# US 12,002,089 B2 · Systems and methods for providing user-controlled automobile financing > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 12,002,089 B2 - Document ID: US12002089B2 - Status: Granted - Kind: B2 - Application number: 17/558,692 - Filed: 2021-12-22 - Published: 2022-04-14 - Granted: 2024-06-04 - Earliest claimed: 2013-07-30 - Assignees: Capital One Services, LLC - Applicants: Capital One Services, LLC - Inventors: Katherine D. Forrester; Patrick A. Eberle; Nicholas Dolle; Steven G. Chiagouris; JoAnna R. Hartzmark; Xiaoxiang Zhang; Kurt Johnson; Kenneth S. Childs - Web page: https://patentgrep.com/patent/US12002089B2 ## CPC - G06Q 40/03: Credit; Loans; Processing thereof - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract Methods and systems are disclosed for providing approved financing in advance of a purchase to a buyer of an item, such as an automobile, and allowing the prospective buyer to maintain control over the financing throughout the sales process. According to disclosed embodiments, a financial service system configures a financing website for the buyer, and receives personal information as well as information relating to the desired item. The financial service system approves loan parameters for the buyer, and provides the user with a link to access the financing website on a mobile device while at a dealership. Financing parameters can thus be edited throughout the process until the final sales agreement, providing the buyer with confidence and flexibility in the buying process. ## Claims ### Claim 1 A method for providing interfaces for client devices to update financing terms for a loan, the method comprising: providing, to a client device, user interface instructions for displaying an interface on the client device for a buyer to purchase a vehicle; transmitting a notice to a dealer system that the buyer selected the vehicle associated with a dealer, wherein the notice further includes a set of prequalification loan terms for the buyer; receiving a notification that a prequalification loan term of the set of prequalification loan terms has changed; providing, to the buyer via the interface of the client device, an access link that provides remote access to a graphical user interface comprising an indication of the prequalification loan term based on the notification being received; receiving, via the interface of the client device, based on the access link being accessed, a request to approve or alter the prequalification loan term; determining updated financing information based on (i) an altered prequalification loan term or (ii) an approved prequalification loan term received via the interface of the client device; associating an approval code with the updated financing information; providing, via the interface of the client device, a map indicating locations of a plurality of dealers, wherein the map comprises one or more visual representations associated with each of the plurality of dealers; receiving, via the interface of the client device, a selection of a visual representation of the dealer system from the plurality of dealers; and providing, to the dealer system, via the interface of the client device, the approval code and a link for the dealer system to access the updated financing information including the prequalification loan term. ### Claim 2 (depends on 1) The method of claim 1, further comprising: receiving a purchase notification that the vehicle has been purchased with the set of prequalification loan terms; and receiving instructions to initiate payment for the vehicle that has been purchased. ### Claim 3 (depends on 1) The method of claim 1, further comprising: analyzing, via the interface of the client device, a prequalification determination by: receiving, via the interface of the client device, a loan indication that the buyer seeks to secure approved loan financing to purchase the vehicle in advance of purchasing the vehicle; receiving, via the interface of the client device, personal information associated with the buyer; performing a risk assessment of the buyer based on the personal information; and providing, via the interface of the client device, qualification information to the buyer based on the risk assessment, wherein the qualification information comprises at least an amount of an approved loan and an interest rate for the updated financing information. ### Claim 4 (depends on 3) The method of claim 3, wherein the approval code is a reference number for the approved loan. ### Claim 5 (depends on 3) The method of claim 3, wherein the set of prequalification loan terms further comprises at least one of an estimated monthly payment amount or the interest rate for the approved loan. ### Claim 6 (depends on 3) The method of claim 3, further comprising: prompting the buyer, via the interface of the client device, to configure a payment account for making monthly payments. ### Claim 7 (depends on 3) The method of claim 3, wherein the personal information comprises an electronic document uploaded via the interface of the client device, the electronic document providing at least one of an identification of the buyer, proof of income, contact information, or references. ### Claim 8 A system comprising: one or more processors; and a non-transitory computer-readable storage medium storing instructions, which when executed by the one or more processors cause the one or more processors to: provide, to a client device, user interface instructions for displaying an interface on the client device for a buyer to purchase a vehicle; transmit a notice to a dealer system that the buyer selected the vehicle associated with a dealer, wherein the notice further includes a set of prequalification loan terms for the buyer; receive a notification that a prequalification loan term of the set of prequalification loan terms has changed; provide, to the buyer in response to the notification and via the interface of the client device, an access link that when selected provides remote access to a graphical user interface comprising an indication of the prequalification loan term; in response to the access link being accessed, receive, via the interface of the client device, a request to approve or alter the prequalification loan term; determine updated financing information based on (i) an altered prequalification loan term or (ii) an approved