Brian D Schaaf

US Patent:

20170270718, Sep 21, 2017

Filed:

Mar 14, 2017

Appl. No.:

15/458349

Inventors:

- Mason OH, US
Brian Schaaf - Mason OH, US

International Classification:

G07B 13/06
G06Q 20/40

Abstract:

The present method of determining a payment for a work-related use of a vehicle in an travel area basically comprises (1) obtaining identifying information about the vehicle, said information including the following particulars: make, model, year, mileage, and condition; (2) providing the vehicle particulars to an exogenous source wherein data concerning a group of vehicles having particulars similar to the subject vehicle is maintained, said data being based upon use of the group of vehicles over a stated period of time and a stated mileage; (3) selecting cost information concerning the group of vehicles, said cost information including at least the following factors: depreciation, insurance, repairs, maintenance, state license fees, and fuel, said information being reflective of the travel area; (4) determining a cost per mile for each of the selected factors; (5) adding the cost per mile determinations to obtain a per mile payment rate for the vehicle; and (6) determining the payment by multiplying the per mile payment rate by the number of miles the vehicle travels during the work-related use for a selected period of time.