How reliable are NADA figures?
For used and new? Should we expect to pay the "low retail" on NADA or can we get it for less?
Forum Discussion
tandk wrote:
I don't know about Georgia, but in Southern California NADA guides are incredibly low for used fifth wheels. We bought a 2003 Nash 21 5R a year and a half ago for $6000 and Nada guides had them at $2900. And we got a really good deal. All the others we saw were $7-8000. I would look around on craigslist if you have it or rvtrader to get an idea of prices. Good luck!
I also found NADA was very low...but my bank - USAA - used NADA to determine the amount they'd finance, so I had to use it.
However, the USAA bank rep said that you have to look at the "standard equipment" listing, and anything not specifically listed must be added as a line-item.
Once I started adding equipment to the toy haulers I was considering, the NADA values came right up, and I was able to value many toy haulers over-and-above the asking prices. So financing was a piece of cake.
But other banks are different.
The buyer of my toy hauler banked with B of A, and according to him they used the base NADA value without any consideration to additional equipment.
