Claims:We claim:
1. A system for evaluating vehicle value comprising of;
a. A database comprising registration data of the vehicle of the user;
b. Analyzing unit for analysis of the vehicle;
c. A LAN or WAN network through which users are connected to the database; and
d. A vehicle pricing unit for collecting all the data of the market price of the vehicle.
wherein, the analyzing unit evaluates data based on private value, part-exchange value, forecourt value and quick sale value.
2. The system as claimed in claimed 1, wherein the said LAN or WAN network is internet.
3. The system as claimed in claim 1, wherein the said forecourt value is the advertised price of the vehicle at a dealer.
4. The system as claimed in claim1, wherein the said analyzing unit analyzes the driving data of the vehicle, vehicle warranty claim data. vehicle driving data comprises data on vehicle lane changing, vehicle tailgating, distance to other vehicles, and data collected from road signs and traffic lights, vehicle fuel usage, vehicle speed, vehicle revolutions per minute (RPM), vehicle braking data, vehicle acceleration data, current time, and diagnostic codes.
5. The system as claimed in claim 1, wherein the said market price is based on vehicle sales and historical data.
, Description:FIELD OF THE INVENTION:
The present invention is related to the technical field of data processing. More particularly, the present invention relates to a system for analyzing the valuation of the vehicle.
BACKGROUND OF THE INVENTION:
Automobile industry is growing day by day. So it is important to receive an accurate valuation of a particular vehicle. If a consumer has a proper valuation of a vehicle, the consumer has a better understanding the vehicle's true value and market price, as well as an accurate sale price if the consumer wishes to offer the vehicle for sale.
There are many methods for determining the value of the vehicle. Based on the information provided by the user to the website or the website provides to the user and vice versa Trading of used vehicles indicates the value of used vehicle based on its history in making a purchasing decision based on determination of value of particular vehicle. Many services are available to provide vehicle’s selling and purchasing information in the past including dealers and individual consumers. This information is provided to both buyers and sellers of the vehicle. A vehicle history report is created covering all information about particular vehicle. It includes vehicle model no, readings, accident information if any related to the vehicle, type of the vehicle, and maintenance record of the vehicle to determine the value of the vehicle. These type of services are used by sellers and buyers of the vehicle.
The purchasers who want to buy the vehicle can check if the selling price is comparable to the value of the vehicle. Many times it is difficult to believe on these evaluations based on the opinion given by the websites. So many times it is necessary to see the vehicle’s condition, and it is difficult to keep in mind all the information related to the vehicle.
So there is a need for the website which can analyze the vehicle’s condition and provide a detailed analysis of the vehicle based on evaluation. The present invention is a system for analyzing the vehicle value.
OBJECTS OF THE INVENTION:
An object of the present invention is to provide a system for detailed analysis of the vehicle and its valuation based on the information provided to the website and vehicle’s condition.
Another object of the present invention is to satisfy the consumer needs.
Other objects and benefits of the present invention will be more apparent from the following description, which is not intended to bind the scope of the present invention.
SUMMARY OF THE INVENTION:
Accordingly, a system for analyzing the vehicle value is disclosed. A system for evaluating vehicle value comprising of; a database comprising registration data of the vehicle of the user; Analyzing unit for analysis of the vehicle; a LAN or WAN network through which users are connected to the database and a vehicle pricing unit for collecting all the data of the market price of the vehicle; Wherein the analyzing unit evaluates data based on private value, part-exchange value, forecourt value and quick sale value. The present invention is economic solution for reselling value of vehicle. The present invention provides a system for detailed analysis of the vehicle and its valuation based on the information provided to the website and vehicle’s condition.
BRIEF DESCRIPTION OF THE DRAWING:
Fig 1 shows a system for analyzing the vehicle value.
DETAILED DESCRIPTION OF THE INVENTION:
The present invention is a system for showing and calculates resell value of the vehicle. The present invention analyzes the vehicle’s condition and provide a detailed analysis of the vehicle based on evaluation. The present invention is economic solution for reselling value of vehicle. The present invention provides a system for detailed analysis of the vehicle and its valuation based on the information provided to the website and vehicle’s condition. The present system is cost free and useful to satisfy the consumer needs.
The make and model of a car, total kilometers driven, overall condition of the vehicle and various other factors further affect the car's resale value. The present invention takes all such variables into consideration to identify the current value of the vehicle or the price quoted on a used vehicle of the user’s choice is fair.
In one embodiment, the present system analyses the needs of the consumer and determine the type of the vehicle the user wants to buy. The present website also suggests reliable sources such as online sources, local dealers, certified sources for buying the vehicle to the consumers other than the present system. The present system analyses the vehicle based on vehicle history, its service records, ownership records, internal damage hard to spot the vehicle.
The exterior signs of damage (if any to the vehicle) are clearly highlighted by the system of the present invention. The system of the present invention checks the invoice, odometer tampering, and insurance and registration papers. It is very necessary to check odometer tempering in case of cars.
For example: in case if a user is buying a car, then four different prices are presented to the buyer, based on which the car value is decided. The four different price values are the private value, part-exchange value, forecourt value and quick sale value. This helps to decide where to buy from and work out if a seller's price is fair.
In case if a user wants to sell his/her car, in that case, the valuation report gives the exact figure of price to sell your car for. This is key when negotiating a sale, as it allows user to guard against any buyer who offers a price that's below the vehicle's worth. The car’s sale price is provided to the buyer via a private sale, part-exchange, forecourt and quick sale.
In another embodiment, when a user registers with the system, information like vehicle no, model, year, readings, accident information if any related to the vehicle, type of the vehicle, and maintenance record of the vehicle to determine the value of the vehicle.
The system of the present invention requests the consumer to input fairly specific vehicle information regarding body damage, hail damage, amounts spent on unibody/frame and collision repairs, as well as data on emissions inspections, odometer reading, registration, and clean title/branded title(s). The system of the present invention requests the consumer to answer questions about commercial use, purchase/sale at an auction, and any alterations made to the vehicle since it left the factory. Some of the requested information may be inputted manually by the consumer after reviewing a vehicle history report.

