![]() The goal of getting a NADA value is to get an assessment of the retail value that you could reasonably pay for a vehicle when showing up on a dealer's lot to make an offer. That's because NADA is actually owned by J.D. However, NADA does also factor in retail transactions and pricing information gathered from the actual dealer management systems of big players like J.D. The biggest data point refers to wholesale transactions around the country. Values are determined using a number of data points that NADA has access to from across the country. Generally, NADA increases the value on vehicles that have any optional features or accessories over the baseline. The core factors that determine a car's NADA value are: ![]() NADA uses a pretty straightforward formula that's easy to apply to any car. You can get a car's NADA value by plugging in some basic information. It's even used for boats and motor homes. In addition to providing pricing parameters for both new and used cars, NADA also generates values for classic cars, motorcycles, and recreational vehicles (RVs). Some dealers rely on the NADA Official Used Car Guide pretty heavily when making trade-in offers. This trusted trade organization has actually been around since 1993. NADA is short for the National Automobile Dealers Association. Still undecided about the best place to get used car values? There's still a lot more gas in the tank when it comes to Kelley Blue Book vs NADA. Getting a NADA car value or Blue Book value simply comes down to having a way to access objective information to make personal assessments on used car values before negotiating an offer. They provide unbiased pricing information that's based strictly on the market data that's available without any type of preference for specific makes or models. These pricing platforms are not intended to sway or inflate pricing in any specific direction. ![]() It's also important to know that both NADA and KBB offer objective estimates. This allows KBB to give you a private Blue Book value that you won't get from NADA. You might even notice that KBB asks you quite a few more questions about the condition of your car than NADA if you use both platforms. KBB brakes things down on a more personalized level by weighing factors like your car's condition, warranty details, and mileage in conjunction with the market conditions in your zip code. The NADA guide puts the focus on your vehicle's wholesale price using data gathered from auctions, dealer sales, manufacturers, and more. The two platforms actually use different methods for assessing car value. When comparing NADA vs KBB, it's also important to know the differences. ![]()
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