The best come back for owning an oldie RV.

This evening,, several of us here in our tiny RV park, (Russ Johnson knows how small it is) lol,  was sitting around sucking down some adult sud beverages, Yes,, we are old enough,(just barely). And Jimmy, my one neighbor in the other 5th wheel here mentioned his daughters co-worker just dropped $4 K down for a New 5th wheel, with reasonable low payments of $387.00 a month for like 300 years,, give or take a year or two, Well they took it to the local lake to break it in,, The list of things that didnt work,,,  1st the fridge almost kind of kept things cool,, the a/c cycles on and off and they found 2 leaks,,, one ws under the bathroom sink,, and the other flooded the storage bay under the shower,, Minor stuff,, Now Jimmy added his 2 cents when his daughter said he should buy a newer 5th wheel,, His is a 2000 model with a few small issues. He said,, at payments close to $400  Hes ahead of the game,,, His is PAID for and he figures if he has to put $50 to $100 a month into repairs etc,, hes still $300 ahead of the game. Hes also said, what was expected to go wrong and broke has,,, His daughters co-worker is just getting started. We all agreed,,, Our trailers and such are PAID for,, no check from the bank to the finance company,, with interest and having to have FULL coverage insurance... So if someone says,, Your rig is old blah blah blah,, just smile and say, Yup,, But its PAID for and its mine,,,

I did mention, that  new 5th wheel will go back to the dealer for warantee repairs and more than likely be there for several months getting repaired,, AND,, the monthly payments will still have to be made...

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Comment by Michael Oltman on November 10, 2018 at 10:15am
It is nice having an RV that's paid for. One good thing about a new RV is it's a tax deduction as a second home.
Comment by Ralph Javins on September 8, 2018 at 12:25pm

Good morning, Postman; 

The answer to your question is; "Not very long." 

Usually it happens coincidental with your signing the purchase contract, and not yet to the check for paying for it.  

One man was buying a new car, and while he signed the purchase contract documents, the dealership mechanics were making the final delivery checks; oil, water, windshield washer, frake fluid, and other fluid levels, plus the tire pressures, et cetera, before handing the car to him, but as they were backing the car out of the garage, the overhead garage door came down on the car.  It was not pretty.  The insurance company said that the car was his at that moment, and they offered only a low mileage used car evaluation.  The dealer made a marketing and advertisement coup when he stepped forward and offered to make up the difference for the price of a new replacement car for the buyer.  That story had a happy ending.  Not all of them do. 

Enjoy,  Ralph, Latte Land, Washington 

Comment by a linger on August 21, 2018 at 10:58pm
This is true Ha,sad but so true.I have a friend that bought a 2006 34 ft. Toy hauler Jan.2017, he paid 10,000 for it and within 4 months he had another8,500 in it and the sides started the delamination that the newer ones ALL do, he sold it at a loss and was glad to be free of it,Lesons in life. He now is designing his own to make from scratch,He is an excellent carpenter and cabinet maker, it will be an 18ft.long and 11ft.6 inches high,With just enough space to fit his two motorcycles in the back.
Comment by Lakota Wolf on August 4, 2018 at 10:27am
approx, 92.5% depreciation,,,
Comment by postman on August 3, 2018 at 10:48pm
Here's my question. You sign the check and buy the time it clears, how much has the rig depreciated?



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