IP Library Patent Application 16144935
Patent Application
App. No. 16/144,935

SYSTEMS AND METHODS FOR OPTIMIZATION OF A FINANCIAL TRANSACTION

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Quick Facts
Patent No.
US None
App. No.
16/144,935
Abstract

A method of determining a structure for financing a consumer product through a computer implemented process according to one embodiment comprising the steps of: receiving one or more fixed inputs including a monthly payment value and a down payment value; calculating a plurality of potential financial structures for the consumer product based upon the monthly payment value and the down payment value; and determining from the plurality of potential financial structures, a financial structure that provides a greatest profit for a seller of the consumer product.

Claims (19)

1 . A system of determining a structure for financing a vehicle comprising:

a memory device for receiving a plurality of inputs including at least a monthly payment value and a down payment value;

a user interface device for a user to input the plurality of inputs to the memory;

a central processing unit operable to:

calculate in the computer a plurality of potential financial structures for vehicles based upon the monthly payment value and the down payment value; and

select by the central processing unit from the plurality of potential financial structures, an optimum financial structure that provides a greatest profit for a seller of one of the vehicles; and

a display for showing the optimum financial structure.

2 . The system of claim 1 , wherein the central processing unit is remote from the display.

3 . A user interface screen for assisting a user determine a structure for financing a vehicle comprising:

a user interface device to input a plurality of inputs including at least a monthly payment value and a down payment value into a memory;

a processing unit for calculating a plurality of potential financial structures for the vehicles products based upon the monthly payment value and the down payment value; and selecting by the processing unit from the plurality of potential financial structures, an optimum financial structure that provides a greatest profit for a seller of one of the vehicles; and

a display screen for showing a results panel the optimum financial structure.

4 . The GUI of claim 3 , further comprising a MVP panel for a current vehicle.

5 . The GUI of claim 3 , further comprising a MVP panel for all inventory.

6 . A method of determining a structure for financing a vehicle through a computer implemented process comprising:

receiving in a computer a plurality of inputs including at least a monthly payment value and a down payment value;

calculating in the computer a plurality of potential financial structures for the vehicles based upon the monthly payment value and the down payment value;

selecting by the computer from the plurality of potential financial structures, an optimum financial structure that provides a greatest profit for a seller of one of the vehicles; and

displaying the optimum financial structure.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded May 27, 2021
From: NOWCOM CORPORATION
To: NOWCOM, LLC
Reel/Frame 056370/0033 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Dec 8, 2018
From: SINGH, AMARPAL; HANKEY, DON RUFUS
To: NOWCOM CORPORATION
Reel/Frame 047715/0199 →