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Buyer-Driven, Online Methods and Systems for Purchasing Motor Vehicles and Related Services

  • US 20120265634A1
  • Filed: 03/06/2012
  • Published: 10/18/2012
  • Est. Priority Date: 03/09/2011
  • Status: Abandoned Application
First Claim
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1. A buyer-driven method of purchasing a motor vehicle, the method comprising:

  • one or more buyers composing a buyer-specific offer to purchase a motor vehicle and optionally motor vehicle-related services, each offer based on an individual buyer willing price that is based oni) an individual buyer perceived value of the motor vehicle and related services, andii) one or more buyer-specific conditions imposed on purchasing a motor vehicle within the set of motor vehicles;

    each buyer registering with, and communicating their respective buyer-specific offer for the motor vehicle to, a website hosted by a computer server, the website accessible by network-connected devices of the buyers via an information network comprising said server, and one or more website-registered sellers communicating their respective seller conditions to the website via the information network prior to any buyer financial information being communicated to the website by the buyers;

    filtering, using software in or accessible to the computer server, one or more buyer-specific offers for the motor vehicle with respect to one or more registered seller conditions, the computer server electronically communicating only filtered buyer-specific offers to registered sellers;

    the registered sellers communicating a response selected from the group consisting of accept, decline, or alternative response to the website;

    if satisfied with one or more registered sellers'"'"' acceptance or alternative responses, each buyer selecting one registered seller the buyer wishes to purchase the motor vehicle from and anonymously communicating a “

    ready to purchase motor vehicle”

    signal and financial deposit information to the website for the selected registered seller, the website subsequently identifying the selected registered seller to the respective buyer and identifying the respective buyer to the selected registered seller;

    the computer server then causing the website to indicate “

    pending sale”

    for the buyer and the selected registered seller;

    only if the respective buyer remains committed to purchasing the vehicle from the selected registered seller and only if the registered seller commits to selling the vehicle to the buyer, then the selected registered seller and the respective buyer executing a purchase and sale contract for the motor vehicle using the website.

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