Insurance incentive program for promoting the purchase or release of an automobile after an expiration of a lease
First Claim
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1. A processor-implemented method for encouraging the purchase or re-leasing of an item after an expiration of a lease, comprising:
- identifying via a processor a lease on an item, the lease having an approaching expiration date;
identifying a customer corresponding to the lease; and
offering the customer a paid insurance policy in exchange for purchasing or re-leasing the item after the expiration date.
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Accused Products
Abstract
A lessee of an item, such as an automobile, is encouraged to either purchase the automobile at the expiration of the lease, or to initiate a new lease for the same item. If the lessee undertakes a purchase or a new lease, a manufacturer of the item, or another party, provides insurance covering the item. The methods disclosed herein may be performed over a computer network, such as the Internet.
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Citations
18 Claims
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1. A processor-implemented method for encouraging the purchase or re-leasing of an item after an expiration of a lease, comprising:
identifying via a processor a lease on an item, the lease having an approaching expiration date;
identifying a customer corresponding to the lease; and
offering the customer a paid insurance policy in exchange for purchasing or re-leasing the item after the expiration date.
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2. A processor-implemented purchase or re-leasing of an item promotion method, comprising:
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leasing an item for a predetermined period of time; obtaining an indication that a lease associated with the leased item is approaching an expiration;
obtaining an insurance incentive offer in exchange for purchasing or re-leasing an automobile after an expiration of the lease, wherein the insurance incentive offer including incentive parameters determined based on a difference between an actual residual value of the leased item at the expiration of the lease and a projected residual value of the leased item estimated at an initiation of the lease, wherein the insurance incentive offer including a partial insurance premium coverage by a third party when a customer purchases or re-leases the item at the expiration of the lease; and
submitting an indication to purchase or re-lease the leased item in exchange for the insurance incentive offer. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A purchase or re-leasing of an item promotion apparatus, comprising:
- a processor; and
a memory in communication with the processor, the memory for storing a plurality of processing instructions enabling the processor to;
lease an item for a predetermined period of time;
obtain an indication that a lease associated with the leased item is approaching an expiration;
obtain an insurance incentive offer in exchange for purchasing or re-leasing an automobile after an expiration of the lease, wherein the insurance incentive offer including incentive parameters determined based on a difference between an actual residual value of the leased item at the expiration of the lease and a projected residual value of the leased item estimated at an initiation of the lease, wherein the insurance incentive offer including a partial insurance premium coverage by a third party when a customer purchases or re-leases the item at the expiration of the lease; and
submit an indication to purchase or re-lease the leased item in exchange for the insurance incentive offer.
- a processor; and
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18. A processor-readable non-transitory medium storing purchase or re-leasing of an item promotion processor-executable instructions executable by a processor to:
- lease an item for a predetermined period of time;
obtain an indication that a lease associated with the leased item is approaching an expiration;
obtain an insurance incentive offer in exchange for purchasing 1 or re-leasing an automobile after an expiration of the lease, wherein the insurance incentive offer including incentive parameters determined based on a difference between an actual residual value of the leased item at the expiration of the lease and a projected residual value of the leased item estimated at an initiation of the lease, wherein the insurance incentive offer including a partial insurance premium coverage by a third party when a customer purchases or re-leases the item at the expiration of the lease; and
submit an indication to purchase or re-lease the leased item in exchange for the insurance incentive offer.
- lease an item for a predetermined period of time;
Specification