Patent Issued for Transaction pre-negotiation and optimization (USPTO 11676202): United Services Automobile Association
2023 JUL 03 (NewsRx) -- By a
The patent’s assignee for patent number 11676202 is
News editors obtained the following quote from the background information supplied by the inventors: “Typically, purchasing a vehicle or other expensive item may be a stressful experience for an individual. The potential purchaser walking through a showroom or a vehicle sales lot may be confronted with sales personnel whose goal is to maximize the sale price and who may not necessarily be focused on the purchaser’s concerns. Moreover, the purchaser may be disadvantaged during negotiations with the seller, given that the purchaser may not have ready access to objective information that would inform the purchase decision. For these reasons, the purchaser may lack confidence that they are getting the best deal or that their other concerns have been adequately addressed.”
As a supplement to the background information on this patent, NewsRx correspondents also obtained the inventors’ summary information for this patent: “Implementations of the present disclosure are generally directed to facilitating and/or optimizing a transaction. More specifically, implementations are directed to providing an integrated transaction interface and platform that integrates information from various data services to provide cost information and recommendations for a transaction, and that provides an auction-based pre-negotiation to optimize a transaction.
“In general, implementations of innovative aspects of the subject matter described in this specification can be embodied in a method that includes the following operations: transmitting, to a service executing on at least one remote computing device, a request that identifies an item for a transaction and receiving, in response, seller information that is transmitted by the service, wherein the seller information describes: i) an initial price for the item, and ii) sellers that have the item available; transmitting a bid request to a respective seller computing device associated with each of the sellers and receiving, in response, a respective bid price from each seller computing device; selecting at least one bid price that is lowest among the bid prices received from the seller computing devices; determining a seller that corresponds to one of the selected at least one bid price; transmitting, to the seller computing device of the determined seller, a seller confirmation message confirming that the seller commits to the transaction for the item at the bid price provided by the determined seller; and generating a loan application for the transaction for the item, based at least partly on the bid price provided by the determined seller.
“These and other implementations can each optionally include one or more of the following innovative aspects: the operations further include transmitting a user confirmation message to a user device, the user confirmation message that indicates the determined seller and the bid price provided by the determined seller; the operations further include receiving one or more search terms entered through a user interface (UI) to search for the item; the operations further include determining a plurality of items corresponding to the one or more search terms; the operations further include receiving an indication of the item that is selected through the UI from the plurality of items; the operations further include determining a total periodic cost for the item, including a periodic payment for a loan to be used to purchase the item, the loan corresponding to the loan application; the total periodic cost is a monthly cost of the item; an amount of the loan is the initial price; the amount of the loan is adjusted based on the bid price provided by the determined seller; the operations further include calculating a first periodic cost of the item, wherein the first period cost is calculated based at least partly on at least one characteristic of a purchaser of the item; the operations further include determining at least one second periodic cost of the item, wherein the at least one second periodic cost is calculated based at least partly on at least one characteristic of the item; the operations further include determining the total periodic cost of the item as a sum of the first periodic cost and the at least one second periodic cost; the operations further include presenting the total periodic cost through a UI; the item is a vehicle; the at least one second periodic cost includes one or more of a fuel cost, a maintenance cost, a repair cost, and an insurance cost; the first periodic cost is a periodic payment for the loan that is calculated based on at least one financial characteristic of the purchaser; determining the at least one second periodic cost of the item includes requesting, from at least one other service, item information that describes the at least one second periodic cost of the item; determining the at least one second periodic cost of the item includes requesting, from at least one other service, item information associated with the item, and calculating the at least one second periodic cost of the item based on the item information and at least one behavioral characteristic of the purchaser; the item information describes typical gas mileage for the vehicle; the at least one behavioral characteristic includes a typical distance driven during a period used to calculate the at least one second periodic cost; and/or calculating the at least one second periodic cost includes calculating an expected fuel cost based on the gas mileage of the vehicle and the typical distance driven.
