Automated system and method for providing lease payment information to consumers via the internet
First Claim
1. A method of providing automated payment information for a lease of a specific vehicle to a consumer via an Internet website, the specific vehicle being part of a dealer'"'"'s inventory, the Internet website having a database associated with the Internet website, the method comprising:
- obtaining, by a server, data from the Internet website via the Internet by electronically receiving the data via URL web service calls and returns inside HTML code, the data being stored in the database associated with the Internet website and comprising vehicle data for the specific vehicle, lease data for the lease, and consumer data for the consumer, the vehicle data including a vehicle identification number, a price, and an odometer reading for the specified vehicle;
determining, by the server, at least a year, a make, and a model for the specific vehicle by decoding the vehicle identification number;
determining, by the server, a residual value of the vehicle based on at least the year, the make, the model, the price, and the odometer reading used as input into the determination;
obtaining, by the server, lease funding information from one or more third parties;
calculating, by the server, lease payment information based on the residual value, the lease data, the consumer data, and the lease funding information; and
generating, by the server, a disclosure webpage of the lease payment information for viewing by the consumer via the Internet.
2 Assignments
0 Petitions
Accused Products
Abstract
A system and method of providing payment information for a lease of a specific vehicle in a vehicle dealer'"'"'s inventory to a consumer via an Internet website of a dealer service is disclosed. A lease service obtains data via the Internet from the dealer service. The data is stored in a database associated with an Internet website and includes vehicle data, lease data, and consumer data. The lease service determines a residual value of the vehicle and obtains lease funding information from one or more third parties. The lease service then determines lease payment information and generates a disclosure webpage of the lease payment information. The disclosure webpage is formatted to comply with the Regulation “M” disclosure notice for vehicle lease payments. The consumer is allowed to view the disclosure webpage from the Internet website before committing to the lease.
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Citations
29 Claims
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1. A method of providing automated payment information for a lease of a specific vehicle to a consumer via an Internet website, the specific vehicle being part of a dealer'"'"'s inventory, the Internet website having a database associated with the Internet website, the method comprising:
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obtaining, by a server, data from the Internet website via the Internet by electronically receiving the data via URL web service calls and returns inside HTML code, the data being stored in the database associated with the Internet website and comprising vehicle data for the specific vehicle, lease data for the lease, and consumer data for the consumer, the vehicle data including a vehicle identification number, a price, and an odometer reading for the specified vehicle; determining, by the server, at least a year, a make, and a model for the specific vehicle by decoding the vehicle identification number; determining, by the server, a residual value of the vehicle based on at least the year, the make, the model, the price, and the odometer reading used as input into the determination; obtaining, by the server, lease funding information from one or more third parties; calculating, by the server, lease payment information based on the residual value, the lease data, the consumer data, and the lease funding information; and generating, by the server, a disclosure webpage of the lease payment information for viewing by the consumer via the Internet. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system, comprising memory and one or more processors coupled to the memory, the memory storing program instructions when executed by the one or more processors causing the one or more processors to perform a method of providing automated payment information for a lease of a specific vehicle to a consumer via an Internet website, the specific vehicle being part of a dealer'"'"'s inventory, the Internet website having a database associated with the Internet website, the method comprising:
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obtaining data from the Internet website via the Internet by electronically receiving the data via URL web service calls and returns inside HTML code, the data being stored in the database associated with the Internet website and comprising vehicle data for the specific vehicle, lease data for the lease, and consumer data for the consumer, the vehicle data including a vehicle identification number, a price, and an odometer reading for the specified vehicle; determining at least a year, a make, and a model for the specific vehicle by decoding the vehicle identification number; determining a residual value of the vehicle based on at least the year, the make, the model, the price, and the odometer reading used as input into the determination; obtaining lease funding information from one or more third parties; calculating lease payment information based on the residual value, the lease data, the consumer data, and the lease funding information; and generating a disclosure webpage of the lease payment information for viewing by the consumer via the Internet. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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21. A method of providing automated payment information for leases of specific vehicles in a dealer'"'"'s inventory to consumers via an Internet website, the Internet website having a first server and a first database associated with the Internet website, the method comprising:
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interfacing a second server with the first server hosting the Internet website via the Internet; obtaining, by the second server, data via the Internet from the first server by electronically receiving the data via URL web service calls and returns inside HTML code, the data being stored in the first database associated with the Internet website and comprising vehicle data for the specific vehicles, lease data for the leases, and consumer data for the consumers, the vehicle data including vehicle identification numbers, prices, and odometer readings for the specific vehicles in the dealer'"'"'s inventory; deriving, by the second server, at least a year, a make, and a model of each of the specific vehicles by decoding the vehicle identification numbers; determining, by the second server, a residual value of each of the specific vehicles based on at least the years, the makes, the models, the prices, and the odometer readings used as input into the determination; obtaining, by the second server, lease funding information from one or more third parties; calculating, by the second server, lease payment information for each of the specific vehicles based on the vehicle data, the lease data, the consumer data, the residual value, and the lease funding information; generating, by the second server, a disclosure webpage of the lease payment information of each of the specific vehicles; and allowing the consumers to view the disclosure webpages from the Internet website associated with the first server by sending disclosure information from the second server to the first server for incorporation into the Internet website. - View Dependent Claims (22, 23, 24)
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25. A method of providing lease payment information for a specific vehicle to a consumer via an Internet website hosted by a server and a database, the method comprising:
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receiving, by the server, a request from the customer, the request requesting automated lease payment information on the specific vehicle; obtaining, by the server, data including vehicle data on the vehicle and lease data on the lease at the server from the database in response to the request by electronically receiving the data via URL web service calls and returns inside HTML code, the vehicle data including a vehicle identification number, a price, and an odometer reading for the specific vehicle; determining, by the server, at least a year, a make, and a model for the specific vehicle by decoding the vehicle identification number; obtaining, by the server, consumer data on the consumer; determining, by the server, a residual value of the specific vehicle based on at least the year, the make, the model, the price, and the odometer reading used as input into the determination; obtaining, by the server, lease funding information from one or more third parties; calculating, by the server, automated lease payment information based on the residual value, the lease data, the consumer data, and the lease funding information; generating, by the server, a disclosure webpage of the lease payment information; and allowing, by the server, the consumer to view the disclosure webpage via the Internet website. - View Dependent Claims (26, 27, 28, 29)
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Specification