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Old 03-09-2015, 07:56 AM   #101
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No one knows what the exchange rate will be in 6 months, no one knows what the lottery winning numbers will be? It is a gamble and you can not beat it. You either pay now with a good rate or pay later with the rate then, you can not "hedge" your bet. I'd suggest paying it all now, it certainly is better now than when I bought, but I'm not losing any sleep over it. I'm camping....
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Old 03-09-2015, 01:09 PM   #102
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Originally Posted by cpaharley2008 View Post
No one knows what the exchange rate will be in 6 months, no one knows what the lottery winning numbers will be? It is a gamble and you can not beat it. You either pay now with a good rate or pay later with the rate then, you can not "hedge" your bet. I'd suggest paying it all now, it certainly is better now than when I bought, but I'm not losing any sleep over it. I'm camping....
Why would you say, "you can't hedge your bet?" If one buys their dollars now, don't they just float with the exchange rate?
Wouldn't that be hedging ones bet?
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Old 03-09-2015, 01:33 PM   #103
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But you can hedge your bet. That just means to bet on both sides, reducing the greatest possible payoff (because the other side of the bet will lose), but also reducing the worst possible loss (because the other side of the bet will win). In this case, if you are paying with U.S. currency and purchase Canadian currency worth half the price of the trailer converted now at today's rate, and pay the going rate of the day for the other half when the full payment comes due at pick up, your overall cost will be a compromise between the rates of today and then. Essentially, you're betting both that the Canadian dollar will go down further (the part you convert at pickup time), and that it won't (the part you convert now).

Interest rates are so low that it seems to me that the easiest way to do this is to just make a huge down payment (half the price of the trailer) to Escape now - you would lose any interest earned while waiting for the trailer, but does that one percent or so really matter?

I agree that there are better things to lose sleep over... and it's even better to get a good night's sleep, where ever you are.
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Old 03-09-2015, 03:21 PM   #104
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Originally Posted by cpaharley2008 View Post
No one knows what the exchange rate will be in 6 months, no one knows what the lottery winning numbers will be? It is a gamble and you can not beat it. You either pay now with a good rate or pay later with the rate then, you can not "hedge" your bet. I'd suggest paying it all now, it certainly is better now than when I bought, but I'm not losing any sleep over it. I'm camping....
I agree, we are less than 2 months from delivery and if I had a reliable, trustworthy way to get a cashiers check to the factory I would do it. Didn't a member on this board have a payment sent by registered mail go to Japan and not show up at ETI for over a month? Nope, don't want to do that! Bob
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Old 03-09-2015, 03:34 PM   #105
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I agree, we are less than 2 months from delivery and if I had a reliable, trustworthy way to get a cashiers check to the factory I would do it. Didn't a member on this board have a payment sent by registered mail go to Japan and not show up at ETI for over a month? Nope, don't want to do that! Bob
try a courier.
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Old 03-09-2015, 03:43 PM   #106
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I recently put two large personal checks in the mail (USPS) to ETI and each arrived approximately ten to twelve days later. I put two first class stamps on each envelope. Tammy sent me an amended invoice reflecting the actual exchange rate into CND shortly after receiving each payment.
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Old 03-09-2015, 04:27 PM   #107
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I recently put two large personal checks in the mail (USPS) to ETI and each arrived approximately ten to twelve days later. I put two first class stamps on each envelope. Tammy sent me an amended invoice reflecting the actual exchange rate into CND shortly after receiving each payment.
In my case, it was three forever stamps on the envelopes each time, since First class postage to Canada is a little over $1 USD. Both got there without a problem, in about 8 to 10 days.
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Old 03-09-2015, 05:33 PM   #108
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Old 03-09-2015, 06:37 PM   #109
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Registered mail is a way to get confirmation of sending and receiving, but not a way to get either speed or reliability. Couriers offer it all - confirmation, speed, tracking, and perhaps better reliability - but at a much higher cost.

Personally, I would use FedEx for a critical financial document if I didn't have a modern (that is, electronic rather than paper) alternative method.
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Old 03-09-2015, 08:35 PM   #110
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Etransfer works great within Canada. Have used it for multi thousand dollar transfers with no hassles. Don't know whether cross border etransfer services are available though.
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