Method for selecting a seller's most profitable financing program
US5774883A · kind A · utility
452Cited by
8References
7Claims
0Family size
Inventors
Key dates
| Filing date | May 25, 1995 |
| Grant date | Jun 30, 1998 |
| Priority date | — |
| Expiry date | May 25, 2015 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A transaction management system and method of validating the sale of an asset. The system may be used by a vehicle dealership to evaluate a customer's credit risk, budgetary factors, and profitability of the sale during negotiations for sale of a vehicle, thereby facilitating the sale from both the customer's and dealership's point of view by properly structuring the transaction. The system enables the dealer to pool front-end and back-end profit items to maximize profits. The system performs expert functions to funnel the customer's credit information into a best fit with one of a plurality of specific finance program tiers.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.