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Systems and methods for determining costs of vehicle repairs and times to major repairs

  • US 9,836,714 B2
  • Filed: 12/20/2013
  • Issued: 12/05/2017
  • Est. Priority Date: 03/13/2013
  • Status: Active Grant
First Claim
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1. A system for determining costs of vehicle repairs and times to major repairs, the system comprising:

  • a computer processor;

    a data storage device coupled to the computer processor; and

    an output device coupled to the computer processor;

    wherein the computer processor;

    receives, over a network from a computing device associated with a user, vehicle information identifying a user-specified vehicle of interest to the user;

    retrieves one or more repair data items from a repair database stored in the data storage device, wherein the repair data items are associated with vehicles having same or similar vehicle characteristics as the user-specified vehicle of interest to the user;

    determines, based on the retrieved one or more repair data items, one or more expected specific repairs associated with the user-specified vehicle of interest;

    determines, based on the one or more expected specific repairs determined by the computer processor for the user-specified vehicle of interest and utilizing stored repair information associated with the retrieved one or more repair data items, costs associated with the one or more expected repairs on the user-specified vehicle of interest; and

    provides an output over the network to the computing device associated with the user, wherein the output provides an indication of the one or more expected repair costs associated with the user-specified vehicle of interest, wherein the indication of the one or more expected repair costs associated with the user-specified vehicle of interest comprises a graph of a likelihood of occurrence of a major repair as a function of time, wherein the graph indicates a cumulative likelihood of occurrence of a plurality of potential major repairs and a time-to-major-repair.

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