“Other implementations of any of the above aspects include corresponding methods, apparatus, and/or computer programs that are configured to perform the actions of the system. The present disclosure also provides a computer-readable storage medium coupled to one or more processors and having instructions stored thereon which, when executed by the one or more processors, cause the one or more processors to perform operations in accordance with implementations of the methods provided herein. The present disclosure further provides a system for implementing the methods provided herein. The system includes one or more processors, and a computer-readable storage medium coupled to the one or more processors having instructions stored thereon which, when executed by the one or more processors, cause the one or more processors to perform operations in accordance with implementations of the methods provided herein.
“It is appreciated that implementations in accordance with the present disclosure can include any combination of the aspects and features described herein. That is, implementations in accordance with the present disclosure are not limited to the combinations of aspects and features specifically described herein, but also include any other appropriate combinations of the aspects and features provided.”
The claims supplied by the inventors are:
“1. A system comprising: at least one processor; and a memory communicatively coupled to the at least one processor, the memory storing instructions which, when executed, cause the at least one processor to perform operations comprising: identifying a set of available vehicles for sale using a machine learning model trained, based on user interactions within a user account, to identify vehicles that match on or more of a particular user’s preferences; providing, for presentation on a mobile computing device, a graphical user interface (GUI) comprising a list of a plurality of vehicles for sale, wherein the list includes at least one of the vehicles from the set of available vehicles; determining, based on location data from a satellite navigation system of the mobile computing device, that the mobile computing device is located at a geographical location of a seller for a period of time; and in response to determining that the mobile computing device is located at the geographical location of the seller for the period of time, providing data to update the list in the GUI, wherein the data includes information associated with one or more vehicles that are in stock at the geographical location of the seller.
“2. The system of claim 1, further comprising determining that the mobile computing device has been located at the geographical location of the seller for a period of time that exceeds a threshold time period, and, in response, providing a notification for display on the mobile computing device, wherein the notification requests whether a user of the mobile computing device requires assistance while at the geographical location of the seller.
“3. The system of claim 1, wherein the operations further comprise: receiving user input indicating as selection of a vehicle from among the list of vehicles; and in response to the user input, determining a total periodic cost for the vehicle, including a periodic payment for a loan to be used to purchase the vehicle.
“4. The system of claim 3, wherein: an amount of the loan is an initial price of the vehicle; and the amount of the loan is adjusted based on an offer price provided by the seller.
“5. The system of claim 3, the operations further comprising: calculating a first periodic cost of the vehicle, wherein the first period cost is calculated based at least partly on at least one characteristic of a purchaser of the vehicle; determining at least one second periodic cost of the vehicle, wherein the at least one second periodic cost is calculated based at least partly on at least one characteristic of the vehicle; determining the total periodic cost of the vehicle as a sum of the first periodic cost and the at least one second periodic cost; and presenting the total periodic cost through the GUI.
“6. The system of claim 5, wherein the at least one second periodic cost includes one or more of a fuel cost, a maintenance cost, a repair cost, and an insurance cost.
“7. The system of claim 5, wherein the first periodic cost is a periodic payment for the loan that is calculated based on at least one financial characteristic of the purchaser.
“8. The system of claim 5, wherein determining the at least one second periodic cost of the vehicle includes requesting, from at least one other service, vehicle information that describes the at least one second periodic cost of the vehicle.
“9. The system of claim 5, wherein determining the at least one second periodic cost of the vehicle includes: requesting, from at least one other service, vehicle information associated with the vehicle; and calculating the at least one second periodic cost of the vehicle based on the vehicle information and at least one behavioral characteristic of the purchaser.
“10. The system of claim 9, wherein: the vehicle information describes typical gas mileage for the vehicle; the at least one behavioral characteristic includes a typical distance driven during a period used to calculate the at least one second periodic cost; and calculating the at least one second periodic cost includes calculating an expected fuel cost based on the gas mileage of the vehicle and the typical distance driven.
