US 2017/0287019 A1 · MOBILE, CROWD SOURCED VEHICLE APPRAISAL APPLICATION

Abstract

The system provides a way to quickly rate and grade a vehicle using a guided template on a smartphone, tablet, or other mobile device. Once graded, a vehicle can be viewed against available market book and online resale values that are geo-specific, with final rating information based on the inspection pushed into a cloud of connected users in crowdsourced manner that allows users to respond with non-binding bids to purchase the vehicle, creating both a dynamic and real time valuation of that vehicle for trade in purposes, as well as access to a wholesale market for possible immediate resale, dealer trade, or other transfer and disposition of the vehicle.

Claims10

Dependent claims

A method of appraising a vehicle comprising:

using a mobile device to;
obtain an image of the vehicle identification number (VIN) of the vehicle;
transmitting the VIN to a system server;
receiving, from the system server, system information about the vehicle based on the VIN;
confirming vehicle information based on the system information;
rating the vehicle condition using the mobile device to create a vehicle record;
transmitting the vehicle record to the system server;
receiving a first vehicle appraisal value from the system server;
transmitting the vehicle record to a plurality of users;
receiving one or more bids from the plurality of users to generate a second appraisal value.

7 more elements

Dependencies are inferred from the claim text.

Mobile, crowd sourced vehicle appraisal application

Life of this patent

Mobile, crowd sourced vehicle appraisal application

Life of this patent

Abstract

Claims10