SYSTEMS AND METHODS FOR BUYING AND SELLING ONE OR MORE VEHICLES
First Claim
Patent Images
1. A method, comprising:
- receiving, by at least one processor coupled to at least one memory, information associated with a vehicle;
determining, by the at least one processor and based at least in part on the information associated with the vehicle, a guarantee price for the vehicle;
providing, by the at least one processor, the guarantee price to a computing device associated with a seller of the vehicle;
receiving, by the at least one processor, an indication of acceptance or rejection of the guarantee price from the computing device associated with the seller of the vehicle;
providing, by the at least one processor, the vehicle in a timed auction when the received indication from the computing device associated with the seller of the vehicle comprises acceptance of the guarantee price;
receiving, by the at least one processor, one or more bids for the vehicle; and
determining, by the at least one processor and based at least in part on the one or more bids and the guarantee price, a final sales price of the vehicle at the end of the timed auction, wherein the final sales price comprises (1) a highest bid from the one or more bids in the timed auction that is at least greater than or equal to the guarantee price;
or (2) the guarantee price if none of the one or more bids is greater than or equal to the guarantee price.
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Abstract
Systems and methods for buying and selling one or more vehicles are provided herein. In one embodiment, the systems and methods disclosed herein may provide a guarantee price to a seller of a vehicle. In another embodiment, the systems and methods disclosed herein may provide a fee associated with receiving the guarantee price for the vehicle. Further, in an additional embodiment, the systems and methods disclosed herein may facilitate the purchase and/or execution of a put option for the vehicle.
6 Citations
22 Claims
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1. A method, comprising:
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receiving, by at least one processor coupled to at least one memory, information associated with a vehicle; determining, by the at least one processor and based at least in part on the information associated with the vehicle, a guarantee price for the vehicle; providing, by the at least one processor, the guarantee price to a computing device associated with a seller of the vehicle; receiving, by the at least one processor, an indication of acceptance or rejection of the guarantee price from the computing device associated with the seller of the vehicle; providing, by the at least one processor, the vehicle in a timed auction when the received indication from the computing device associated with the seller of the vehicle comprises acceptance of the guarantee price; receiving, by the at least one processor, one or more bids for the vehicle; and determining, by the at least one processor and based at least in part on the one or more bids and the guarantee price, a final sales price of the vehicle at the end of the timed auction, wherein the final sales price comprises (1) a highest bid from the one or more bids in the timed auction that is at least greater than or equal to the guarantee price;
or (2) the guarantee price if none of the one or more bids is greater than or equal to the guarantee price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. One or more computer-readable media storing computer-executable instructions that, when executed by at least one processor, configure the at least one processor to perform operations comprising:
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receiving information associated with a vehicle; determining, based at least in part on the information associated with the vehicle, a guarantee price for the vehicle; determining, based at least in part on the information associated with the vehicle and/or the guarantee price, a fee associated with the guarantee price; providing the fee to a computing device associated with a seller of the vehicle; receiving an indication of acceptance or rejection of the fee from the computing device associated with the seller of the vehicle; providing the guarantee price to the computing device associated with the seller of the vehicle when the received indication comprises acceptance of the fee; providing the vehicle in a timed auction; receiving one or more bids for the vehicle; and determining, based at least in part on the one or more bids and the guarantee price, a final sales price of the vehicle at the end of the timed auction, wherein the final sales price comprises (1) a highest bid from the one or more bids in the timed auction that is at least greater than or equal to the guarantee price;
or (2) the guarantee price if none of the one or more bids is greater than or equal to the guarantee price. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20)
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21. A system, comprising:
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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 information associated with a vehicle; determine, based at least in part on the information associated with the vehicle, an offer price for the vehicle at a future date and time; determine, based at least in part on the information associated with the vehicle, the offer price, and/or the future date and time, a fee to redeem the offer price at the future date and time; provide the offer price for the vehicle at the future date and time and the fee to redeem the offer price at the future date and time to a computing device associated with a seller of the vehicle; receive an indication of acceptance or rejection of the fee to redeem the offer price at the future date and time from the computing device associated with the seller of the vehicle, wherein acceptance of the fee comprises a put option for the vehicle; and receive an indication on or before the future date and time of acceptance or rejection of the offer price for the vehicle. - View Dependent Claims (22)
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Specification