prequalification loan term received via the interface of the client device; associate an approval code with the updated financing information; provide, via the interface of the client device, a map indicating locations of a plurality of dealers, wherein the map comprises one or more visual representations associated with each of the plurality of dealers; receive, via the interface of the client device, a selection of a visual representation of the dealer system from the plurality of dealers; and provide, to the dealer system, via the interface of the client device, the approval code and a link for the dealer system to access the updated financing information including the prequalification loan term. ### Claim 9 (depends on 8) The system of claim 8, wherein the one or more processors are further ca used to: receive a purchase notification that the vehicle has been purchased with the set of prequalification loan terms; and receive payment instructions to initiate payment for the vehicle that was purchased. ### Claim 10 (depends on 8) The system of claim 8, wherein the one or more processors are further ca used to: analyze, via the interface of the client device, a prequalification determination by: receiving, via the interface of the client device, a loan indication that the buyer seeks to secure approved loan financing to purchase the vehicle in advance of purchasing the vehicle; receiving, via the interface of the client device, personal information associated with the buyer; performing a risk assessment of the buyer based on the personal information; and providing, via the interface of the client device, qualification information to the buyer based on the risk assessment, wherein the qualification information comprises at least an amount of an approved loan and an interest rate for the updated financing information. ### Claim 11 (depends on 10) The system of claim 10, wherein the personal information comprises an electronic document uploaded via the interface of the client device, the electronic document providing at least one of an identification of the buyer, proof of income, contact information, or references. ### Claim 12 (depends on 10) The system of claim 10, wherein the approval code is a reference number for the approved loan. ### Claim 13 (depends on 10) The system of claim 10, wherein the set of prequalification loan terms further comprises at least one of an estimated monthly payment amount or the interest rate for the approved loan. ### Claim 14 (depends on 8) The system of claim 8, wherein the one or more processors are further ca used to: prompt the buyer, via the interface of the client device, to configure a payment account for making monthly payments. ### Claim 15 A non-transitory computer-readable medium for storing instructions that, when executed by one or more processors, cause the one or more processors to perform operations comprising: providing, to a client device, user interface instructions for displaying an interface on the client device for a buyer to purchase a vehicle; transmitting a notice to a dealer system that the buyer selected the vehicle associated with a dealer, wherein the notice further includes a set of prequalification loan terms for the buyer; receiving a notification that a prequalification loan term of the set of prequalification loan terms has changed; providing, to the buyer in response to the notification and via the interface of the client device, an access link that when selected provides remote access to a graphical user interface comprising an indication of the prequalification loan term; in response to the access link being accessed, receiving, via the interface of the client device, a request to approve or alter the prequalification loan term; determining updated financing information based on (i) an altered prequalification loan term or (ii) an approved prequalification loan term received via the interface of the client device; associating an approval code with the updated financing information; providing, via the interface of the client device, a map indicating locations of a plurality of dealers, wherein the map comprises one or more visual representations associated with each of the plurality of dealers; receiving, via the interface of the client device, a selection of a visual representation of the dealer system from the plurality of dealers; and providing, to the dealer system, via the interface of the client device, the approval code and a link for the dealer system to access the updated financing information including the prequalification loan term. ### Claim 16 (depends on 15) The non-transitory computer-readable medium of claim 15, wherein the operations further comprise: receiving a purchase notification that the vehicle has been purchased with the set of prequalification loan terms; and receiving payment instructions to initiate payment for the vehicle that was purchased. ### Claim 17 (depends on 15) The non-transitory computer-readable medium of claim 15, wherein the operations further comprise: analyzing, via the interface of the client device, a prequalification determination by: receiving, via the interface of the client device, a loan indication that the buyer seeks to secure approved loan financing to purchase the vehicle in advance of purchasing the vehicle; receiving, via the interface of the client device, personal information associated with the buyer; performing a risk assessment of the buyer based on the personal information; and providing, via the interface of the client device, qualification information to the buyer based on the risk assessment, wherein the qualification information comprises at least an amount of an approved loan and an interest rate for the updated financing information. ### Claim 18 (depends on 17) The non-transitory computer-readable medium of claim 17, wherein the approval code is a reference number for the approved loan. ### Claim 19 (depends on 17) The non-transitory computer-readable medium of claim 17, wherein the set of prequalification loan terms further comprises at least one of an estimated monthly payment amount or the interest rate for the approved loan. ### Claim 20 (depends on 15) The non-transitory computer-readable medium of claim 15, wherein the operations further comprise: prompting the buyer, via the interface of the client device, to configure a payment account for making monthly payments.