NADA Value


You must be aware of your car’s worth, whether you plan to sell it with its accurate values to a private party or trade it in at a dealership. The last thing you want is to get ripped off because you don’t know how much your car is worth in the automotive industry. Values from NADA Guides become relevant in this context.

However, there are a wide variety of vehicle assessment tools available like Kelley Blue Book Values. Since their original form is as books, this term is commonly used to refer to them. Is there a recommended book value to utilize, given the abundance of choices?

This article will examine NADA Guides, one of the most widely used car value estimators. We’ll take a quick look back at their origins and analyze the situations in which you should utilize their assessment tool.

What is the NADA Guide?

NADA, which stands for the National Automobile Dealers Association, has been active since 1917. The NADA Guide is an appraisal resource used to establish a pre-owned vehicle’s value, which was first published not long after the organization’s inception. NADA is committed to checking the vehicle values, inventory, and auction data for lenders, dealers, insurance, government, and other automotive professionals.

Originally published as a magazine back in 1933, it has since evolved into a robust website designed to educate buyers on the subject of automobile values.

Numerous car dealers and customers rely on NADA Guides values to determine an automobile’s fair market price. It is generally agreed that they are interchangeable with the ubiquitous Kelley Blue Book values. There’s a lot of back and forth regarding which one is more precise, but the reality is that you can’t go wrong with either.

How Does NADA Reach Its Value?

The NADA value determines the worth of your used car, which considers numerous value criteria. The NADA recommendations provide valuations for manufactured homes, boats, RVs, motorcycles, and even motorcycles. Multiple values are provided for each vehicle in the NADA guidelines.

NADA Guides derives its values from actual sales data from automobile dealerships because it was founded by a group of auto dealers. NADA Guides base their evaluation of each individual vehicle’s worth mostly on three factors:

  • Market demand locally.
  • Wholesale price.
  • Retail market pricing in real-time.

NADA Guides place more weight on the car’s wholesale price than other value estimators that depend more on mileage and condition. The drawback to this is that NADA believes that every vehicle is in excellent condition. When a vehicle does have cosmetic or mechanical problems, this technique leads to overpriced costs.

To determine the value of your car, combine the NADA Guides figures with those from other value estimators. When looking for financing offers, dealerships will first determine a loan value using NADA Guides, and then they will often utilize the Black Book to determine their offer amount. This implies that you should make use of all of your options to reject their offer and demand more. You should receive the highest possible trade-in value.

Nada Value Factors

The NADA value of your car is influenced by a number of different things. In actuality, the sum of all the variables paints a true image of the vehicle’s actual value. One of these is not sentimental worth. The four main components that influence NADA value are as follows.

  • Condition.
  • Location of vehicle.
  • Optional accessories.
  • Mileage.

The relationship between mileage, condition, and value is quite obvious, and auto dealers frequently consider these factors as well. However, the relationship between the location of the vehicle and available equipment is less clear.

What The NADA Value Book Says About Location

Price levels are also affected by geographical location. Car prices vary greatly from region to region, and not just between rural and urban areas. Disparities in regional economies may contribute to this effect. Supply and demand imbalances might also play a role in this. There may be a change in price based on the time of year; for example, convertibles are less popular in colder climates like North Dakota in December than in warmer ones like Florida. Vehicle value is not largely affected by location, but it should still be considered.

NADA vs Kelley Blue Book (KBB) About Car Values

Many buyers are curious as to whether NADA Guides or KBB is the superior resource for determining a vehicle’s worth. Although both have been used as reliable references for almost a century, there are significant variances in how they arrive at their final values when assessing a vehicle’s worth. Comparatively, the KBB places more emphasis on auctions, while the NADA depends more on real data regarding sales and prices from sellers, and retailers, in an effort to be more thorough. Also, KBB only covers used automobiles, new cars, SUVs, and trucks, whereas the NADA Guide also includes camper values and values for motorhomes and travel trailers.

Are NADA Guide Values Accurate?

Many people believe that the NADA Guide values are too high because they don’t account for the vehicle’s condition. Many car lots and customers still rely on these books, nonetheless, to acquire an estimate of their vehicle’s value.

When deciding how much to offer you for your trade-in, dealers will look at several factors, including their own appraisal as well as resources like the Black Book and NADA Guides. To maximize their profits, most dealerships will give you far less for your trade-in than you believe it is worth.

When Should I Use NADA Guides Values?

Before you make a deal with a potential buyer or try to trade in your used cars, consult the NADA Guides. You can use both the Kelley Blue Book and the NADA Guides to determine a fair price. You may put both to good use without spending a dime. Negotiating a better price at the dealership is possible if you are armed with as much information as possible. There is no one place to look to find out how much your car is worth; rather, you’ll need to consult several different resources.

Financial institutions also rely heavily on NADA. NADA Guides are an excellent tool for anyone interested in learning more about the market worth of their vehicle.

NADA Values & Car, Boat, or RV Loans

It’s crucial to know how NADA values affect your vehicle, boat, or RV financing. Banks, credit unions, and finance companies secure vehicle loans using the vehicle’s worth. NADA tells the bank the car’s worth, which tells them how much they can loan and how much down payment you’ll need.

Knowing the NADA value helps with auto loans in two ways. First, use NADA to negotiate a better price. Second, list every optional accessory on the loan application to get the maximum NADA value because, depending on the lender, this could reduce the down payment. Knowing how the NADA value affects your car loan will help you save money.

Allow Southeast Financial to guide you as you navigate the complicated world of NADA. We can help you discover the perfect finance since we have the network, connections, and web resources!

Lastly, keep in mind that purchasing or selling your automobile or boat is all about a better future and lifestyle. Take your time to find the best price for your car, boat, truck, or RV without losing the value.


What does NADA Stand for?

NADA stands for National Association of Automobile Dealers.

How to find my car’s value?

You can look up the worth of your car in the NADA Guides or the KKB (Kelley Blue Book). The vehicle’s location, mileage, optional equipment, and overall condition must all be investigated. Gathering information about your vehicle is the first step toward determining its worth. It is also possible to seek expert assistance.

What’s My Truck’s Value?

To find your truck value, you can do the following:

  • Use a car guide to estimate your truck’s value. Kelley Blue Book and NADA are both great options, as mentioned before. Knowing these values makes you more likely to receive a reasonable offer from a dealer or individual seller.
  • The internet gives the most up-to-date information on vehicle market values, so be sure to tick all boxes that apply to your vehicle and its equipment. Including all relevant information ensures accuracy. Include your zip code to discover car prices in your region. If rates fluctuate, travel to a neighboring city.
  • When selling or buying a car, be honest. When questioned about conditions, be honest to get the most accurate pricing.

Contact Southeast Financial for services regarding the NADA Value, insurance, retail values of cars, and more. We are committed to providing you with the best assistance when it comes to Auto Loans for used vehicles.