Unified Vehicle Purchase Platform for Digital Transaction Automation

Resolve Bottlenecks,
Find Innovative SolutionsGenerate Solutions

Solution Overview

Problem

The vehicle purchase process is fragmented and dealer-centric, leading to high transaction costs and information disadvantages for consumers, with duplicative data entry and errors due to lack of coordination between systems for inventory search, loan applications, and document management.

Innovation Solution

A data processing system that allows users to select vehicles, pre-approve financing, and generate electronic documents for digital execution, providing access to all purchase documents before physical visits, using a mobile application and dealer portal for streamlined transactions.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If a consumer uses multiple disparate systems for vehicle search, loan applications, and document management, then the purchase process can be completed, but the transaction costs increase and errors occur due to duplicative data entry

Engineering Contradiction:

Improvepurchase process efficiencyVSAvoidtime for duplicative data entry

Core Design Contradiction:

ProductivityVSLoss of time

Solution Approach 1:

The patent combines vehicle search, loan application, and document management functions into a single integrated online platform. The consumer interface consolidates these previously separate systems, allowing consumers to complete the entire purchase process through one unified system rather than switching between multiple disparate platforms, thereby eliminating duplicative data entry and reducing transaction costs

Inventive Principle:

Principle #5Merging (Combining)

Solution Approach 2:

The online vehicle purchase system performs multiple functions through a single platform: it serves as an inventory search tool, loan application system, document generation platform, and transaction management interface. This multi-functional approach replaces the need for separate specialized systems for each purchase stage

Inventive Principle:

Principle #6Universality (Multi-functionality)

2Ease of operation

If documents are generated and controlled by a dealer-centric DMS, then the dealer can manage the transaction process, but the consumer has no access to documents before physical visits and faces information disadvantages

Engineering Contradiction:

Improveconsumer access to purchase documentsVSAvoidconsumer information advantage

Core Design Contradiction:

Ease of operationVSLoss of information

Solution Approach 1:

The patent inverts the traditional document control model by giving consumers primary access and control over their purchase documents. Instead of the dealer's DMS being the central authority, the online platform generates documents that are immediately accessible to consumers digitally, allowing them to review, download, and manage their purchase documentation before ever visiting the dealer

Inventive Principle:

Principle #13The other way round (Inversion)

Solution Approach 2:

The online vehicle purchase system acts as an intermediary between the consumer and the dealer's DMS. It generates purchase documents based on transaction data and provides them directly to consumers through the online platform, serving as a mediator that bridges the gap between the dealer's internal systems and consumer needs without requiring consumers to have direct access to the dealer's proprietary DMS

Inventive Principle:

Principle #24Intermediary (Mediator)

3Ease of operation

If the purchase process requires physical visits to dealers for document execution, then traditional transaction protocols are followed, but transaction costs increase and consumer convenience decreases

Engineering Contradiction:

Improveconsumer convenienceVSAvoidtransaction costs

Core Design Contradiction:

Ease of operationVSLoss of energy

Solution Approach 1:

The patent replaces the mechanical process of physical document signing and exchange with electronic document generation and digital execution. Consumers can review, sign, and complete purchase agreements online through the platform without needing to physically visit the dealer, substituting the traditional in-person transaction mechanism with a digital equivalent that reduces travel time and transaction costs

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

Data Source

PatentUS11367134B2Data processing system and method for facilitating transactions with user-centric document access

Publication Date: 2022.06.21 FAIR IP LLC

AI summary

One embodiment comprises data processing system comprising a data store storing a set of inventory records for a program pool of vehicles, a processor and a memory coupled to the processor storing a set of computer executable instructions. The set of computer executable instructions may be executable to receive, from a mobile application, a selection of a vehicle from the program pool, retrieve the inventory record for the selected vehicle, create, at the server, an order to capture information about a transaction, receive a request from the mobile application to view an electronic document associated with the selected vehicle; responsive to the request to view the electronic document, automatically populate the electronic document with the order information; and communicate the electronic document to the mobile application for presentation in the operator interface of a mobile device.