Patent ID: 9117243
Filing Date: 2015-08-25
Classification: G06Q

Abstract:
1. An automated method of providing payment information of residual-based vehicle financing to consumers, the method comprising: obtaining, with one or more servers, source data related to vehicles from one or more sources by electronically receiving the source data from the sources via URL web service calls and returns inside HTML code over the Internet, the source data comprising vehicle data, consumer data, and residual-based finance data, the vehicle data comprising vehicle information, a price, and an odometer reading for each of the vehicles; determining, with the one or more servers, a residual value of each of the vehicles using the vehicle information, the price, and the odometer reading of each of the vehicles as inputs in the residual value determinations; obtaining, with the one or more servers, funding information for residual-based vehicle financing from one or more third parties; calculating, with the one or more servers, payment information based on the residual values, the residual-based finance data, the consumer data, and the funding information; and enabling viewing of the payment information by the consumers via the Internet by generating, with the one or more servers, disclosures of the payment information.