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Frequently Asked Questions
The NADA (National Automobile Dealers Association) Guide started in 1933. It provides used-vehicle valuation products and services to the auto, finance, fleet, government and insurance industries. The pricing guide is an industry tool used by many dealerships and is not generally available to the car-buying (or selling) public.What does Nada loan value mean?
When a bank, credit union, or finance company gives you a vehicle loan, they are securing the loan with the value of the vehicle. The NADA value tells the bank just how valuable the vehicle is. This provides them with how much they can loan on the vehicle and how much down payment you’ll need to come up with.What is the Nada value mean?
The NADA value is the value of your vehicle based on many different value factors. The NADA guides have values for automobiles, motorcycles, boats, RVs, and even manufactured homes. This depends on whether it is the auction value, trade-in value, private party value, or even the used car dealer price.