NADA Guide definition
Examples of NADA Guide in a sentence
Maximum Coverage:: The maximum open/fair market aggregate value of the repairs Seller must provide or pay for with respect to any single Covered Failure during either the Primary Warranty Term or the Lifetime Warranty Term (if applicable) is the wholesale value of the Vehicle (per the regional N.A.D.A. Guide for the month of the claim ) or $3,000.00, whichever is less.
In case this is not available, the “Retail Value” from the NADA Guide (Official Older Used Car Guide) shall be used.
The maximum open/fair market aggregate value of the repairs Seller must provide or pay for with respect to any single Covered Failure during the Warranty Term is the wholesale value of the Vehicle (per the regional N.A.D.A. Guide for the month of the claim) or $3,000.00, whichever is less.