METHOD AND SYSTEM FOR VEHICLE LEASES PERMITTING MULTIPLE VEHICLE EXCHANGES
First Claim
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1. A method for calculating a vehicle lease price, comprising:
- accepting, by at least one electronic device, user-input data concerning lease provisions desired by a lessee, including information describing the number of vehicle exchanges the lessee wishes to make;
accepting, by the at least one electronic device, user-input data comprising lessee information;
calculating, by the at least one electronic device, a lease price using the user-input data; and
publishing, by the at least one electronic device, the lease price.
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Abstract
A system and related method are disclosed for pricing a lease allowing multiple vehicle exchanges, using a computer or similar device. The method involves accepting lessee data including the lessee driving record, and desired lease terms, vehicles, and vehicle exchanges, and combining it with other data such as initial values of vehicles, depreciation over the term and mileage of the lease, and the history of interaction between the lessee and lessor. The calculated price is published via the system display. The method may be practiced by a server, mobile device, or payment processing machine belonging to the lessee or lessor.
16 Citations
19 Claims
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1. A method for calculating a vehicle lease price, comprising:
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accepting, by at least one electronic device, user-input data concerning lease provisions desired by a lessee, including information describing the number of vehicle exchanges the lessee wishes to make; accepting, by the at least one electronic device, user-input data comprising lessee information; calculating, by the at least one electronic device, a lease price using the user-input data; and publishing, by the at least one electronic device, the lease price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A system for calculating a vehicle lease price, comprising:
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at least one electronic device having a processor and a memory; a user interface component executing on the at least one electronic device, accepting user-input data information describing the vehicles to be leased, information describing the number of the exchanges of automobiles desired by the lessee, and publishing a calculated lease price, and comprising lessee information; and a price calculation component executing on the at least one electronic device and calculating a lease price using the user-input data. - View Dependent Claims (17, 18, 19)
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Specification