The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 31, 2002
Filed:
Aug. 31, 1999
Michael Eichorst, Middle Village, NY (US);
Ulf K. Ghosh, Montclair, NJ (US);
Marc Leibovic, Irvington, NY (US);
Randal E. Blank, South Orange, NJ (US);
Simon Osei-Agyemang, Holbrook, NY (US);
Jiang Ren, Bellerose, NY (US);
Steven S. Tam, Plainsboro, NJ (US);
The Chase Manhattan Bank, , NY (US);
Abstract
A method of predicting a net reserve for a vehicle leased by a lessee from a lessor in accordance with a lease, the method comprising the acts of: predicting a market value loss of the vehicle at a scheduled maturity date of the lease, the predicted market value loss being a function of: (i) a probability that the vehicle will be returned to the lessor after the lease; (ii) at least one predicted price at which the vehicle may sell after the lease; and (iii) a residual value of the vehicle, the residual value being an aggregate of at least a projected price of the vehicle at the scheduled maturity date made prior to the lease and an enhancement amount; and obtaining the net reserve of the vehicle as a function of the predicted market value loss.