System and method for facilitating the real-time pricing, sale and appraisal of used vehicles

Abstract

The present invention relates to a system and method for facilitating the real-time pricing, sale, and appraisal of used vehicles. In an embodiment of the present invention, there is provided a computer-based system and method of collecting data supplied from buyers in constructing appraisal profiles, and for calculating, in real-time, a guaranteed price for a used vehicle having specific attributes as described by a seller based on the appraisal profiles. According to one aspect of the present invention, there is provided a method of facilitating the real-time pricing, sale, and appraisal of a used vehicle comprising the steps of receiving input data and generating at least one associated appraisal profile for each of a first plurality of buyers, where the input data associated with an appraisal profile comprises check writing prices for a plurality of used vehicle models, where each check writing price represents a price offered by the respective buyer to purchase a used vehicle of a used vehicle model to which a plurality of base conditions apply; receiving a request from a seller for a guaranteed price for a specific seller-identified used vehicle, where the used vehicle model and actual condition of the seller-identified used vehicle are described in the request; generating at least one guaranteed price for the seller-identified used vehicle from the at least one appraisal profile; and outputting the guaranteed prices to the seller.

Dependencies are inferred from the claim text.