Whats the purpose of the NADA for classic vehicles?

[SY480]

Whats the purpose of the classic NADA if no financial institution uses it(or am I wrong). It baffles me how a truck with such a limited production is only worth 12,500 in top condition in the regular NADA but the classic NADA shows the truck is worth 30k in top condition. What the F--k! Hypothetical if I wanted to finance a low mileage SY for 20k am I shit out luck even though one of values says its worth 30k. I just don't understand how there is such a disparity. What purpose does it serve other then just pissing me off. I bought my truck 4 years ago for $15k with 22k miles and know it has depreciated $2,500 and its in better shape know then when I bought it.

 

[Opleezz]

Im with you on that one, im going through some things with the bank at this very time

 

[akty]

Take it from this loan officer - I have done them with Classic car guides - but I kinda know what they are The truck generally need to be documented for me to use it though, records, pics etc. If all else fails, get an appraisel. It's an expense that may get you financed.

 

[Opleezz]

Just got an appraisel done tonight, put me back up in the 17s

 

[SY480]

I have alterior motive then just buying another truck. My truck is paid off and I would like to refinance it again and take the money so I can get a super motor and all the other goodies.