Want to buy Bluebird

[Scott Forman]

I want to echo that, financing is not all bad, although I would
advise against financing 100% of the cost and keep the term short.

Scott Forman
86 PT38
Memphis

--- In WanderlodgeForum@yahoogroups.com, Peter T. Arnold wrote:
>
> Great write-up.
>
> I do not completely agree with "Don't finance it" Lot's of reasons
in
> my life to leave the capitol invested and take the tax advantage of
> long tern financing.
>
> YMMV
>
> Pete
>
> On Thu, 22 Nov 2007 17:36:53 -0000, you wrote:
>
> >Once upon a time... Buying a Wanderlodge is a lot like buying
your
> >first home. First only look at Birds within your means, if you're
on
> >a beer budget don't pull out the Champagne glasses. There are a
lot
> >of similarities with the two purchases. Don't even look at birds
out
> >of your budget range, by doing so will only lead to
disapointment.
> >Next you would not buy a home without a home inspection, so you
> >should get a Pre-Delivery Inspection on your potential Bird. Find
> >someone in your area or the area of the bird who is knowledgable
on
> >that particular coach and hire them to go over the systems with
you.
> >This will let you know what works, and what needs repairs or
> >replacement, and a PDI is a great negoiaging tool and you have
> >leverage when it comes to writing the check. Another issue; you
> >would not buy a house without an appraisal, nor would a lender
loan
> >money on a home without a certified appraisal, so get a certified
> >appraisal on any potential purchase. A PDI & an appraisal are not
> >the same thing they serve two differnt purposes. Do not rely on
NADA
> >or Ebay as reliable sources of value, nor the past sells by
desperate
> >sellers. None of these are true representations of real value.
NADA
> >may have had only one subject sold in the last quarter and that
coach
> >could be the best coach on the worst day of public auction with no
> >competitive bidders. That is not a true representation of value,
you
> >want to pay a fair market value and get a coach that is worth 100%
or
> >more of what you paid. Another reason for the appraisal is if by
> >chance you are able to find the once in the lifetime bargain you
> >would want to insure your coach for it's true replacement value.
A
> >200K dollar coach bought for a 100K and insured for 100K then
written
> >off as a total lose, the insurance company will not pay the
> >difference in value, so get it insured for the full value, the
only
> >way to do this is with a certified appraisal.
> >Financing: DON'T do it! Can't write a check wait until you can. A
> >loan payment on a Bird is no fun when you don't have the money to
buy
> >fuel for the fun trips or the extra cash to make upgrades and
repairs
> >when needed.
> >Last thing you should know about Bluebirds, it is at times easier
&
> >quicker to get a divorce then it is to sell a Bluebird, so know
what
> >you are getting into and be prepared to make the commitment
because
> >it is most of the time for the long haul. Good luck & happy
hunting.
> >John 88FC35 Louisville, KY/Jeffersonville, IN
>
> --
>
> Fraternal Regards,
>
> Peter T. Arnold
>
> Worthy Patron, Temple Chapter #53 {3rd Time}
>
> Hartford Evergreen Lodge #88 Past Master
> Meets on 1st and 3rd Mondays
>
> Washington Lodge #70, Past Master 1997
> 2nd and 4th Monday
>
> Yahoo 6th District B.L.C. Newsgroup Co-Moderator
>
> Past A.G.M., Masonic District 6B
> Grand Lodge of Connecticut A.F. & A.M.
>
> As you can see, I'm busy on Mondays!
>