Nov
13

How to Use NADA Guides to Assess a Car’s Value

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Instructions
Things You’ll Need:

* NADA guides

Step 1:
Log onto the NADA.com website (see Resources below). NADA.com has links to each of the three main branches of the NADA (Consumer, Business and Dealer’s Association). Read each link’s information box carefully to know which services are offered through each branch.


*
Step 2:
Use the “Consumer” link to access basic information about car values. From the Consumer section of the NADA site you can find new and used cars for sale, in addition to receiving preliminary appraisals on any cars you own.
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Step 3:
Download the e-Valuator software from the NADA Business section. e-Valuator offers an in-depth online guide to car values. Note that you need to subscribe to NADA Online to download the e-Valuator software.
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Step 4:
Use the “Car Prices” links in the NADA Consumer section of the website to find prices for cars that are similar to yours. By examining those prices you can get a clue as to the value of your own car. Remember that mileage, body damage and other factors can affect the value of your car.
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Step 5:
Buy the NADA price guide from the “Buy a Price Guide” link. The NADA price guide is a subscription service that updates car prices once a month for the duration of your subscription.

Tips & Warnings

* Subscribe to NADA online from the “Business” link on the main NADA website. A NADA subscription gives you access not only to information that can help you assess your car’s value, but also to “dealer-only” information on the prices and availability of cars, trucks and even farm equipment.
* Be aware that even though the NADA guides are great when you need to assess your car’s value, there are some conditions that the standard guides won’t accurately cover. Your car’s value will be higher if, for example, you have customized it. Use the NADA guides to give you a rough estimate, but for an accurate appraisal you should contact a trained appraiser.

Resources

NADA (N.A.D.A.) Official Used Car Guide (Vol. 74, Number 6, June 2007)

* Automobile resources from NADA.com

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Categories: Nada Bluebook

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