Loan value of cars and trucks

we use NADA Loan Value primarily but these days you will have a hard time getting a market value so we will use an invoice price from a dealer if we are comfortable with the deal and do a % based on that. Values are slow to catch up. Manheim auction values are pretty good for wholesale, but you may not be able to access it. Talk to a local dealer to keep up with the market. Values of used are rising into tax season as usual 

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Andy Johnson
Chief Executive Officer;Chief Financial Officer;Co-CEO/CFO
The Bank of Vernon
Vernon, AL
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Original Message:
Sent: 02-22-2023 10:16
From: Mary Fowler
Subject: Loan value of cars and trucks

What resource do you use to figure the loan value of a car or truck? Do you often lend more than the loan value?

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Mary Fowler
Chief Executive Officer
The Peoples Bank
Magnolia, AR
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