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NADA Wanderlodge Listings
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04-19-2015, 00:23
Post: #9
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RE: NADA Wanderlodge Listings
I am a little concerned with the other side of the ethics question. For insurance, the only reason an owner would want to have a high NADA well over what they paid is to make a quick buck if they had a total loss. Is that appropriate? For financing, the only reason an owner would want to have a high NADA well over what they paid is to short the bank on the amount of equity in the bus. Is that appropriate? Neither in my book.
Having too low a value is obviously a disservice to owners of those busses. As they say across the pond, "This is a sticky wicket!" Ron & Dorinda Rueckwald 2000 LXi, Single Slide Summer in St. Joseph, MI Winter in St. Petersburg, FL |
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