System and method for electronic processing of vehicle transactions based on image detection of vehicle license plate

A system for automatically identifying a vehicle and facilitating a transaction related to the vehicle, the system comprising:

• a first mobile apparatus having:
• an image sensor configured to capture an optical image of a vehicle license plate and convert the optical image into an electrical signal,
• a license plate detector configured to identify the vehicle license plate information based on the electrical signal, and
• an interface configured to transmit the vehicle license plate information;
• a remote server having a computer processor and configured to:
• automatically identify vehicle configuration information based on the vehicle license plate information received from the first mobile apparatus,
• automatically transmit the vehicle configuration information to the first mobile apparatus,
• automatically provide for access vehicle sales information in response to a posting request from the first mobile apparatus, the posting request including at least an offered sales price;
• and
• a second mobile apparatus configured to display on an interface the vehicle sales information and to automatically initiate the transaction related to the vehicle in response to a user input on the interface,
• wherein the remote server is further configured to automatically facilitate the transaction related to the vehicle upon the second mobile apparatus initiating the transaction based on the user input.