Archive for October, 2008
At our house, we have 2 driveways. The extra driveway runs next to our house and is fairly long. Would it be ok to rent it out to someone who owns a boat or RV and needs to store it? Would I need a permit or anything special to legally do this? Also, if anything happens to their boat or RV while on my property, would their insurance cover it or would it have to be mine?
Don’t need a permit, but need to find out if local ordinance precludes having RV or boats in driveway–some do. You should have a simple lease agreement and should state that they must insure item and that you are not responsible to any damage to it while parked there. Always collect rent in advance, usually get 3-6 months at a time with such items. Require that they have to move it upon your request, with 24 hours advance notice to them, or that you have permission to move it with 24 hours advance notice to them. That way if you need access, you can get it.
I need an RV loan. I would love to get one from a credit union. Do they make you wait for a while after joining to give you a loan?
Thanks!
That varies from credit union to credit union. My credit union gives loan officers the authority to approve up to a certain amount; anything over that amount, or if your FICO is borderline, then it would have to go to a loan committee. When I applied for a car loan, I was approved within 24 hours and funded the following day. I know of others who have had to wait a week or longer to get a credit decision.
We are looking to go on a trip with a motorhome/RV and need to rent one from GR, MI. I need site's of good rental areas. Thank-you.
Sure, there are plenty. I couldn't quote you an exact price though, because that vares depending on the model and amenities. You'd be better off looking for that on their website or giving various rental companies in the area a call.
me and my wife are loking around on diff. types of rv.i have my eye on a 5th wheel unit.but i also like the truck chassis type,like the chevy 4500 w/ duramax.what are the pros and cons of a trailer versur a driveable rv.cost of maintenance and insurance,would it be about the same.need some input for those who owns this things or have owned it before.thanks in advance.also what are the good brands out there?
are you allowed to have passengers in the trailer (5th wheel) while travelling?
5th wheels have the advantage, when you get to your destination, you unhook set it up and leave it and you have your truck to get around with. motorhome, unless you pull your car behind it on a trailer or using a towbar. you have to take it with you where ever you go. this can limit what you can do in some places due to the size and limitations some places put on motorhome access.
motorhomes are ideal for travelling though. just get in and go. stop somewhere, no hassle, unlike 5th wheel, having to unhook set up and so forth.
cost, motorhomes cost more, and require their own insurance coverage.5th wheels are covered by some motor insurance, but usually its limited. you would hafta check your insurance policy and find out from them.
5th wheel obviously means you have to install a 5th wheel hitch in your truck. they can be taken out and just leave the mounting rails though.
cost of maintanence. the 5th wheel be cheaper. motorhomes have chassis and drivetrain. require oil changes, tire changes, usualy engine costs, such as spark plugs, etc. depending on the model this can be as easy as a normal car, or sometimes can involve taking part of the interior of the motorhome apart to gain access.
5th wheels, dont have any of that. tires every so often and maybe a repacking of th wheel bearings every year or so is about it.
depends on what you want to do. if you want to go somewhere and stay a while, 5th wheel. if you pln on travelling and doing a lot of one night stays and see the country, motorhome.
i am looking for a loan to buy a rv but we have a bankrupsy in 2003 .we have a 1995 winabago to used as a trade in .the bankrupsy is all paid off and we have the title.can anyone help?.
Don't listen to the previous answerer… your discharge from BK was 3 years ago, and you have options. Now the question is, how much interest do you want to pay. If you go for a run of the mill RV loan or personal loan, you'll likely pay double digit interest.
Otherwise, take out a home-equity line of credit (HELOC). You own your home, and don't owe anything against it, and a bank salivates when it sees home equity collateral. You'll get your RV, some HELOC peace of mind, and you won't pay through the gills for it. Good luck!
I have a lot next door to my house; however I would need to set up water. I'm tring to figure the most economic way to go for me. Some one said I could splice into my own waterline and run it to the lot. I'm listening to all advice.
Thanks
You could do that, but if you added a separately metered line, you could see how much water was being used, for business expense purposes (taxes).
I heard of a policy restriction to an RV policy that does not allow passengers that are not family members. Does this sound right?
Its not my insurance. It was a guy that my brother was car-pooling with. He said he could no longer ride with him due to this insurance restriction.
That sounds right, but I'm sure that your insurance company will be able to tell you if you are able to do that.
Hope this helps.
It depends on what you mean by 'without the best credit'. My guess is that you will either need a co-signer or you'll have sky-high interest rates.
We're making a movie and will drive the 5-man (actually, four men, one woman) crew to Hotlanta for the shoot. We'd like to know from any expert RV'ers out there in TV Land about how much we'd need to spend in gasoline from here to there (about a three-or-four-day trip in probably a rented RV from CruiseAmerica or some other RV rental place). And the size of the RV would be a pretty big one, I guess, if we're taking five peeps with us.
Oh, by the way, it would be about 6-8 days driving both ways, total.
LA to Atlanta must be around 3000 miles. Once you decide on an RV, check the mpg…Every RV will be different. Once you know the mpg, divide that into the distance to get the number of gallons. Then check to see if there is an average price around the country or if gasoline prices vary from west to east. Multiply the number of gallons by average price, and voila…your answer.
Nobody is going to be able to tell you any differently without knowing the key variables like mpg for the RV you select. Here's an example: 3000 miles driving; you select an RV that gives you 10 miles per gallon (mpg). So, that's roughly 300 gallons for level driving. When you go uphill or sit idly in traffic jams or go faster than the speed limit, you'll burn more gas for less mileage. Anyway, 300 gallons at 2 dollars per gallon is 600 dollars.
I believe the RV rental insurance does not cover it. Has anyone dealt with this problem before. Any idea how much it can cost?
For your sake, I hope it does cover it. Insurance companies have a habit of high rates and little help with coverage. They may say that it is your fault for not knowing the bridge height and RV height. This will not be a cheap fix, depending on how much of the roof they need to replace.