NADA Guide Adds CPO Values Starting Sept 1

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.

 



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