Learned an expensive lesson today

[caysea7254]

We have been fulltime rving since Feb. 2019. Didn't realize that unless you have and live at an actual address you can't get a bank loan. Crazy!! We have had a few other problems also with not having an actual residence. We had to buy a new truck and take it all from our savings. We had no choice. So those of you wanting to do this
Lifestyle keep a piece of property it will make this lifestyle easier.
Tara

[caysea7254]

They tried multiple banks and we have an excellent credit score and are completely debt free. Made no sense to us. We were accepted by 1st bank till they asked about address and we will not lie so just did what we had to. Its all good things happen for a reason.

[caysea7254]

The reason being if payments aren't made they need a physical address to pick it up at.

[caysea7254]

They tried lots of banks and they all said no not without actual address

[JimK-NY]

You need to get a different bank.

[RetiredRealtorR]

valhalla360 wrote:

RetiredRealtorRick wrote:

valhalla360 wrote:
Sold the house back in 2007...got debt free first and never had a desire to go back in bondedge.

Without interest payments, it's much easier to build wealth.

Of course buying a new truck is a choice. We typically shoot for around 10yr old. A fraction of the price and years of reliable life left. $10k is a lot easier than $70k.

Please let me know where I can buy 2013 3/4-ton trucks that aren't eaten up with miles for 10K each. I see a lucrative business emerging here! :C

If you are expecting a 10yr old truck with 20k miles that's been barn stored with a cover the entire time, yeah, not happening but long gone are the days when a truck was dead-man-walking at 100k miles.

We are in a 2008 that we bought for $10k about 6yrs ago (the window sticker that was in the glove box, said it was $60k new). Just getting back from a trip to Alaska. We've put a little less than 100k miles on it.

Go ahead and double it for recent inflation (which has really started to settle down anyway) and it's still a heck of a lot cheaper than buying new.

Typically most 10-year-old trucks will have a bare minimum of 150K on the odometer (most with substantially more). I just don't want to start there. No, I don't expect 20K either, but there is indeed a happy medium somewhere along the way for everyone.

[johnhicks]

What fulltimers have been doing for decades is get a domicile address that's an actual, physical address at a campground that they do or have lived at rather than or in addition to a mail-forwarding service PMB address. See Escapees.com for info.

[wowens79]

We looked for a half ton truck for my son this summer and finally gave up. We wanted unter 150k miles, and under $15k. Every thing we found at that price was either a salvage title, or brought south from the rust belt. To find one we realized the price would be more in the $20k+ range. I feel bad for guys that need their truck for work, used truck prices are still kinda crazy.

[valhalla360]

RetiredRealtorRick wrote:

valhalla360 wrote:
Sold the house back in 2007...got debt free first and never had a desire to go back in bondedge.

Without interest payments, it's much easier to build wealth.

Of course buying a new truck is a choice. We typically shoot for around 10yr old. A fraction of the price and years of reliable life left. $10k is a lot easier than $70k.

Please let me know where I can buy 2013 3/4-ton trucks that aren't eaten up with miles for 10K each. I see a lucrative business emerging here! :C

If you are expecting a 10yr old truck with 20k miles that's been barn stored with a cover the entire time, yeah, not happening but long gone are the days when a truck was dead-man-walking at 100k miles.

We are in a 2008 that we bought for $10k about 6yrs ago (the window sticker that was in the glove box, said it was $60k new). Just getting back from a trip to Alaska. We've put a little less than 100k miles on it.

Go ahead and double it for recent inflation (which has really started to settle down anyway) and it's still a heck of a lot cheaper than buying new.

[caysea7254]

They said we could give a address of a relative and that would be our residence but we just couldn't. Nothing good comes out of a lie and we are stuck out here in Oregon. It made us completely sick when they told us the part to fix our truck has been back ordered for months. They had 13 of the parts on order since last September. The chevy dealer we did business with looked to see if they could get that part in and no none in stock and would be months before they could get one if then. It is the Transmission Control Module. People r selling used ones for over 5000 bucks! And u don't even know if they work. So our only choice was to buy a used truck. Our truck was a chevy silverado 3500HD with 181000 miles. We love that truck but had to move on. The problem not alot of available heavy duty trucks to choose from out here every one has one. So we made the plunge on a 2022 GMC Sierra 3500HD SLE with 12000 miles. Ouch!!!

[RetiredRealtorR]

valhalla360 wrote:
Sold the house back in 2007...got debt free first and never had a desire to go back in bondedge.

Without interest payments, it's much easier to build wealth.

Of course buying a new truck is a choice. We typically shoot for around 10yr old. A fraction of the price and years of reliable life left. $10k is a lot easier than $70k.

Please let me know where I can buy 2013 3/4-ton trucks that aren't eaten up with miles for 10K each. I see a lucrative business emerging here! :C

[valhalla360]

Sold the house back in 2007...got debt free first and never had a desire to go back in bondedge.

Without interest payments, it's much easier to build wealth.

Of course buying a new truck is a choice. We typically shoot for around 10yr old. A fraction of the price and years of reliable life left. $10k is a lot easier than $70k.

[TenOC]

I have full timed since 2006. My mailing address is 411 North 6th Street, PMB XXX, Emery SD. MY "RESIDENT" address for bank account, taxes, RV registration etc is 411 North 6th Street, Emery SD. I leave the PMB out. Sometimes I replace the PMB with APT XXX or Suite XXX. No problem I have purchased a number of autos and even 3 homes with this method.