Archive for November, 2008
We have an RV that we can no longer make the payments on. Can we just let the bank repossess it? Can they put a lien on our house or garnish wages? Our credit is already wrecked so we really don't care about that aspect of this problem. We are trying to sell it but we owe alot and don't have the money to make up the difference if we sell for less. Help!?!
If you have weighed all the alternatives like refinancing or a second mortgage, then unfortunely there is probably nothing you can do if you are behind on payments. They will probably reposess it, sell it at auction and then sue you for the balance. Have you tried talking with the bank? Sometimes in hardship they are willing to work with consumers rather than reposess. Only to a point though. Repo's can cost a bank a lot of money and hassle for them. Otherwise, keep your chin up, things could be worse than some late payments and poor credit.
We'll be flying into Phoenix for a convention. After it's over, I would just love to coordinate renting an RV to tour around a few days and see the Grande Canyon. Any suggestions? I'm wondering if there's an easier, logical way to do this. We likely would be picking up a rental car at the airport on arrival so we can get to the convention hotel and get around for a few days. When the convention ends we would need to either drive to an RV rental in Phoenix then return the car and go on to the GC or keep the rental car and go to GC and rent an RV or Cabin there. I don't want to pay for both an RV and a rental car.
I'm starting to go cross-eyed with all these Websites about RV Rentals etc and really would like to hear from somebody with experience to share on this subject.
Would also appreciate a good campground recommendation for us novis campers.
Any ideas or suggestions on a GC cabin rental as an alternative?
Thanks for your help!
Most Rv places do rentals just price them out as far as miles Grnad canyon nearly 200 miles one way uphill and gas up that way about 20 cents higher than valley!? campground i'd stay in Williams and maybe do a trip into Grand canyon from there, and maybe visit jerome, Sedona maybe prescott as well..
I would be starting out using my new diesel p/up and my 25' 14000# rated dovetail gooseneck. I want to be legal in Tx and the rest of the U.S. as well as obtain the proper commercial insurance coverage. I already have some "inside" contacts w/ an auto manufacturer, some oil/gas companies, boating and RV's, tractor dealerships and even some contacts in the rodeo/horse trailer business. I just want to do it right and not be one of these guys "rolling the dice" w/other peoples merchandise and lives by running illegal! Any help or advice would be appreciated!!! Thanks!!!
Trucking is an industry that has seen many great companies fail and become only memories. You are seeking a high risk venture, with profits (when there are profits) typically at about 2 cents per dollar revenue generated. Maintenance of equipment, insurance, replacement costs of equipment and employees are extremely high. Safety programs must be designed and implemented, employment taxes calculated and paid to the state and federal treasuries, and more.
As for illegal operators, trucking is regulated and when illegal operators are caught it ain't pretty. In 1994 we interviewed 76 drivers to get 6- amazingly the majority of applicants failed the drug test for employment. I hope they all get caught, I don't want an illegal/unsafe driver on the road with my wife, kids and grand-kids out there. And anyone who knows who they are and that they are illegal are condoning their behavior and enabling them to continue such if they fail to report them.
Old trucking firms like East TX Motor Freight comes to mind, Consolidated Freight another, as does Interstate Freight Systems and more- all were fine freight carriers. Complete Auto Transport, Auto Convoy (my old company) Dealers Transport (my father's old employer), WADE Auto Transport, Associated Auto Transport, Complete Auto Transport and more were all good auto transport companies, all now gone out of business.
If you are going to persist, hire on with an established trucking broker or firm, learn the ropes and save all the money you can- you'll need it to carry you thru the lean times when fuel costs soar and you can not pass thru fast enough the additional increased costs to maintain a profit and keep the business viable.
With the current state of affairs in the auto industry being what it is, everybody and their 4th cousin trying to be in the transport business now profits are squeezed even further. Having an "insider" will carry you so far, you have to have the funds to carry you the rest of the way.
