SYSTEM AND METHOD FOR ASSESSING AND MANAGING FINANCIAL TRANSACTIONS
First Claim
1. A method comprising:
- by a computer system comprising computer hardware;
retrieving customer information, current financial terms that a customer has for a current vehicle, and current vehicle information;
determining a replacement vehicle that is comparable to the current vehicle;
retrieving replacement vehicle information and new financial terms available to the customer for the replacement vehicle;
calculating a new payment based on each of the following;
the current financial terms;
the new financial terms;
the current vehicle information; and
the replacement vehicle information;
determining if the new payment satisfies a deal parameter based on at least one of the current financial terms, the new financial terms, and an amount of the new payment;
retrieving vehicle service information comprising a service date;
using at least some of the customer information and service information to contact the customer, if the service date is within a predefined range and the new payment satisfies the deal parameter.
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Accused Products
Abstract
A financial terms alert generation system comprises an information retrieval module, a financial terms comparison module, and an alert transmission module. The information retrieval module is configured to retrieve financing information, customer information, and product information from one or more sources accessible on a network. The financial terms comparison module is configured to compare a customer'"'"'s current financial arrangement to a potential new financial arrangement to determine whether the customer is able to enter into a new financial arrangement on terms favorable to the customer. The alert transmission module is configured to transmit an alert to a dealer in cases in which the financial terms comparison module determines that a customer is able to enter into a new financial arrangement on terms favorable to the customer. Such alerts identify the customer and the favorable financial terms.
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Citations
16 Claims
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1. A method comprising:
by a computer system comprising computer hardware; retrieving customer information, current financial terms that a customer has for a current vehicle, and current vehicle information; determining a replacement vehicle that is comparable to the current vehicle; retrieving replacement vehicle information and new financial terms available to the customer for the replacement vehicle; calculating a new payment based on each of the following; the current financial terms; the new financial terms; the current vehicle information; and the replacement vehicle information; determining if the new payment satisfies a deal parameter based on at least one of the current financial terms, the new financial terms, and an amount of the new payment; retrieving vehicle service information comprising a service date; using at least some of the customer information and service information to contact the customer, if the service date is within a predefined range and the new payment satisfies the deal parameter. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer system comprising non-transitory computer storage and at least one processor, the storage comprising instructions executable by the processor to:
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retrieve customer information, current financial terms that a customer has for a current vehicle, and current vehicle information; determine a trade equity for the current vehicle based on at least one of the customer information, current financial terms, and current vehicle information; determine if the trade equity satisfies a predetermined equity parameter; retrieve service information comprising a service date; determine if the service date is within a predefined range; present at least some of the service information and the customer information to a user if the service date is within the predefined range; and provide a visual indication to the user if the determined trade equity for the current vehicle satisfies the equity parameter. - View Dependent Claims (11, 12, 13, 14, 15, 16)
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Specification