Updated: May 4, 2015
The NAAA Standards Committee benchmarked various auction company and consignors versions of the ‘powertrain only’ guarantee and created the NAAA Limited Guarantee.
The Limited Guarantee is indicated in the lanes and electronically via announcement and/or the yellow light only. Disclosure requirements for defects or issues over the NAAA’s policy dollar amount threshold include the follow areas/items:
The Limited Guarantee can be offered on all vehicles including vehicles priced $3,000 or under.
All Time Periods and Mechanical defect dollar limits are according to the Arbitration Guidelines section of the latest version of the NAAA Arbitration Policy.