SYSTEMS AND METHODS FOR ONLINE VEHICLE AUCTIONS

• US 20200134709A1
• Filed: 10/16/2019
• Published: 04/30/2020
• Est. Priority Date: 10/25/2018
• Status: Abandoned Application

• Current Assignee: Onlinekars LLC
• Original Assignee: Onlinekars LLC
• Inventors: Lewison, Michael D., Kane, Michael J., Peck, Gerald D., Thordarson, Robert
• Application Number:
  US16/654,792
• Publication Number:
  US 20200134709A1
• Time in Patent Office: Days
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

A method for auctioning vehicles online where bids are evaluated against auction conditions.

Claims

1. A method for auctioning vehicles online comprising:

providing initial auction conditions, said initial auction conditions include auction time and bid increment;

receiving a bid;

evaluating said bid against said initial auction conditions;

determining an auction winner, wherein said auction winner exists when said bid meets said initial auction condition, wherein said auction winner is absent when said bid does not meet said initial auction condition.

2. The method of claim 1 wherein said bid is a full payment bid.

3. The method of claim 1 wherein said bid is a bid by payment bid.

4. The method of claim 1 wherein said bid is a monthly payment bid.