Patent ID: 8392280

Claim:
A system for enabling consumers to evaluate a proposed lease for an automobile, said lease having terms including maximum mileage user is allowed to drive said automobile without incurring an overage charge, lease term, periodically due payments, total due at signing, and wherein a manufacturer's suggested retail price (MSRP) is associated to said automobile, said system comprising: (a) a server bearing a lease evaluation algorithm; (b) a client computer, which is connected to said server over the Internet by a system user; and (c) whereby after said system user connects said client computer to said server, said client computer prompts said system user to use said client computer to enter information about said lease including information sufficient to permit computation of total mileage, which is said maximum mileage user is allowed to drive said automobile without incurring an overage charge summed over said lease term; said lease term; amount and time due of each said periodically due payments; and said total due at signing; and said MSRP for said automobile; and (d) whereby said client computer sends said lease information to said server and said server responds by computing a lease evaluation metric, reflecting MSRP divided by an evaluation of lease cost per mile, wherein lease cost per mile is computed as total payment divided by total mileage, and wherein total payment equals a total of said periodically due payments over said lease term, plus total due at signing, and said server computes and sends a figure reflective of said metric to said client computer for display to said user.