Problems????

It seemed as everything was going smoothly.  We were called that the trailer was done and we set up a time, this Friday, to do our paperwork and walk through/demo of the trailer and then take it home.  NOT SO FAST!

The dealer finance person contacted us to discuss the financing arrangements.  He had just noticed that our file indicated we were planning on being full time RV’ers and all his lending sources would not lend to full timers.  The issue now arose that we could not use our South Dakota mail forwarding address as that is not a residence and the bank wanted a permanent address for us.  Fortunately our house has not sold yet so we are able to indicate we are not full timers yet and do own a residence.  OK, that sounds good, but now the trailer has to be registered in Illinois meaning double the sales tax plus our licenses are no longer in this state.  First option discussed was getting Illinois licenses for both of us, meaning the trip to South Dakota was for nothing and we would have to go back later to do it all again.  We were not anxious to go that route figuring there may be an issue with changing states so often in a short period of time.  Second option was to see if the lender had an issue with us having South Dakota licenses but living in Illinois and registering the vehicle in Illinois.  The dealer contacted the lender and they asked for verification that we live in Illinois (utility bills, mortgage statement) and we should be OK. 

The dealer then requested we move up, to today, our coming in to sign the papers and do our walk through so that he can get the paperwork to the lender to see if it will fly.  Meanwhile we will most likely not be taking the trailer home today as we await funding approval.

So, lessons learned for full timers.  Either pay cash for your rig or buy it when you still have a permanent address. 

Wish us luck!