In another embodiment, a system for evaluating vehicle value comprising of;
a. A database comprising registration data of the vehicle of the user;
b. Analyzing unit for analysis of the vehicle;
c. A LAN or WAN network through which users are connected to the database.
d. A vehicle pricing unit for collecting all the data of the market price of the vehicle.

Wherein the analyzing unit evaluates data based on private value, part-exchange value, forecourt value and quick sale value.
The analyzing unit is with driving data of the vehicle, vehicle warranty claim data. vehicle driving data comprises data on vehicle lane changing, vehicle tailgating, distance to other vehicles, and data collected from road signs and traffic lights, vehicle fuel usage, vehicle speed, vehicle revolutions per minute (RPM), vehicle braking data, vehicle acceleration data, current time, and diagnostic codes.
The vehicle valuation is compared to a market price for similar vehicles, wherein the market price is based on vehicle sales and historical data. The forecourt value is the advertised price of the vehicle at a dealer.

In another embodiment, the vehicle information comprises a vehicle license plate number, an asset code, a region, a vehicle make, a vehicle year, and a vehicle model. The vehicle data comprises data correlating to the time the vehicle spent over-speeding, a number of instances of vehicle hard braking, a distance the vehicle has driven.
In another embodiment, the system of the present invention takes the vehicle for a test drive and suggest mechanic for checking engine, cooling, transmission, wheels after evaluation report of the vehicle is generated so that unavoidable repairs and maintenance is avoided. In case of car; The Owner Serial Number in the RC book or smart card indicates the number of times the car has been sold till date. All dues including road tax is paid by the user can be checked. The original papers with seller are verified such as invoice, NOC from the car loan provider, and road tax receipt. Insurance of vehicle is checked and it is a benchmark during price negotiations between buyer and seller. It is suggested to check no claim bonuses over the past 2-3 years. Frequent claims indicate the repair and maintenance needed for the vehicle. The seller’s car insurance policy is transferred in the name of the buyer.