Bank Values -What's used?
#1
Thread Starter
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Joined: Jul 2007
Posts: 180
Likes: 1
From: Shorewood, Ill
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.
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.
#4
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Joined: Aug 2007
Posts: 337
Likes: 7
From: Waterford, MI
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.



