paying before trailer is here
just informed from the bank that my trailer payments start next week. Think I need my trailer first, gave them 11500 down payment trailer wont be here until 3rd week of may. I don't think iam paying f...
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I see you made a good down payment. Was the remainder to be secured with a lien on the RV?
If so, I like your bank.
They gave you a loan before the property that secures it was even built. That doesn't make any sense to me. Maybe your loan is unsecured? If not, do they have a VIN, title or certificate of origin?
I put $5,000 down on a MH February 23. It's being built, almost done. I made application for a loan, but that's it. When the MH comes in, we put $30K more down and write a finance contract for the rest. The bank we finally go with will write the loan with a lien on the MH as security.
How did you and your bank get the cart before the horse? The big question is, "Who has the MONEY?" Please don't tell me your dealer has been paid for an RV that they haven't even received from the factory. How does that happen? Too many things can happen between factory order and delivery.
Dealer or factory bankruptcy, RV burns en route, death of purchaser (sorry dude had to bring it up), I could go on and on.
Please explain.
If so, I like your bank.
They gave you a loan before the property that secures it was even built. That doesn't make any sense to me. Maybe your loan is unsecured? If not, do they have a VIN, title or certificate of origin?
I put $5,000 down on a MH February 23. It's being built, almost done. I made application for a loan, but that's it. When the MH comes in, we put $30K more down and write a finance contract for the rest. The bank we finally go with will write the loan with a lien on the MH as security.
How did you and your bank get the cart before the horse? The big question is, "Who has the MONEY?" Please don't tell me your dealer has been paid for an RV that they haven't even received from the factory. How does that happen? Too many things can happen between factory order and delivery.
Dealer or factory bankruptcy, RV burns en route, death of purchaser (sorry dude had to bring it up), I could go on and on.
Please explain.
