What is the life expectancy of the 5th wheel
We just ran I to a problem with our 5th and to our great surprise the insurance, RV company, and dealer were all shocked we were shocked I did not think it was that old. One question I was asked we h...
Forum Discussion
Does the basis for this post reside in how long an RV can or will be financed or perhaps at what age you can no longer buy comprehensive or collision insurance at a reasonable price?
Asking how long something will "last" is a loaded question as others have posted. If you were to compare the life expectancy of two identical cars/rv’s/boats, etc, one spending its life in the temperate climate of the south being cared for by a conservative individual performing regular maintenance and storing it indoors, the other spending its live in the frigid north east, covered in salt by a less than caring individual and living its whole live outside, you will clearly see two different life expectancies.
I’ve seen RV’s that were less than 5 years old that looked horrible and in worse condition than a model from the 1970’s. As any RV owner will tell you, regular maintenance is a major factor. Leaks and small defects must be addressed immediately or the problems snowball into major problems and eventually units that are only good for scrap.
If you are looking at recreational vehicles and pondering insurance or financing, your answers will also vary depending on finance/insurance company and yes the unit in question will also factor. Companies that focus on recreational vehicles will probably be more willing to take a chance on an older asset while your generic companies will be a bit more risk averse and avoid older units.
If you are indeed trying to buy an older RV via financing and are unable to find a bank or insurance company to assume the risk, you might want to reconsider and take their stance as a warning yourself. If these financial institutions are unwilling to accept the risk, should you take the same chance essentially.
It is quite possible you discovered that your unit’s life expectancy per your financial institution was longer than previously thought.
However, if your question is not based in RV financing/insurance, then I am just rambling……
OJ
Asking how long something will "last" is a loaded question as others have posted. If you were to compare the life expectancy of two identical cars/rv’s/boats, etc, one spending its life in the temperate climate of the south being cared for by a conservative individual performing regular maintenance and storing it indoors, the other spending its live in the frigid north east, covered in salt by a less than caring individual and living its whole live outside, you will clearly see two different life expectancies.
I’ve seen RV’s that were less than 5 years old that looked horrible and in worse condition than a model from the 1970’s. As any RV owner will tell you, regular maintenance is a major factor. Leaks and small defects must be addressed immediately or the problems snowball into major problems and eventually units that are only good for scrap.
If you are looking at recreational vehicles and pondering insurance or financing, your answers will also vary depending on finance/insurance company and yes the unit in question will also factor. Companies that focus on recreational vehicles will probably be more willing to take a chance on an older asset while your generic companies will be a bit more risk averse and avoid older units.
If you are indeed trying to buy an older RV via financing and are unable to find a bank or insurance company to assume the risk, you might want to reconsider and take their stance as a warning yourself. If these financial institutions are unwilling to accept the risk, should you take the same chance essentially.
It is quite possible you discovered that your unit’s life expectancy per your financial institution was longer than previously thought.
However, if your question is not based in RV financing/insurance, then I am just rambling……
OJ
