I only carry liability on any car I own that I consider worth less than $10k.  Self insured is cheaper in the long run.  If I have to buy another car without an insurance company providing me a book value price for my old one, ok.  So far I have lived 69 years and owned a number of vehicles.  I've never had a need for full coverage on a car yet.  I carry full coverage on the camper because it is worth more than $10k, though I'll probably have to prove that to the insurance company if the situation arises.

mcneely

---- Dennis Haynes <d23haynes57@HOTMAIL.COM> wrote: 
> No Comprehensive? That means no protection from fire, flood, theft etc.
> 
> Dennis,
> From my phone.
> ________________________________
> From: JRodgers<mailto:jrodgers113@GMAIL.COM>
> Sent: ‎1/‎27/‎2014 3:28 PM
> To: vanagon@GERRY.VANAGON.COM<mailto:vanagon@GERRY.VANAGON.COM>
> Subject: Re: Friend in Seattle want to buy his first Westy
> 
> I have borrowed from my credit union with the Vanagon GL as collateral -
> but I already owned the vehicle clear and simply went back for a loan
> against it. The amount borrowed was about half the appraised value. One
> thing - after a month - the credit union sent me a letter, requiring
> that it be fully insured. The insurance premium for one year was half
> the amount borrowed. I went back to the bank and converted the
> collateralized loan over to a personal loan and got rid of the insurance
> requirement.  I now carry only liability ins. on it. If it gets smacked
> and the other party can't pay - it's just smacked and I have a parts
> car. I have two other vans.
> 
> If I had Westy's or Syncros - it would be a different matter.
> 
> John
> 
> On 1/27/2014 1:37 PM, Jeff Schwaia wrote:
> > As a seller of "classic" vehicles (mostly Westies and Syncro Dokas), I can
> > confirm that many of these purchases are made with bank loans using the
> > vehicle as collateral.  All that is normally required is an appraisal from a
> > licensed (certified?) vehicle appraiser.  Generally, a vehicle appraisal
> > costs about $350.
> >
> > Cheers,
> >
> > Jeff
> >
> >
> >
> > -----Original Message-----
> > From: Vanagon Mailing List [mailto:vanagon@gerry.vanagon.com] On Behalf Of
> > Zeitgeist
> > Sent: Sunday, January 26, 2014 11:29 AM
> > To: vanagon@GERRY.VANAGON.COM
> > Subject: Re: Friend in Seattle want to buy his first Westy
> >
> > I assume the bulk of the late model Syncro campers are being purchased via
> > bank loans, given that many are selling for $20k and up nowadays
> >
> >
> > On Sun, Jan 26, 2014 at 11:23 AM, Robert Stevens <mtbiker62@gmail.com>wrote:
> >
> >> In a message dated 1/26/2014 2:04:52 P.M. Eastern Standard Time,
> >> mcneely4@COX.NET writes:
> >>
> >> Hmmm  ...... .   I'm surprised one can get a loan for any vehicle that
> >> old, mileage or no.
> >>
> >> It's done all the time.....as long as it's secured against
> >> real-value-property that the bank can, therefore, hold title to until
> >> the loan is paid off.
> >>
> >> bob
> >
> >
> >
> >
> > --
> > Casey
> >

--
David McNeely