Methods and systems for online transactions

• US 9,922,356 B1
• Filed: 01/22/2014
• Issued: 03/20/2018
• Est. Priority Date: 01/22/2013
• Status: Active Grant

• Current Assignee: Carvana, LLC (Carvana Co.)
• Original Assignee: Carvana, LLC (Carvana Co.)
• Inventors: Garcia, III, Ernest C., Behrens, Nicole, Swofford, Adam, Adams, William
• Primary Examiner(s): Civan, Ethan D
• Assistant Examiner(s): Shui, Ming
• Application Number:
  US14/161,212
• Time in Patent Office: 1,518 Days
• Field of Search: 705 261- 272
• CPC Class Codes: G03B 17/561 Support related camera accessories
• CPC Class Codes: G03B 37/02 with scanning movement of lens or cameras
• CPC Class Codes: G06F 2203/04806 Zoom, i.e. interaction techniques or interactors for controlling the zooming operation
• CPC Class Codes: G06F 3/0482 Interaction with lists of selectable items, e.g. menus
• CPC Class Codes: G06Q 30/0609 Buyer or seller confidence or verification
• CPC Class Codes: G06Q 30/0641 Shopping interfaces
• CPC Class Codes: G06Q 30/0643 Graphical representation of items or shoppers
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06T 11/60 Editing figures and text; Combining figures or text
• CPC Class Codes: G06T 13/00 Animation
• CPC Class Codes: G06T 13/80 2D [Two Dimensional] animation, e.g. using sprites
• CPC Class Codes: G06T 19/006 Mixed reality object pose determination, tracking or camera calibration for mixed reality G06T7/00
• CPC Class Codes: G06T 2200/24 involving graphical user interfaces [GUIs]
• CPC Class Codes: H04N 23/56 provided with illuminating means
• CPC Class Codes: H04N 23/661 Transmitting camera control signals through networks, e.g. control via the Internet
• CPC Class Codes: H04N 23/698 for achieving an enlarged field of view, e.g. panoramic image capture
• CPC Class Codes: H04N 23/90 Arrangement of cameras or camera modules, e.g. multiple cameras in TV studios or sports stadiums
• CPC Class Codes: H04N 5/2224 related to virtual studio applications
• CPC Class Codes: H04N 7/181 for receiving images from a plurality of remote sources

Abstract

Systems, methods, and devices of the various embodiments enable online transactions related to buying/selling an item, such as a vehicle. In an embodiment, one or more installment agreements relating to a user and one or more items may be generated in response to one or more received inputs. In an embodiment, a deal table comprising the one or more installment agreements may be generated, and the deal table may be transmitted to a user device for presentation via the user interface.

Claims

1. A method comprising:

receiving, in a seller server, customer information from a customer computing device;

receiving, in the seller server, an item selection from the customer computing device;

determining, in the seller server, extreme limit parameters for the selected item based at least in part on a seller goal and the received customer information;

generating, in the server, a series of potential retail installment agreements for the selected item at one or more possible user selectable term values within the determined extreme limit parameters;

eliminating, in the seller server, any retail installment agreement of the series of potential retail installment agreements for the selected item not meeting a seller constraint to generate a series of valid retail installment agreements for the selected item;

generating, in the seller server, one or more objects including the series of valid retail installment agreements for the selected item;

sending, from the seller server, the one or more objects to the customer computing device enabling the customer computing device to display a dashboard comprising a first dial interface element and a second dial interface element, wherein the first dial interface element is a selectable dial element configured to be manipulated by a user of the customer computing device to indicate a first of the one or more possible user selectable term values, wherein manipulation of the first dial interface element modifies the second dial interface element to indicate a second of the one or more possible user selectable term values that corresponds to one of the series of valid retail installment agreements generated with the first of the one or more possible user selectable term values, and wherein the first dial interface element and the second dial interface element are non-concentric dials;

receiving, in the seller server, a customer response from the computing device indicating a selected one of the series of valid retail installment agreements; and

generating, in the seller server, an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response.

2. The method of claim 1, wherein:

the seller goal is a yield on the contract for purchase of the item;

the extreme limit parameters are one or more of a maximum possible period payment, a maximum available term length, and a customer payment to income ratio; and

the seller constraint is one or more of a minimum down payment, a maximum down payment, a minimum period payment, a maximum period payment, a maximum term, a minimum term, a maximum annual percentage rate (APR), and a minimum APR.

3. The method of claim 1, wherein the item is a motor vehicle.

4. The method of claim 1, wherein generating, in the seller server, an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response comprises issuing, in the seller server, a contract for purchase of the item corresponding to terms of the selected one of the series of valid retail installment agreements indicated in the received customer response.

