vehicle with a degree of damage, the displayed image being displayed on a display device connected to the computer system;

receiving an input from the user as to whether the user vehicle has less damage or more damage than the degree of damage shown in the displayed image, the input being received by the computer system; and

determining a price for a damaged vehicle from the user input, the price determination being performed by the computer system;

transmitting the price to the user from the computer system.

2. A method as claimed in claim 1, wherein said displayed image is a first displayed image and said degree of damage is a first degree of damage, and further comprising the steps of:

after said step of receiving the input from the user as to whether the user vehicle has less damage or more damage than the first degree of damage shown in the first displayed image, displaying a second image of a vehicle having a second degree of damage that is different than said first degree of damage; and

receiving an input from the user as to whether the user vehicle has less damage or more damage than the second degree of damage shown in the second image.

3. A method as claimed in claim 2, wherein the second image shows a vehicle having a lesser degree of damage than the vehicle shown in the first image if the user indicates that the user vehicle has less damage than the first image;

and

wherein said second image shows a vehicle having a greater degree of damage than the vehicle shown in the first image if the user indicates that the user vehicle has more damage than the first image.

4. A method as claimed in claim 1, further comprising the step of:

receiving a user input that a vehicle shown in the displayed image has about a same degree of damage as said user vehicle.

5. A method as claimed in claim 1, wherein the user indication of the vehicle identity includes a vehicle make and model year and wherein the vehicle shown in the displayed image is approximately the make and model year of the user indication.

6. A method as claimed in claim 1, wherein the user indication of the vehicle identity includes a vehicle identification number of the user vehicle.

7. A method as claimed in claim 1, wherein said step of displaying the image of the vehicle corresponding to the vehicle identity includes the step of:

obtaining the image for display from a database of images of damaged vehicles, said database including an indication of vehicle identity and a degree of damage for the images of the damaged vehicles.

8. A method as claimed in claim 7, wherein said database includes images of a plurality of different vehicle models, said database including images showing a plurality of different degrees of damage for each of a predetermined number of different vehicle models.

9. A method as claimed in claim 1, wherein the user accesses the computer system over the Internet.

10. A method as claimed in claim 9, wherein said user accesses the computer system via the World Wide Web.

11. A method as claimed in claim 1, wherein the computer system receives an indication from the user of a location of the user.

12. A method as claimed in claim 1, further comprising at step of:

receiving a user indication of damage to the user vehicle.

13. A method as claimed in claim 12, wherein said user indication of damage includes at least one item of information selected from the set of information consisting of:

an identification of a cause of damage, an identification of a location of the vehicle of the damage, and an operating condition of the vehicle,

14. A method as claimed in claim 1, wherein the user identification of the user vehicle includes indicating possession of a key for the vehicle, indicating possession of ownership documents, whether the vehicle can start, and whether the vehicle can be driven.

15. A method as claimed in claim 1, further comprising the step of:

arranging pick-up of the user vehicle after the determination of the price.

16. A method as claimed in claim 1, further comprising the step of:

transmitting a confirmation to the user of determinations obtained.

17. A method as claimed in claim 1, wherein said determining the price of the vehicle includes:

determining an auction price of an illustrated vehicle;

factoring into the auction price at least one of;

time factors, regional price factors, title transfer costs, and towing costs based on user input to obtain a modified auction price; and

including a margin with the modified auction price to obtain the price shown to the user.

18. A method for valuing used or damaged vehicles, comprising the steps of:

receiving a user access at a computer system;

receiving a user indication of a vehicle identity of a vehicle to be sold, said vehicle identity being received at the computer system;

calculating purchase prices for a plurality of vehicles sharing characteristics with the vehicle to be sold, said plurality of vehicles having differing levels of damage, said calculating step being performed by the computer system;

displaying images of a plurality of vehicles sharing characteristics with the vehicle to be sold, said images showing vehicles having differing levels of damage, the displayed images being displayed on a display device connected to the computer system;

displaying the purchase prices for the plurality of vehicles, said purchase prices being at price intervals within a price span, the purchase prices corresponding generally to a level of damage of the corresponding vehicle, the displayed purchase prices being displayed on the display device connected to the computer system; and

receiving a selection from the user of a vehicle corresponding to a damage level of the vehicle to be sold, the selection being a selection of at least one of a displayed vehicle and displayed purchase price, the selection being received by the computer system.

19. A method as claimed in claim 18, wherein said displayed images and said displayed purchase prices are displayed to a user seeking to sell the vehicle to be sold, and further comprising:

transmitting information to the user to arrange for purchase of the vehicle to be sold after said selection from the user.

20. A method as claimed in claim 18, wherein said displayed images and said displayed purchase prices are displayed to an agent;

and further comprising;

displaying percentile information for each displayed purchase price.

21. A method as claimed in claim 18, wherein said step of calculating purchase prices for a plurality of vehicles includes the steps of:

determining an auction price of each vehicle;

factoring into the auction price at least one of;

time factors, regional price factors, title transfer costs, and towing costs based on user input to obtain a modified auction price for each vehicle; and

including a margin with the modified auction price to obtain the price shown to the user for each vehicle.

22. An apparatus for determining a value of a used or damaged vehicle, comprising:

a computer system having a user input and a display, the computer system being programmed by a computer program stored on a non-transitory tangible computer readable media, the computer program operating a processor of the computer system to perform the steps of;

receiving a user access at a computer system;

receiving a user indication of a vehicle identity of a user vehicle at the computer system;

displaying an image of a vehicle corresponding to the vehicle identity, the displayed image showing a vehicle with a degree of damage, the displayed image being displayed on a display device connected to the computer system;

determining a price for the displayed vehicle from the user input, the price determination being performed by the computer system;

displaying the determined price to the user;

receiving an input from the user that the user vehicle has about a same level of damage as the displayed vehicle, the input being received by the computer system.

23. An apparatus as claimed in claim 22, wherein said computer system is programmed to calculate and simultaneously display a plurality of prices for a plurality of vehicles spanning a range of prices.