Systems and methods for exporting auto finance information

Patent metadata

Field	Value
Publication number	US-10580071-B2
Application number	US-201815861829-A
Country	US
Kind code	B2
Filing date	Jan 4, 2018
Priority date	Jan 17, 2014
Publication date	Mar 3, 2020
Grant date	Mar 3, 2020

Abstract

This disclosure relates generally to systems and methods for providing personalized financing information and, more particularly, systems and methods for providing personalized financing information via a dealership website using an API associated with a financial service provider. In one embodiment, a system includes memory hardware storing instructions that configure processing hardware to receive a loan request for a buyer via a real-time API that includes at least buyer identification and financial information and information associated at least one inventory item presented on a dealership website. The system may also determine financing information comprising prospective financing terms for the at least one item based on at least the loan request. The server may also provide, to the dealership server via the real-time API, the determined financing information for presentation on the dealership website, including prospective financing terms information corresponding to each of the at least one item.

First claim

What is claimed is:

1. A financial service system for providing personalized financing information via a financing user interface integrated into a dealership website, comprising:
memory hardware storing instructions; and
processing hardware configured to execute the instructions to perform operations comprising:
receiving, from a dealership server via an Application Programming Interface (API) configured to provide real-time financing information determinations, a loan request submitted to the dealership server via the financing user interface integrated into the dealership website, the loan request comprising identification information of a buyer, financial information of the buyer, one or more loan preferences of the buyer, and information associated with a vehicle selected by the buyer from an inventory listing presented to the buyer via the financing user interface;
wherein the loan request is submitted by the buyer via the financing user interface integrated into the dealership website, without redirecting the buyer to any other website;
receiving, via a third-party system, valuation information of the selected vehicle based on the received vehicle information, the valuation information comprising a depreciation rate during a financing period associated with prospective financing terms;
determining financing information, in response to the received loan request and the valuation information of the selected vehicle, the determined financing information comprising prospective financing terms for the selected vehicle;
providing, to the dealership server via the API, the determined financing information for the selected vehicle for presentation to the buyer via the financing user interface integrated into the dealership website, wherein:
the financing user interface displays the determined financing information for the selected vehicle as integrated with information of the selected vehicle for the buyer to see via the financing user interface integrated into the dealership website; and
the financing user interface receives inputs from the buyer to adjust the prospective financing terms of the determined financing information; and

updating, in real-time, via the API and the financing user interface, the determined financing information based on the inputs from the buyer.

2. The system of claim 1 , wherein the information associated with the vehicle comprises at least one of a type of vehicle, a price of the vehicle, or a model year of the vehicle.

3. The system of claim 1 , wherein the loan request further comprises one or more of a vehicle identification number, buyer proof of income, buyer proof of insurance, a back-end product, gap insurance, a buyer loan optimization preference, or a third party offer.

4. The system of claim 1 , wherein the determined financial information comprises an interest rate, a loan duration, a number of monthly loan payments, an amount per loan payment, and fees associated with a loan.

5. The system of claim 1 , wherein the operations further comprise providing the loan request to a second third party to request the second third party to provide a loan associated with the selected vehicle to the buyer.

6. The system of claim 1 , wherein:
the loan request further comprises a buyer selection of a plurality of vehicles from the inventory listing and information associated with the selected plurality of vehicles;
the determined financing information comprises prospective financing terms for the selected vehicles; and
the operations further comprise providing the determined financing information, for the selected vehicles, to the dealership server.

7. The system of claim 6 , wherein the prospective financing terms for the selected vehicles comprises different financing terms for each of the selected vehicles.

8. The system of claim 1 , wherein the prospective financing terms for the selected vehicle are based on the financial information of the buyer.

9. A method for providing personalized financing information via a financing user interface integrated into a dealership website, comprising:
receiving, from a dealership server via an Application Programming Interface (API) configured to provide real-time financing information determinations, a loan request submitted to the dealership server via the financing user interface integrated into the dealership website, the loan request comprising identification information of a buyer, financial information of the buyer, one or more loan preferences of the buyer, and information associated with a vehicle selected by the buyer from an inventory listing presented to the buyer via the financing user interface;
wherein the loan request is submitted by the buyer via the financing user interface integrated into the dealership website, without redirecting the buyer to any other website;
receiving, via a third-party system, valuation information of the selected vehicle based on the received vehicle information, the valuation information comprising a depreciation rate during a financing period associated with prospective financing terms;
determining financing information, in response to the received loan request and the valuation information of the selected vehicle,
the determined financing information comprising prospective financing terms for the selected vehicle;
providing, to the dealership server via the API, the determined financing information for the selected vehicle for presentation to the buyer via the financing user interface integrated into the dealership website, wherein:
the financing user interface displays the determined financing information for the selected vehicle as integrated with information of the selected vehicle for the buyer to see via the financing user interface integrated into the dealership website; and
the financing user interface receives inputs from the buyer to adjust the prospective financing terms of the determined financing information; and
updating, in real time, via the API and the financing user interface, the determined financing information based on the inputs from the buyer.

10. The method of claim 9 , wherein the information associated with the vehicle comprises at least one of a type of vehicle, a price of the vehicle, or a model year of the vehicle.

11. The method of claim 9 , wherein the loan request comprises one or more of a vehicle identification number, buyer proof of income, buyer proof of insurance, a back-end product, gap insurance, a buyer loan optimization preference, or a third party offer for the selected vehicle.

12. The method of claim 9 , wherein the determined financial information comprises an interest rate, a loan duration, a number of monthly loan payments, an amount per loan payment, and fees associated with a loan for the selected vehicle.

13. The method of claim 9 , wherein the operations further comprise providing the loan request to a second third party to request the second third party to provide a loan associated with the selection to the buyer.

14. The method of claim 9 , wherein:
the loan request comprises a buyer selection of a plurality of vehicles from the inventory listing and information associated with the selected plurality of vehicles;
the determined financing information comprises prospective financing terms for the selected vehicles; and
the operations further comprise providing the determined financing information, for the selected vehicles, to the dealership server.

15. The method of claim 14 , wherein the prospective financing terms for the selected vehicles comprises different financing terms for each of the selected vehicles.

1

Assignees

• Capital One Financial Corp
• Capital One Services Llc

Inventors

• Forrester Katherine
• Dolle Nicholas
• Zhang Xiaoxiang
• Johnson Kurt
• Whalen Jeffrey
• Gray David
• Webb Shaun
• Suri Maninder
• Markas Ruhaab

Classifications

• G06Q40/025 Primary

  Physics · mapped topic

• G06Q40/03 Primary

  Credit; Loans; Processing thereof · CPC title