# NADA Equipment Value

Canonical URL: https://fundmyequipment.com/learn/glossary/nada-equipment-value/
Last modified: 2026-05-29T19:39:17+00:00
Type: efin_glossary

## Summary

NADA Appraisal Guides valuations for trucks and commercial vehicles.

## Content

NADA Guides is the National Automobile Dealers Association's valuation service, providing industry-standard values for automobiles, commercial trucks, RVs, motorcycles, marine equipment, and other vehicles. NADA values are widely used by lenders, dealers, and insurers.
What NADA covers

NADA Used Car Guide: automobile values
NADA Commercial Truck Guide: Class 6-8 truck values (most relevant to equipment finance)
NADA RV Guide: recreational vehicles
NADA Motorcycle & Powersport Guide: motorcycles, ATVs, snowmobiles, watercraft
NADA Marine Guide: boats, yachts, commercial marine

NADA Commercial Truck Guide
The truck guide is the primary NADA product relevant to equipment finance. Updated monthly, it provides:

Wholesale (auction/dealer) values
Retail (end-user) values
Loan values (lender-suggested advance amount)
Adjustments for: year, model, miles, condition, equipment options

How lenders use NADA

Validate used-truck purchase price against book value
Set advance rate (loan-to-NADA-value ratio)
Cross-check application stated value
Insurance valuation for total-loss scenarios

NADA vs other sources

NADA: strongest on light-and-medium-duty vehicles, trucks, RVs
Iron Solutions: strongest on construction and agricultural equipment
Ritchie Bros. auction history: actual transaction prices
Mascus: global, especially strong on European equipment
Black Book: commercial vehicle alternative to NADA

For equipment buyers
NADA Commercial Truck Guide is available online at nadaguides.com (free preview, paid subscription for full data). Use it before buying a used truck to confirm the seller's asking price is in line with market.