Wholesale Mercedes

AUTO VALUE GUIDE ..BEFORE WE LOOK UP..CLEARING UP SOME CONFUSION AND SOME DEFINITION OF TERMS! OVERVIEW

THERE ARE MANY DIFFERENT "VALUES" BANDIED ABOUT WHEN TALKING ABOUT A CAR'S VALUE!.

What is "Loan Value?" .

LOAN: This is simply retail (-) the percentage of the value the finance company deducts in deciding the maximum it will lend on this specific car(year,model,miles,condition)."what will the finance company loan on this car"...Nada calculates and publishes this figure in it's dealer guides. The price difference must be made up by either a down payment,trade in,cash,or someone coming up or down on the final price payed!. Obviously the fact that the finance company will only lend this amount has implications as to the "true" value of the vehicle. Some people like this figure and feel it has more real world utility.

It is a art coming up with this figure since no one really knows the future value of a vehicle; or its "Residual" as its known in Auto Leases

Chrysler Financial was hit with Billions in losses after it was sold to Daimler primarily by mis-valuing the residual value of Jeeps and Caravan minivans.They were not worth what they thought..sort of like the housing collapse of 2008.

So this is why the financing company does not want to loan too much of the imputed value. Understanding Book Value Terms .

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