Bank Values -What's used?
 

I've heard that many lenders use NADA for loan value's. Ceratinly NADA is very harsh on some brands. I've recently heard of BUC, which seems to be significantly higher than NADA. Which major banks use BUC ?
Seems might be easier to finance with a bank using BUC, of course presuming a reasonable sale price. Based only on one example it seems current retail values might be somewhere in between.

All the banks I deal with only use NADA.

the credit union i went though used NADA also

I'm thru Citizen's Bank...they're NADA....so were all the credit unions I looked at; and that was 2 years ago when you could still get 7% or so over 15y on that old a boat. NADA has just gone ridiculously low since the market tanked.

I agree guys. I was surprised to hear of BUC. One dealer said BUC was used years ago but not anymore that he knew of. They use 4 banks and all are NADA.

What the hell is up with NADA and Formula Power Boats? For some reason they don't have them listed as a manufacturer, so I can't get a value from them... Any ideas?

Try "Thunderbird". It's the parent Company....

Thanks FF, they had Thunderbird/Formula together.

Everyone we use goes off NADA.

NADA SUCKS!! When will they realize that boats have DVD players vs. just a VCR? Or a cassette player......REALLY????