5. A server, comprising:

a network interface; and

a processor connected to the network interface, wherein the processor is configured with processor-executable instructions to perform operations comprising;

receiving customer information from a customer computing device via the network interface;

receiving an item selection from the customer computing device via the network interface;

determining extreme limit parameters for the selected item based at least in part on a seller goal and the received customer information;

generating a series of potential retail installment agreements for the selected item at one or more possible user selectable term values within the determined extreme limit parameters;

eliminating any retail installment agreement of the series of potential retail installment agreements for the selected item not meeting a seller constraint to generate a series of valid retail installment agreements for the selected item;

generating one or more objects including the series of valid retail installment agreements for the selected item;

sending the one or more objects to the customer computing device via the network interface enabling the customer computing device to display a dashboard comprising a first dial interface element and a second dial interface element, wherein the first dial interface element is a selectable dial element configured to be manipulated by a user of the customer computing device to indicate a first of the one or more possible user selectable term values, wherein manipulation of the first dial interface element modifies the second dial interface element to indicate a second of the one or more possible user selectable term values that corresponds to one of the series of valid retail installment agreements generated with the first of the one or more possible user selectable term values, and wherein the first dial interface element and the second dial interface element are non-concentric dials;

receiving a customer response from the computing device via the network interface indicating a selected one of the series of valid retail installment agreements; and

generating an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response.

7. The server of claim 5, wherein the item is a motor vehicle.

8. The server of claim 5, wherein generating an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response comprises issuing a contract for purchase of the item corresponding to terms of the selected one of the series of valid retail installment agreements indicated in the received customer response.

6. The server of 5, wherein the processor is configured with processor-executable instructions to perform operations such that:

the seller goal is a yield on the contract for purchase of the item;

the extreme limit parameters are one or more of a maximum possible period payment, a maximum available term length, and a customer payment to income ratio; and

the seller constraint is one or more of a minimum down payment, a maximum down payment, a minimum period payment, a maximum period payment, a maximum term, a minimum term, a maximum annual percentage rate (APR), and a minimum APR.

9. A non-transitory processor readable storage medium having stored thereon processor-executable instructions configured to cause a processor to perform operations comprising:

receiving customer information from a customer computing device;

receiving an item selection from the customer computing device;

determining extreme limit parameters for the selected item based at least in part on a seller goal and the received customer information;

generating a series of potential retail installment agreements for the selected item at one or more possible user selectable term values within the determined extreme limit parameters;

eliminating any retail installment agreement of the series of potential retail installment agreements for the selected item not meeting a seller constraint to generate a series of valid retail installment agreements for the selected item;

generating one or more objects including the series of valid retail installment agreements for the selected item;

sending the one or more objects to the customer computing device enabling the customer computing device to display a dashboard comprising a first dial interface element and a second dial interface element, wherein the first dial interface element is a selectable dial element configured to be manipulated by a user of the customer computing device to indicate a first of the one or more possible user selectable term values, wherein manipulation of the first dial interface element modifies the second dial interface element to indicate a second of the one or more possible user selectable term values that corresponds to one of the series of valid retail installment agreements generated with the first of the one or more possible user selectable term values, and wherein the first dial interface element and the second dial interface element are non-concentric dials;

receiving a customer response from the computing device indicating a selected one of the series of valid retail installment agreements; and

generating an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response.

10. The non-transitory processor readable medium of claim 9, wherein the stored processor-executable instructions are configured to cause a processor to perform operations such that:

the seller goal is a yield on the contract for purchase of the item;

the extreme limit parameters are one or more of a maximum possible period payment, a maximum available term length, and a customer payment to income ratio; and

the seller constraint is one or more of a minimum down payment, a maximum down payment, a minimum period payment, a maximum period payment, a maximum term, a minimum term, a maximum annual percentage rate (APR), and a minimum APR.

11. The non-transitory processor readable medium of claim 9, wherein the stored processor-executable instructions are configured to cause a processor to perform operations such that the item is a motor vehicle.

12. The non-transitory processor readable medium of claim 9, wherein the stored processor-executable instructions are configured to cause a processor to perform operations such that generating an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response comprises issuing a contract for purchase of the item corresponding to terms of the selected one of the series of valid retail installment agreements indicated in the received customer response.

