Systems and methods for providing user-controlled automobile financing

US11250504B2 · kind B2 · utility

Assignee

• CAPITAL ONE SERVICES, LLC · US

Inventors

• Katherine Forrester · Dallas, US
• Patrick Eberle · Frisco, US
• Nicholas Dolle · McKinney, US
• Steven G. Chiagouris · Plano, US
• JoAnna R. Hartzmark · McLean, US
• Xiaoxiang Zhang · McKinney, US
• Kurt M. Johnson · Brighton, US
• Kenneth S. Childs · McLean, US

Key dates

• Filing date: Nov 4, 2019
• Grant date: Feb 15, 2022
• Expiry date: Nov 10, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and systems are disclosed for providing approved financing in advance of a purchase to a buyer of an item, such as an automobile, and allowing the prospective buyer to maintain control over the financing throughout the sales process. According to disclosed embodiments, a financial service system configures a financing website for the buyer, and receives personal information as well as information relating to the desired item. The financial service system approves loan parameters for the buyer, and provides the user with a link to access the financing website on a mobile device while at a dealership. Financing parameters can thus be edited throughout the process until the final sales agreement, providing the buyer with confidence and flexibility in the buying process.