System and method for providing a score for a used vehicle
AssigneeExperian Information Solutions, Inc.
InventorsEdith Hirtenstein, David Nemtuda
Life of this patent
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Abstract
One embodiment of the system and method described herein provides a score generator system that generates an automated vehicle specific valuation of a used car based on the physical and historical attributes of that vehicle. This score may indicate the likelihood that the vehicle will be on the road in a specific period of time. The score may give an absolute percentage of such likelihood or it may give a value relative to all other used vehicles in a database, all other used vehicles of the same make/model/year, or a certain subset of the vehicles in a database. In one embodiment, the score generator system includes a data link module for linking vehicle data and filter module for applying a multi-level filters that process the linked vehicle data.
Claims9
A vehicle scoring system, comprising:
- a computer system having a processor that supports operation of a software application, wherein the computer system is configured to receive a request from a user, the request identifying a specific vehicle with only a vehicle identification number, and to communicate the vehicle identification number to a filter module;
- a data storage module, accessed on the computer system, including a plurality of vehicle data records obtained from at least one of a title information database, a registration information database, a Department of Motor Vehicle (DMV) records database, an auction records database, and an accident records database;
- the filter module, executed on the computer system, comprising:
- a first filter for obtaining relevant vehicle-related data from the data storage module's plurality of vehicle data records using only the vehicle identification number received in the request, the vehicle-related data comprising a plurality of factors;
- a second filter for comparing the obtained vehicle-related data of a specific vehicle to the obtained vehicle-related data of comparison vehicles and assigning a numerical value to at least one of the factors comprising the relevant vehicle-related data;
- and
- a third filter for weighting and combining the numerical values of the relevant vehicle-related data into a vehicle score for the specific vehicle, wherein weighting is determined by a modeling technique applied to the plurality of data records,
- wherein combining comprises adding the weighted numerical values;
- and
- an output module for reporting an indication of the vehicle score to a user, wherein the indication of the vehicle score is one of a number and a range of numbers from a preselected scale, wherein the preselected scale is at least one of 0 to 100, 0 to 10 and 0% to 100%.
Dependencies are inferred from the claim text.