| abstract |
A system for transacting vehicle sales and purchases is presented. The system includes a standard listing section wherein a vehicle is listed for sale; an auction block section wherein a vehicle is auctioned off wherein a system-mandated maximum floor and maximum ceiling prices are set; a lease and lease swap service which provides a marketplace where leased vehicles are listed and transferred and leases assigned and assumed; among other services. The standard listing tab facilitates transactions by providing both buyers and sellers an online portal to negotiate and finalize transaction terms remotely. The system also provides the parties real time data with regard to pricing, financing, transportation costs, vehicle history reports, third-party vehicle history inspections, and access to certified pre-owned vehicle programs and warranty programs. The combination of these services will reduce transaction time, costs and barriers to entry, while providing a higher degree of confidence when transacting vehicles. |