NADA Wanderlodge Listings

[cmillsap]

(04-19-2015 00:23)rrueckwald Wrote:  I am a little concerned with the other side of the ethics question. For insurance, the only reason an owner would want to have a high NADA well over what they paid is to make a quick buck if they had a total loss. Is that appropriate? For financing, the only reason an owner would want to have a high NADA well over what they paid is to short the bank on the amount of equity in the bus. Is that appropriate? Neither in my book.

Having too low a value is obviously a disservice to owners of those busses.

As they say across the pond, "This is a sticky wicket!"

Ron,

I have an agreed value policy in the amount of $150K on my bus which is exactly what I paid for it two years ago. I have spent another $50K on it just fixing it the way I like it. I do not see that a $150K policy on a $200K investment is unreasonable.

Chuck

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(04-19-2015 11:24)davidbrady Wrote:  Chuck, I'm sorry you were compelled to leave wog. I can empathize with your decision. When that clique turns against you it's very tough. I've been there friend.

Ha David,

As you know, if you don't agree with the activities of the powers that be over on WOG, you become a "persona non grata" pretty quickly.
I removed myself from the membership as a preemptive measure. They were preparing to throw me out anyway. Did you see how quickly John Finn "Granted" my request?

Forums should be open and allow the membership to freely express their opinion within reason. A forum's strength depends on maintaining its knowledgeable membership. It should not be a vehicle for the owner to use to line his pockets off the back of members contributions. Sadly, that is the situation on WOG. I'm happy to not be a party to it anymore.

Chuck