Patent ID: 8751351

Claim:
A system for providing an asset exchange marketplace, the system comprising: a processor; and a memory communicatively coupled with the processor, the system configured to: receive information about an asset from a first customer of a financial institution, wherein the financial institution has financed the asset for the first customer and the asset is listed in a listing database that includes a pool of assets, wherein each asset in the pool of assets is subject to one of a plurality loans from the financial institution, wherein the pool of assets is listed in the listing database by the financial institution; list the asset in the listing database that is indexed; evaluate a condition of the asset to determine a value of the asset; exchange, for the first customer, the asset with a replacement asset listed in the listing database prior to a sale of the asset from the listing database; indicate that the first customer is released from a financial obligation of one of the plurality of loan agreements when the value of the asset is determined to be above a threshold provided by the financial institution; and provide a rental option to the first customer to retain physical possession of the asset until a replacement asset is provided to the first customer from the pool of assets or the asset is automatically sold a second customer of the financial institution based upon a parameter of the asset that is entered into a buyer preference database by the second customer and the financial institution finances the asset for the second customer.