Parting Out Travel Trailer
I have a 2007 Four Winds 18B travel trailer that has some bad water damage in the front. I have decided to just part it out and get something else. My question is how do I go about parting out a t...
Forum Discussion
robsouth wrote:
I might suggest that you contact whomever you still owe "about 2500.00" and let them know what is going on. You will probably need to pay them what is due before you part it out, but if sold whole, you can take what you get and add enough to it to pay your debt, but either way, they need to know what is going on.
In some respects might not be a bad idea since the bank (lender) put up the money on the trailer for the value of the entire trailer (trailer is the collateral).
By stripping out essential items the collateral losses value.
But on the flip side, the water damage was not known to the OP (buyer) nor the bank. With the knowledge of the water damage the trailer is reduced to a value below what is owed.
Personally, the way I would handle this is hold on to the trailer and pay it down to a point that the loan can be paid off with cash.
At the same time TARP the trailer to prevent any more water damage.
Most likely the leaks are coming from items on or around the roof and covering with a tarp will stop the water from coming in.
I myself got burned on my first TT, paid $2K and when I got it home found bunches of rotted wood laying on the bed. I was extremely upset but I decided to push through, repair the damage and moved on.
Our first trip I found another leak which happened to find its way to the center of my new ceiling and dripped through the overhead light down on US in the middle of the night!
We still laugh about that even though it wasn't funny at the time.
Unless the OP isn't handy with power tools and such I would say why not take the lemon and make the best of it?