“11. A computer-implemented method, comprising: identifying a set of available vehicles for sale using a machine learning model trained, based on user interactions within a user account, to identify vehicles that match one or more of a particular user’s preferences; providing, for presentation on a mobile computing device, a graphical user interface (GUI) comprising a list of a plurality of vehicles for sale, wherein the list includes at least one of the vehicles from the set of available vehicles; determining, based on location data from a satellite navigation system of the mobile computing device, that the mobile computing device is located at a geographical location of a seller for a period of time; and in response to determining that the mobile computing device is located at the geographical location of the seller for the period of time, providing data to update the list in the GUI, wherein the data includes information associated with one or more vehicles that are in stock at the geographical location of the seller.
“12. The method of claim 11, further comprising determining that the mobile computing device has been located at the geographical location of the seller for a period of time that exceeds a threshold time period, and, in response, providing a notification for display on the mobile computing device, wherein the notification requests whether a user of the mobile computing device requires assistance while at the geographical location of the seller.
“13. The method of claim 11, wherein the method further comprises: receiving user input indicating as selection of a vehicle from among the list of vehicles; and in response to the user input, determining a total periodic cost for the vehicle, including a periodic payment for a loan to be used to purchase the vehicle.
“14. The method of claim 13, wherein: an amount of the loan is an initial price of the vehicle; and the amount of the loan is adjusted based on an offer price provided by the seller.
“15. The method of claim 13, further comprising: calculating a first periodic cost of the vehicle, wherein the first period cost is calculated based at least partly on at least one characteristic of a purchaser of the vehicle; determining at least one second periodic cost of the vehicle, wherein the at least one second periodic cost is calculated based at least partly on at least one characteristic of the vehicle; determining the total periodic cost of the vehicle as a sum of the first periodic cost and the at least one second periodic cost; and presenting the total periodic cost through the GUI.
“16. The method of claim 15, wherein the at least one second periodic cost includes one or more of a fuel cost, a maintenance cost, a repair cost, and an insurance cost.
“17. The method of claim 15, wherein the first periodic cost is a periodic payment for the loan that is calculated based on at least one financial characteristic of the purchaser.
“18. The method of claim 15, wherein determining the at least one second periodic cost of the vehicle includes requesting, from at least one other service, vehicle information that describes the at least one second periodic cost of the vehicle.
“19. One or more non-transitory computer-readable storage media storing instructions which, when executed, cause at least one processor to perform operations comprising: identifying a set of available vehicles for sale using a machine learning model trained, based on user interactions within a user account, to identify vehicles that match one or more of a particular user’s preferences; providing, for presentation on a mobile computing device, a graphical user interface (GUI) comprising a list of a of vehicles for sale, wherein the list includes at least one of the vehicles from the set of available vehicles; determining, based on location data from a satellite navigation system of the mobile computing device, that the mobile computing device is located at a geographical location of a seller for a period of time; and in response to determining that the mobile computing device is located at the geographical location of the seller for the period of time, providing data to update the list in the GUI, wherein the data includes information associated with one or more vehicles that are in stock at the geographical location of the seller.
“20. The one or more computer-readable storage media of claim 19, wherein the operations further comprise: receiving user input indicating as selection of a vehicle from among the list of vehicles; in response to the user input, determining a total periodic cost for the vehicle, including a periodic payment for a loan to be used to purchase the vehicle, wherein determining the total periodic cost comprises: calculating a first periodic cost of the vehicle, wherein the first period cost is calculated based at least partly on at least one characteristic of a purchaser of the vehicle; determining at least one second periodic cost of the vehicle, wherein the at least one second periodic cost includes one or more of a fuel cost, a maintenance cost, a repair cost, and an insurance cost; determining the total periodic cost of the vehicle as a sum of the first periodic cost and the at least one second periodic cost; and presenting the total periodic cost through the GUI.”
For additional information on this patent, see: Latronico, Brian. Transaction pre-negotiation and optimization.
(Our reports deliver fact-based news of research and discoveries from around the world.)
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