Granted Patent B2

US 12,417,432 · App. 17/938,729 · Granted Sep 16, 2025

Inventor: Darren John Scopazzi (Barrie, CA)

Assignee: Mobials Inc.

G06Q10/087

Abstract

Claims (60)

1. A method for determining eligible vehicles for a purchaser, executed by a computing device, the method comprising:

receiving purchaser financing information associated with a purchaser of a vehicle;

receiving a vehicle indicator associated with the purchaser defining at least one vehicle value;

determining credit conditions associated with the purchaser financing information from a financial institution including a credit worthiness score;

searching a vehicle inventory source identifying a plurality of available vehicles and associated vehicle inventory information using the vehicle indicator and a total amount to finance (TATF) from the credit conditions and a determined value of a respective vehicle in the vehicle inventory information; and

returning a subset of eligible vehicles determined from the vehicle inventory source complying with financing booking requirements for the financial institution to a computing device of the purchaser for display thereon.

2. The method of claim 1 wherein searching the vehicle inventory source further comprises determining a vehicle value from a vehicle value provider using a vehicle identification number.

3. The method of claim 1 wherein the vehicle inventory source is a vehicle inventory associated with one or more vehicle dealerships.

4. The method of claim 1 wherein the vehicle inventory source is a vehicle inventory associated with one or more on-line vehicle selling collection websites.

5. The method of claim 1 wherein the vehicle inventory sources comprises multiple vehicle inventory sources.

6. The method of claim 1 wherein the credit worthiness score is determined by the financial institutions based upon a credit history associated with the purchaser.

7. The method of claim 5 wherein a credit history is retrieved from a credit bureau.

8. The method of claim 1 wherein the credit worthiness is further determined by one of age, education, income or job description by the financial institution.

9. The method of claim 1 wherein searching the vehicle inventory source further comprises:

determining a minimum vehicle value required to provide desired or approved financing amount or desired or approved monthly payments based upon financing booking requirements associated with a financial institution and the purchaser financing information;

determining a fixed interest rate from the finance booking requirements based on a model year of the respective vehicle for the purchaser; and

calculating a payment amount based on at least the fixed interest rate and the determined value of the respective vehicle for a defined term.

10. The method of claim 1 wherein searching the vehicle inventory source comprises:

processing the vehicle inventory source identifies a plurality of available vehicles and associated vehicle inventory information, to identify from a plurality of available vehicles a subset of eligible vehicles eligible for the purchaser for each vehicle having an associated vehicle identification number (VIN) above a minimum vehicle value:

calculating actual monthly payments for the vehicle associated with a respective VIN; and

adding the vehicle and monthly payments to the subset of eligible vehicles for purchase when the calculated actual monthly payments is equal to or below a desired or approved monthly payments.

11. The method of claim 1 wherein the vehicle is added to the subset of eligible vehicles when the TATF is greater than or equal to the determined value associated with the respective vehicle and a calculated payment amount is less than or equal to a specified payment amount.

12. The method of claim 1 , wherein for each eligible vehicle further determining a maximum loan term based on a condition of the vehicle, and wherein determining a payment amount comprises determining a recurring payment amount based on a determined fixed rate interest and the maximum loan term.

13. The method of claim 12 , wherein the maximum loan term is further based on mileage of the vehicle.

14. The method of claim 1 , wherein the finance booking requirements specify:

fixed interest rates based on a model year of the vehicle and a plurality of credit ratings;

maximum recurring payments based on the plurality of credit ratings; and

maximum amounts to finance based on vehicle value and the plurality of credit ratings.

15. The method of claim 1 , further comprising:

for each of the eligible vehicles for the purchaser, determining additional financing amounts by:

determining a backend financing amount available from the finance booking requirements and the determined vehicle value associated with the respective vehicle; and

determining a frontend financing amount available from a difference between the TATF and the determined value of the respective vehicle.

16. The method of claim 1 , wherein the vehicle inventory source of a plurality of available vehicles and associated vehicle inventory information stores for each vehicle:

a unique vehicle identification number (VIN)

a make of the vehicle;

a model of the vehicle;

a model year of the vehicle;

a trim level of the vehicle; and

mileage of the vehicle.

17. The method of claim 1 , further comprising:

periodically updating the vehicle inventory source to add vehicle inventory information of newly available vehicles and removing unavailable vehicles; and

determining a book value for any newly added vehicles from at least one more 3rd party valuation services.

18. The method of claim 1 further comprising:

receiving a selection of a vehicle from the eligible vehicles;

initiating a final approval and delivery process for the purchaser; and

sending a confirmation to the computing device of the purchaser.

19. A system for determining eligible vehicles for a purchaser comprising:

a processor coupled to one or more vehicle inventory source computing devices through a network;

a memory coupled to the processor, the memory containing instructions to:

receive purchaser financing information associated with a purchaser of a vehicle;

receive a vehicle indicator associated with the purchaser defining at least one vehicle value;

determine credit conditions associated with the purchaser financing information from a financial institution;

search a vehicle inventory source identifying a plurality of available vehicles and associated vehicle inventory information using the vehicle indicator and a total amount to finance (TATF) from the credit conditions and a determined value of a respective vehicle in the vehicle inventory information; and

return a subset of eligible vehicles determined from the vehicle repository complying with financing booking requirements for the financial institution to a computing device of the purchaser for display thereon.

20. A non-transitory computer readable memory containing instructions which when executed by a processor performs a method of determining eligible vehicles for a purchaser, the method comprising:

receiving purchaser financing information associated with a purchaser of a vehicle;

receiving a vehicle indicator associated with the purchaser defining at least one vehicle value;

determining credit conditions associated with the purchaser financing information from a financial institution;

searching a vehicle inventory source identifying a plurality of available vehicles and associated vehicle inventory information using the vehicle indicator and a total amount to finance (TATF) from the credit conditions and a determined value of a respective vehicle in the vehicle inventory information; and

returning a subset of eligible vehicles determined from the vehicle inventory source complying with financing booking requirements for the financial institution to a computing device of the purchaser for display thereon.

Assignments (3)

Continuity (5)

References Cited (16)