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RV collateral swap due to recieving a RV lemon

First post and replies | Last post by pantherminus, 8 years ago

Ok, here is the deal, We bought our first RV and loved it(2006 Fleetwood Expedition), so we decided to upgrade and bought a 2016 Fleetwood Expedition in 2015. Since then we have been in a very unpleasant battle with REV group owner of Fleetwood to replace our coach due to multiple unfixable problem with RV. We finally have a new coach(18 months later).....well not just yet. The bank has to accept the collateral swap from 1 rig to the other. Sounds easy right? Has anyone dealt with this type of action ? I have some fears due to the fact that I don't look as good on paper financially as I could and I don't know if I have to requalify for the loan ? Any input would be great on the subject. thx

By panthermi... 8 years ago
On 9/17/2019 at 3:11 AM, pantherminus said: A very long story short on our battle with the 2016 Fleetwood Expedition that had multiple problems that ended 2 yrs ago.....we are now proud owners of a 2017 Fleetwood Discovery 38K and we love it. All other details are covered in a non-disclosure agreement. Happy RVing! Does that mean you’re not allowed to just close the process?

By Chris.K 5 years ago
On 6/7/2019 at 3:30 PM, Sharon said: Hi I know this is an older thread, but we are going through something similar with our RV and wanted to push for the collateral swap. Just wonder how yours turned out .. did you have to get someone to payoff the old loan? I would hope not, I thought that was the point of the swap. Also wondering was finding a new lender difficult? Did you have to get an attorney involved, or were you able to get this deal on your own with the manufacturer? I'd love to see the types of issues you had as well to compare to ours. Thanks Sharon Hello Sharon I’m not real good at this Internet stuff I am just learning it and really out of my comfort zone. I noticed that you were looking for a collateral swap my wife and I are hoping for the same thing but do not know how to start the process. Could you be of any help to us?

By Chris.K 5 years ago
On 11/13/2019 at 6:11 AM, Chris.K said: Does that mean you’re not allowed to just close the process? Does that mean that you are not allowed to disclose the processDoes that mean that you are not allowed to disclose the process

By Chris.K 5 years ago
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