How a stick built, stationary thing is move of a risk than me pulling a large tin can through rush hour traffic escapes me.
Exactly my point with the boneheads at USAA. I asked the girl if I could use the funds to buy a 40' fifth wheel to pull around I-285 with my Tundra during rush hour?", She said "yep"
I wrote a very detailed email and was responded to by the head of RV lending - he confirms that they consider Park Models Mobile homes and are too high of a risk to loan on.
USAA had pre-approved me for an "RV" loan at an attractive rate and term. I told the dealer I would purchase. I called USAA back to process the loan and the manufacturer/model/type was not in their drop down list. They did some digging and informed me that they classify Park Models as Mobile Homes and will not lend on them - but offered me a personal loan at 10%.
I contacted Progressive (current TT insurer), USAA (auto) and Allstate (home) and none of them wanted to ensure an RV that remained stationary!
We have given it up at this point, not meant to be. Will wait until we have the cash required to purchase outright.
My wife and I continue to camp at the same CG over and over and had considered getting a seasonal site there to save the hassle of dragging the camper 3 hrs each way on weekends.
The owner of the CG is a dealer for a manufacturer of Park Homes that are constructed of logs and look very much like a small cabin.
Not only can we not find anyone that wants to finance the purchase (USAA recinded my pre-approval after finding out it as a park model), no one wants to insure these things.
Is there some negative bias in the industry about Park models?
I will ask the question now one else has, have you reviewed trading in the Durango for a better TV and using the money you were going to put toward a premium hitch? I know it is not a financially sound situation, but sometimes piece of mind and always safety is worth more than money. The new Ram 2500 gasser has some pretty impessive payload numbers.
Can you, probably - should you, probably not. I would not. I have a lighter shorter camper and towing it with a Tundra is not a pleasant experience. With only 1,200 of allowable cargo weight and a dry hitch weight of 700lbs - your cargo, passengers, WDH etc. will be less than 500 lbs?
Thankfully the dealer is allowing you to do a test pull - I will be interested in hearing what you think afterward.