What is nada value?
The NADA value is the value of your used vehicle based on many different value factors. The NADA guides have values for automobiles, motorcycles, boats, RVs, and even manufactured homes. The NADA guides give multiple values for each vehicle.
What is nada loan value?
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. Knowing the NADA value can help you in two ways when it comes to getting an auto loan. First, you can negotiate a better price using the NADA value as your guidelines.
What is nada retail value?
The NADA retail value is the price a vehicle is being sold at a dealership. There is also a clean retail value that shows the price of a car when it is in clean condition and good mileage.