NADA Guide Adds CPO Values Starting Sept 1

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Automotive News - August 29, 2012

NADA Used Car Guide will add manufacturer-certified used-vehicle retail val­ues to its guide book, effec­tive Sept. 1, to help with dealer financing.

Take a closer look at how these val­ues will help deal­ers.

Accord­ing to the NADA guide, fac­tory cer­ti­fi­ca­tion adds about $1,000 to $3,200 to the price of a used vehicle.

The val­ues will be espe­cially help­ful for deal­ers and lenders secur­ing financ­ing for their cer­ti­fied used-vehicle cus­tomers, he says. That’s because lenders typ­i­cally don’t allow a pre­mium for cer­ti­fi­ca­tion when they finance cer­ti­fied used-vehicles, which results in the cus­tomer hav­ing to make a larger down payment.