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Consumer-to-Business Exchange Marketplace

  • US 20130097048A1
  • Filed: 11/08/2011
  • Published: 04/18/2013
  • Est. Priority Date: 10/18/2011
  • Status: Active Grant
First Claim
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1. A system, comprising:

  • at least one memory that stores computer-executable instructions;

    at least one processor configured to access the at least one memory, wherein the at least one processor is configured to execute the computer-executable instructions to;

    receive a request to present a vehicle in a marketplace;

    calculate a base exchange value for the vehicle based at least in part on market information associated with the vehicle;

    provide, to a seller of the vehicle, underwriting based at least in part on the base exchange value;

    provide, to one or more vehicle resellers, marketplace information associated with the vehicle;

    receive an exchange offer for the vehicle, wherein the offer is at least equal to or greater than the calculated base exchange value;

    determine a final exchange value of the vehicle based at least in part on the received exchange offer for the vehicle or on an accepted-price offer determined by the item seller;

    provide the final exchange value of the vehicle to the seller of the vehicle;

    receive, from the seller of the vehicle, an indication of acceptance or rejection of the final exchange value of the vehicle; and

    provide the final exchange value to the one or more vehicle resellers when the received indication comprises acceptance of the final exchange value;

    orprovide a redemption query to the user associated with the vehicle when the received indication comprises rejection of the final exchange value.

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