95 Newell for $45,000. Cand you get insurance for it?

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Thank you glamisorbust, I am a vet and a member of USAA and I would not have thought of that. The recommendation to contact Newell is also an excellent idea and I'll follow up on both of them!

Thank you

Insurance should be no problem.
My experience with loans on older MH (or RV's in general) is the older they are the higher the percentage down goes up.

insurance companies are greedy, you should be able to find someone to take your money.

Any chance you belong to a credit union? I know mine would lend pending an independent market appraisal, but also know the finance rate will reflect the age (currently at 8.875% for age and amount and require 20% down as I just logged in to see).

Insurance is not a problem at all provide the value is justifiable to the insurance company (would be surprised if not with a Newell). Probably with that rig I would go the route of an agreed value policy that you can obtain from specialty vehicle insurers.

Hard to say on the loan. Most, but not all, prefer not to loan on a coach over 10 years old. You'll need to ask around. The lenders look at an older coach as a bit higher risk that you might default on it. As such if you do find a lender the interest rate might be a couple of percentage points higher and/or require a substantial down payment.

Considering the uniqueness of a Newell I would give them a call directly (1-888-3NEWELL (1-888-363-9355))and ask the sales staff. They might have lenders that understand what a Newell is a bit more than a box of wheels.

Concerning insurance - worst case scenario Lloyds of London will insure anything. Weren't there a couple of actresses that insure their legs in the 1950s-60s with Lloyds?

The topic/subject line says insurance NOT loan

Please edit..to correct this

If you're a veteran, call USAA and get the loan. Mine is a 99 model and I got a loan for $33k in august.

If you have the capability, you may want to look at a home equity line. Few, if any, financial institutions will loan money on a vehicle that old and if they do, most likely they will only lend around 60% of the book value on it. Insurance shouldn't be a problem.