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US 2009/0157349 A1Published application
Method of quantifying paint and bodywork on automobiles and other painted objects using coating thickness gauges
AssigneeElcometer Limited
InventorJoseph J. Walker
Life of this patent
Estimating the term…
Abstract
A method is disclosed for a test and data retrieval method that not only provides an illustration of an object point condition but also provides a linear numerical data point, that gives the user a quantifiable number to determine the extent of body work and over paint for a pointed object that is being appraised, up for bid, or sold in a private treaty sale or auction.
Claims19
The method of determining the diminished value of used automobiles available for resale comprising the steps of:
- (a) utilizing a paint thickness gauge and determining the paint thickness at various data points on the exterior surface of the panels forming the top, sides, front, and rear of an automobile;
- (b) storing the readings of the data points in a data collection device;
- and
- (c) calculating the coefficient of variation (COV) of the readings of the data points by using the formulas:
- S
- =
- ∑
- i
- =
- 1
- n
-
- (
- x
- i
- -
- mean
- )
- 2
- (
- n
- -
- 1
- )
- and
- C
-
-
- O
-
-
- V
- =
- S
- mean
- ×
- 100
- where i=index of iteration starting at 1,n=number of readings, x=individual readings, mean=mean average of readings, Σ=summation, √=square root and S=sum;
- (d) placing the individual readings of the data points onto a template of the automobile;
- (e) assembling the coefficient of variation and automobile template with the data point readings along with other economic factors relating to the value of the automobile namely, tire wear, engine condition, frame damage, mileage, color and or other condition which can effect value of the automobile;
- and
- (f) viewing the automobile on or off-site to thereby evaluate the economic factors of the automobile thereby determining the diminished value of the used automobile.
39 more elements
The method of determining the diminished value of the exterior paint of a used automobile available for resale comprising the steps of:
- (a) utilizing a paint thickness gauge and determining the paint thickness at various data points on the exterior surface of the panels forming the top, sides, front, and rear of an automobile;
- (b) storing the readings of the data points in a data collection device;
- and
- (c) calculating the coefficient of variation (COV) of the readings of the data points by using the formulas:
- S
- =
- ∑
- i
- =
- 1
- n
-
- (
- x
- i
- -
- mean
- )
- 2
- (
- n
- -
- 1
- )
- and
- C
-
-
- O
-
-
- V
- =
- S
- mean
- ×
- 100
- where i=index of iteration starting at 1,n=number of readings, x=individual readings, mean=mean average of readings, Σ=summation, √=square root and S=sum.
35 more elements
Dependencies are inferred from the claim text.