NADA Wanderlodge Listings

[DonB]

OK, so something new to tilt at. Where oh where is the evidence that "Buyers flock to NADA to get some indication of the value of the vehicle they want to buy?"

Personally I doubt that very greatly. Late model owners might wish it were true, but the actual selling prices say it isn't.

The prime users of NADA are banks and insurance companies, and there is evidence that both have no problem establishing values when NADA doesn't exist. Does anyone think that all the Newells and Prevosts running around were bought for cash, and are operating without adequate insurance?

There is a very good post in the WOG thread from a recent '98 purchaser who previously (a year ago) tried to finance a '90 through USAA. He could not accomplish it due to the $17K NADA valuation. Part of the post "When we explained that was not what they were selling for we were told that if the NADA value was not listed they would do a market search. We provided three simialr units that had sold within a year or two and we were told if we could get the year model dropped from NADA they would be more than willing to loan up to the asking price."

There are other similar postings.

So again, I submit that NADA has done little good for sales, and has definitely done harm to potential buyers. Here I go, repeating stuff again