Method and system for determining an actual cost of ownership

Patent metadata

Field	Value
Publication number	US-12198168-B2
Application number	US-202318178265-A
Country	US
Kind code	B2
Filing date	Mar 3, 2023
Priority date	Mar 29, 2019
Publication date	Jan 14, 2025
Grant date	Jan 14, 2025

Abstract

A computer-implemented method for determining an actual cost of ownership of a purchase product may include determining a baseline value of the purchase product, and receiving usage information representative of usage of a user product from a computing device in communication with the user product. The purchase product and the user product may belong to a same class of products. The method also may include determining a user cost component based on the received usage information, and determining an actual cost of ownership of the purchase product based on at least the baseline value and the user cost component.

First claim

What is claimed is:

1. A computer-implemented method for determining an actual cost of ownership associated with a vehicle, the method comprising:
determining a baseline value for the vehicle;
identifying a first user by radio communication between the vehicle and a computing device of the first user;
based on identifying the first user by radio communication between the vehicle and the computing device of the first user, receiving usage information representative of usage of the vehicle by the first user, the usage information having been measured with an accelerometer and a global positioning system receiver, the usage information including acceleration information from the accelerometer and including location information measured with the global positioning system receiver, wherein the usage information is measured based on identifying the first user;
determining a first user cost component based on the acceleration information included in the received usage information measured with the accelerometer, the first user cost component including a depreciation, the depreciation being determined based on vibration indicative of road disturbances, the vibration being measured with the accelerometer and included in the acceleration information;
determining a second user cost component based on the location information included in the received usage information measured with the global positioning system receiver;
determining that a third user cost component associated with the first user is unavailable;
identifying a second user by radio communication between the vehicle and a computing device of the second user;
determining a supplemental cost component that is associated with the second user;
supplementing the third user cost component with the supplemental cost component; and
determining an actual cost of ownership of the vehicle based on at least the baseline value, the first user cost component, the second user cost component, and the third user cost component supplemented with the supplemental cost component.

2. The method of claim 1 , wherein the second user cost component is at least one of a fuel cost, a toll cost, a cost of insurance, a tax cost, a registration cost, a maintenance cost, or a repair cost.

3. The method of claim 1 , further including receiving industry information including at least one of a credit usage information, banking information, or loan information; and
wherein a fourth user cost component used to determine the actual cost of ownership includes at least a fuel cost, a repair cost, or a cost of insurance that is determined based on the received industry information.

4. The method of claim 1 , wherein the second user cost component includes a fuel cost, wherein the fuel cost is determined based on an acceleration or a deceleration measured with the accelerometer.

5. The method of claim 1 , further including determining that the second user has at least one of: a common location, a common vehicle, a common route, or common driving habits with the first user.

6. The method of claim 1 , further including determining that the second user has a common location or is associated with a location that is within a predetermined distance of a location of the first user.

7. The method of claim 1 , wherein the third user cost component is a toll cost, or a tax cost.

8. The method of claim 1 , wherein the third user cost component is a registration cost, a maintenance cost, or a repair cost.

9. A computer-implemented method for determining an actual cost of ownership of a vehicle, the method comprising:
identifying a first user by radio communication between a user-associated vehicle and a computing device of the first user;
based on identifying the first user by radio communication between the vehicle and the computing device of the first user, receiving usage information representative of usage of the user-associated vehicle for the first user, the usage information having been measured with an accelerometer and a global positioning system receiver, the usage information including acceleration information and location information, wherein the usage information is measured based on identifying the first user;
determining a first user cost component based on the acceleration information, the first user cost component including a depreciation, the depreciation being determined based on vibration indicative of road disturbances, the vibration being measured with the accelerometer and included in the acceleration information;
determining a second user cost component based on the location information;
determining that a third user cost component associated with the first user is unavailable;
identifying a second user that has a common location with the first user or usage information that is related to the usage information of the first user by radio communication between the vehicle and a computing device of the second user;
determining a supplemental cost component that is associated with the second user;
supplementing the third user cost component with the supplemental cost component; and
determining an actual cost of ownership of the vehicle based on at least the first user cost component, the second user cost component, and the third user cost component supplemented with the supplemental cost component.

10. The method of claim 9 , further including determining that the second user is associated with a location that is within a predetermined distance of a location of the first user.

11. The method of claim 9 , wherein the usage information was measured based on identifying the first user.

12. The method of claim 9 , wherein the usage information includes acceleration and deceleration information.

13. The method of claim 9 , wherein the usage information includes information measured with a radio.

14. The method of claim 9 , wherein the second user cost component is at least one of a fuel cost, a toll cost, a cost of insurance, a tax cost, a registration cost, a maintenance cost, or a repair cost.

15. The method of claim 9 , wherein the second user cost component includes a fuel cost, wherein the fuel cost is determined based on measured acceleration.

16. The method of claim 9 , wherein the third user cost component is a toll cost, a tax cost, a registration cost, a maintenance cost, or a repair cost.

17. The method of claim 9 , wherein the usage information includes indicating that the user-associated vehicle is located at a fueling station.

18. A system for determining an actual cost of ownership of a purchase product, the system comprising:
a memory storing instructions; and
at least one processor executing the instructions to perform a process including:
determining a baseline value of the purchase product;
identifying a first user by radio communication between a user product and a computing device of the first user;
based on identifying the first user by radio communication between the user product and the computing device of the first user, receiving usage information representative of usage of the user product from at least one of an accelerometer, a global positioning system receiver, or a radio, the purchase product and the user product belonging to a same class of products, wherein the usage information is measured based on identifying the first user;
determining a plurality of user cost components based on the received usage information, the plurality of user cost components including a depreciation being determined based on vibration measured with the accelerometer and included in the received usage informati

Assignees

• Capital One Services Llc

Inventors

• Hoover Jason
• Ghamsari Avid
• Tang Qiaochu
• Dagley Geoffrey
• Price Micah

Classifications

• G07C5/08

  Registering or indicating performance data other than driving, working, idle, or waiting time, with or without registering driving, working, idle or waiting time · CPC title

• G06Q30/0623

  by investigating goods or services · CPC title

• G06Q10/20

  Administration of product repair or maintenance · CPC title

• G07C5/008

  communicating information to a remotely located station (transmission systems for measured values G08C) · CPC title

• G06Q30/0283 Primary

  Price estimation or determination · CPC title