13. A method for providing an online transaction, comprising:

receiving, in a seller server, customer information from a customer computing device via a network;

receiving, in the seller server, an item selection from the customer computing device via the network;

determining, in the seller server, extreme limit parameters for the selected item based at least in part on a seller goal and the received customer information;

generating, in the seller server, a series of potential retail installment agreements for the selected item at one or more possible user selectable term values within the determined extreme limit parameters;

eliminating, in the seller server, any retail installment agreement of the series of potential retail installment agreements for the selected item not meeting a seller constraint to generate a series of valid retail installment agreements for the selected item;

generating, in the seller server, one or more objects including the series of valid retail installment agreements for the selected item;

sending the one or more objects from the seller server to the customer computing device via the network enabling the customer computing device to display a dashboard comprising a first dial interface element and a second dial interface element, wherein the first dial interface element is a selectable dial element configured to be manipulated by a user of the customer computing device to indicate a first of the one or more possible user selectable term values, wherein manipulation of the first dial interface element modifies the second dial interface element to indicate a second of the one or more possible user selectable term values that corresponds to one of the series of valid retail installment agreements generated with the first of the one or more possible user selectable term values, and wherein the first dial interface element and the second dial interface element are non-concentric dials;

displaying, at the customer computing device, an initial valid retail installment agreement from the series of valid retail installment agreements in the dashboard;

and

displaying, at the customer computing device, an another valid retail installment agreement from the series of valid retail installment agreements in response a manipulation of the first dial interface element by the user of the customer computing device.

14. The method of claim 13, further comprising:

receiving, in the customer computing device, a selection of the another valid retail installment agreement;

generating, in the customer computing device, a customer response indicating the selected another valid retail installment agreement;

sending the customer response from the customer computing device to the seller server via the network; and

generating, in the seller server, an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response.

18. The method of claim 14, wherein:

the seller goal is a yield on the contract for purchase of the item;

the extreme limit parameters are one or more of a maximum possible period payment, a maximum available term length, and a customer payment to income ratio; and

the seller constraint is one or more of a minimum down payment, a maximum down payment, a minimum period payment, a maximum period payment, a maximum term, a minimum term, a maximum annual percentage rate (APR), and a minimum APR.

15. A system, comprising:

a customer computing device, comprising;

a first network interface configured to communicate with a network;

a display; and

a first processor coupled to the first network interface and the display;

a seller server, comprising;

a second network interface configured to communicate with the network; and

a second processor coupled to the second network interface, wherein the second processor is configured with processor-executable instructions to perform operations comprising;

receiving customer information from the customer computing device via the second network interface;

receiving an item selection from the customer computing device via the second network interface;

determining extreme limit parameters for the selected item based at least in part on a seller goal and the received customer information;

generating a series of potential retail installment agreements for the selected item at one or more possible user selectable term values within the determined extreme limit parameters;

eliminating any retail installment agreement of the series of potential retail installment agreements for the selected item not meeting a seller constraint to generate a series of valid retail installment agreements for the selected item;

generating one or more objects including the series of valid retail installment agreements for the selected item; and

sending the one or more objects to the customer computing device via the second network interface, and

wherein the first processor is configured with processor-executable instructions to perform operations comprising;

receiving the one or more objects via the first network interface enabling the customer computing device to display a dashboard comprising a first dial interface element and a second dial interface element, wherein the first dial interface element is a selectable dial element configured to be manipulated by a user of the customer computing device to indicate a first of the one or more possible user selectable term values, wherein manipulation of the first dial interface element modifies the second dial interface element to indicate a second of the one or more possible user selectable term values that corresponds to one of the series of valid retail installment agreements generated with the first of the one or more possible user selectable term values, and wherein the first dial interface element and the second dial interface element are non-concentric dials;

displaying, at the customer computing device, an initial valid retail installment agreement from the series of valid retail installment agreements in the dashboard;

and

displaying on the display an another valid retail installment agreement from the series of valid retail installment agreements in response a manipulation of the first dial interface element by the user of the customer computing device.

16. The system of claim 15, wherein the first processor is configured with processor-executable instructions to perform operations further comprising:

receiving a selection of the another valid retail installment agreement;

generating a customer response indicating the selected another valid retail installment agreement; and

sending the customer response to the seller server via the first network interface, and

wherein the second processor is configured with processor-executable instructions to perform operations further comprising;

receiving the customer response via the second network interface; and

generating an indication of the selected one of the series of valid retail installment agreements indicated in the received customer response.

17. The system of claim 16, wherein:

the seller goal is a yield on the contract for purchase of the item;

the extreme limit parameters are one or more of a maximum possible period payment, a maximum available term length, and a customer payment to income ratio; and

the seller constraint is one or more of a minimum down payment, a maximum down payment, a minimum period payment, a maximum period payment, a maximum term, a minimum term, a maximum annual percentage rate (APR), and a minimum APR.