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A dealership would be lower than all of those. Suggested List is what MSRP was when new. The version we use (and lenders) updates 6 times a year and include the wholesale value. That is the number that most lenders care about. They lend on a percentage up from there. Some base value on Average Retail but they go down from there. If we have the year, make and exact model we can help with that.@Jireh Financial ... I have always wondered about this question as well, so I went to the NADA (now J.D. Power) website and entered my coach information (2021 model). It gives me a 1) Suggested List Price, 2) a Low Retail Price and a 3) Average Retail Price. So, if I understand this correctly, the Average Retail Price is what I should expect to sell to for? Also, where would the dealer trade in value fall in relation to these?
FLSteve
Thanks @Jireh Financial ... understand it a little better now.A dealership would be lower than all of those. Suggested List is what MSRP was when new. The version we use (and lenders) updates 6 times a year and include the wholesale value. That is the number that most lenders care about. They lend on a percentage up from there. Some base value on Average Retail but they go down from there. If we have the year, make and exact model we can help with that.
Ken