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METHOD AND SYSTEM FOR DETERMINING THE LIKELY OPERATING COST FOR A PARTICULAR TYPE OF VEHICLE OVER A DEFINED PERIOD

  • US 20140188329A1
  • Filed: 03/07/2014
  • Published: 07/03/2014
  • Est. Priority Date: 08/20/2012
  • Status: Active Grant
First Claim
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1. A method for determining the cost of operating a vehicle over a defined period comprising:

  • a) establishing on a database a schedule of the anticipated future repairs for a plurality of vehicle types, the anticipated repairs schedule including the approximate mileage at which the anticipated repairs are each expected to become necessary and a repair cost schedule of the anticipated future repairs for the plurality of vehicle types;

    b) receiving in a processor information identifying a particular type of vehicle and a present mileage associated with the particular type of vehicle, the processor being in electrical communication with the database; and

    c) using the information identifying a particular type vehicle, the present mileage, and the anticipated repair schedule, computing in the processor, an approximate total future repair cost for maintaining the particular type of vehicle over the defined period.

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