71 days and waiting for repair
I have been a long time Good Sam member. I have bought through Camping world for years I have good Sam insurance and extended coverage on my motor home. After a very minor mishap I reported it in Nove...
Forum Discussion
AmericalVette wrote:EA Williams wrote:
are you actually thinking of paying the deductible BEFORE the repairs are done? As I have said before your only leverage is thru the finance company, if your coach is financed. Contact them explain the situation and inform them that you can no longer make payments on an un-usable coach and you plan to abandon it where it sits. Best of luck to you.
Bad idea. Not making payments and abandoning it where it sits could result in a repo which would destroy your credit.
It's a very bad situation to have a coach that can't be used. I hope this turns out well for youl
Let me see if I can explain...This is a matter of motivation. No financial institution has any interest in taking possession of a toxic asset i.e. unusable/damaged coach. They, the financial institution, will get involved to motivate the insurance company and the repair facility in order to avoid taking possession of the toxic asset. Additionally a voluntary repossession is a black mark on a credit score but will not destroy a credit rating. Sans "short sales" after the 2008 real estate collapse.
Alternative.. continue to make the loan payments, insurance payments, pay the deductible and continue the 80 mile round trips. That doesn't seem like a very good idea. Stop letting the tail wag the dog. IMHO
