METHOD AND SYSTEM FOR DETERMINING THE LIKELY OPERATING COST FOR A PARTICULAR TYPE OF VEHICLE OVER A DEFINED PERIOD

摘要

A method is disclosed for determining the cost of operating a vehicle over a defined period of time. The method proceeds by establishing, on a database, a schedule of anticipated future repairs for a plurality of vehicle types, the repair schedule including the cost of the repairs and the approximate mileage at which the anticipated future repair(s) are expected to become necessary. A processor, in communication with the database, receives information identifying a particular of vehicle, and the present mileage associated with that particular vehicle. Using the vehicle type information, the vehicle's present mileage information and the repair schedule, the processor then computes the approximate total future repair costs for maintaining the vehicle over a defined period of time.