Corporate finances change constantly. People change jobs, companies change employees, and you may be out in the drop of a hat as was my former employer, who, even thought they owned the land the auto maker was located on before the auto maker shuttled the plant and they were left high and dry. Nissan ran into hard times in the mid 1990's and rebid our traffic, never mind it was under a 5 yr contract; we lost the rebid. They did not honor their contract terms, and we were put out. As a result I lost a good job I had for several years.
Unless you can operate for a few years w/o an income, I'd do something else. Trucking is not for the faint or weak of finance.
I have a travel trailer that still has quite a few years left on the loan. I want to get rid of it, but am not sure the best way out of the loan. Obviously I can't just pay the loan off.
Try selling it 'privately' with a newspaper ad and HOPEFULLY you get more than you owe. If not, you'll have to make up the 'owed' difference……GOOD LUCK!
That's likely going to depend on the part of the country you're in. The one I would recommend is Fraserway - they've got a number of locations across the country and I've never had anything but great service from them.
I need to know what to do first, I"m lost. I have $3600 mo in income but nothing else. I have no insurance for my wife and self, no life insurance, no home, living in an RV, ideas on how to buy a home with no $ down? Best place to go for health ins., life ins. How do I prioritize all this? Thanks
I highly recommend that you find a financial planner. Interview them and make sure that you feel comfortable with them. They should answer your questions - "Free of Charge". They will be your best start.
You need to take care of the fixed expenses (those that you KNOW you have to pay) and have them help you set up a plan or budget for the rest.
Hopefully, they will set you up with a Term Life plan or at the very least a small "Final Expense" plan that at least will take care of what we all know will happen - when it happens.
Good Luck!
I've heard that there is a negative mark placed on your credit if you apply for multiple loans, for example if you're in the market for a camper/RV and you apply at several different businesses each with a different bank. The reasons my friend decided not to accept any of the offers were too much of a down payment required, changed his mind about a particular model etc. He just keeps filling out those apps. though and I'm thinking it can't be good, can it?
Yes shopping around for too much credit can negatively affect your credit. Normally for big dollar items such as cars and mortgages you have a 30 day window from the time you begin shopping around to have your credit pulled by the same types of companies and they will only count as one credit inquiry against your score. However, any applications you have that are outside of the initial 30 day window will count as multiple inquiries and negatively affect your credit score. My advice, is to get pre-approved by a lender or lenders before you even begin looking around and this way you will already have your financing ready to go before you get to the dealers/businesses. Good luck.
Whats the difference between regular and RV antifreeze? Will regular antifreeze damage the drains; should I do this over before it is too late?
Won't hurt the pipes, but it is poisonous.
As an 'Overseas Visitor' (the word Tourist envokes images of Germans with socks and sandals or big american dudes with hawaiian shirts on) can I purchase a car or RV, register it in my own name and sell it at the end of my 3 months there? And what about insurance, as an overseas visitor can I purchase insurance there?
Yes, you can. Your license is also valid here. An international drivers permit is recommended if your license isn't in English and is not easily read by someone who speaks English but it is NOT mandatory. Do keep your passport with the visa stamp in it on your person at all times, as proof of legal status.
Insurance might be a bit expensive as you don't have a driving record in the US though there are no restrictions on purchasing it. If you can get a copy of your driving record (with a translation) it might help.
If you buy something new, be prepared to take a beating on depreciation after only 3 months. A 2 - 4 year old vehicle would be a far better choice; you might even be able to sell it for what you paid for it or something very close to the purchase price. A short-term lease of a new or nearly new vehicle may also be a consideration and you won't have to deal with the hassle of trying to sell it.
When I lived in Europe (UK & Germany) about 10 - 20 years ago I recall seeing holiday adverts that offered just what you are talking about. Ask around at the holiday firms. It might be a bit more expensive but it would be keen to have everything sorted out on your arrival.
Best of luck, and enjoy your visit!
You'll probably need to get a personal loan from the bank. I don't think you'll be able to since the RV is 20 years old.