VEHICLE TRADE BANKING SYSTEM
First Claim
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1. A vehicle trade banking system comprising:
- application software installed on a server having a database and connected to the internet,the application software comprising;
a new vehicle entry member interface;
a quote entry member interface;
a vehicle quote management member interface;
a quote history database having vehicle data and transaction information;
a notification generator; and
wherein the notification generator creates and transmits vehicle entry and quote entry transaction information using the internet to a network of interested vehicle buyers and sellers.
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Abstract
A vehicle trade banking system for dealers and wholesalers that buy and sell automobiles, boats, motorcycles, and other vehicles that uses an application software system that accepts, distributes and stores vehicle data, price quotation data and vehicle condition data to facilitate the banking of vehicle trade-ins allowing dealers to confirm a buyer for a trade-in and thereby accept a trade-in from a consumer interested in purchasing a newer vehicle from the dealer.
27 Citations
20 Claims
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1. A vehicle trade banking system comprising:
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application software installed on a server having a database and connected to the internet, the application software comprising; a new vehicle entry member interface; a quote entry member interface; a vehicle quote management member interface; a quote history database having vehicle data and transaction information; a notification generator; and wherein the notification generator creates and transmits vehicle entry and quote entry transaction information using the internet to a network of interested vehicle buyers and sellers. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of banking a price for a trade-in vehicle, comprising the steps of:
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accessing a vehicle trade banking application software system; entering vehicle information for a trade-in vehicle; generating an electronic message from the vehicle information and distributing that message to a network of interested buyers; receiving at least one electronic message of a price quotation from an interested buyer from the network of interested buyers; accepting the price quotation; and storing all information from the transaction on a database connected to a server that is connected to the internet. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20)
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Specification