Nada Guide OR.....
In my search for a decent used toyhauler, I'm running across people who want thousands, sometimes 10,000 more than the average Nada guide value. Is the Nada Guide the going way to judge value of a ...
Forum Discussion
ndrorder wrote:Only automobile and light truck values are based off of sales. RV values are determined by a depreciation schedule and it can be wildly inaccurate depending upon condition, options etc. There are roughly 430,000 RVs of every kind sold each year, which is about the same as the annual sales of the Toyota Camry. There are no where near enough sales of any make and model of RV for there to be accurate actual sales values.
The disclaimer in the front of the NADA guides state that the values are based on actual selling prices. Loan officers have said that their Credit Union would have no problem loaning up to the average NADA value. So anything above average NADA is overpriced and over valued.
