Patent ID: 11915275
Assignee: CAPITAL ONE SERVICES, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 12:
13. A computer-implemented method, comprising:
receiving input from a user as part of a valuation request, the input including driver data of the user, geographic location data of the user, and target vehicle data of a target vehicle;
retrieving third-party transaction data from one or more databases based on the target vehicle data to determine a depreciation rate for the target vehicle;
retrieving third-party ownership data from the one or more databases based on the target vehicle data to determine a decommission rate for the target vehicle;
retrieving local environmental data from the one or more databases based on the geographic location data of the user to determine a deterioration rate for the target vehicle specific to the user's geographic location;
determining, using a regression model, a value curve for the target vehicle based on a plurality of variables including the driver data, the target vehicle data, the depreciation rate, the decommission rate, and the deterioration rate, wherein the value curve is specific to the user based on the use of the driver data and the deterioration rate in the determination, and wherein the regression model is built on test data from previously executed valuation requests and includes a base logarithmic model having a plurality of weighted factors associated with the plurality of variables;
based on the value curve, determining and providing to the user, as a response to the valuation request, one or more of a current estimated value of the target vehicle, an optimum date to sell the target vehicle if the user is a current owner, an optimum date to purchase the target vehicle if the user is a prospective buyer, or an optimum type of target vehicle to purchase if the user is the prospective buyer;
determining a duration between periodic queries of the one or more databases to determine whether additional data, including additional third-party transaction data, additional third-party ownership data, or additional local environmental data, is stored in the one or more databases, wherein the duration is determined as a function of one or more characteristics of one or more of the target vehicle, the user, and the geographic location that are indicative of data stability;
periodically querying the one or more databases in accordance with the duration; in response to determining additional data is stored in the one or more databases based on the periodic querying, retrieving the additional data from the one or more databases, updating one or more of the depreciation rate, the decommission rate, and the deterioration rate based on the additional data, and modifying the regression model to determine a new value curve for the target vehicle based on the updated one or more of the depreciation rate, the decommission rate, and the deterioration rate, wherein modifying the regression model further includes building a subsequent iteration of the base logarithmic model; and
based on the new value curve, determining and providing to the user, as an updated response to the valuation request, one or more of an updated current estimated value of the target vehicle, an updated optimum date to sell the target vehicle if the user is the current owner, an updated optimum date to purchase the target vehicle if the user is the prospective buyer, or an updated optimum type of target vehicle to purchase if the user is the prospective buyer.