Capturing favorable US/CAD conversion - Page 14 - Escape Trailer Owners Community

Go Back   Escape Trailer Owners Community > Escape Me | General Topics > Paper Escape
Click Here to Login
Reply
 
Thread Tools Display Modes
 
Old 07-11-2016, 01:44 PM   #131
Senior Member
 
escape artist's Avatar
 
Join Date: Oct 2008
Location: St. Thomas not BVI., Ontario
Trailer: 2014 Escape 5.0TA
Posts: 5,080
Quote:
Originally Posted by Zardoz View Post
To secure my future for a 5.0 TA before the CAD goes back up, I grabbed a position in FXC. Now all I have to do is find a way to afford a F150 that I could drag it around with.
Hi: Zardoz... A Ford in your future might be a year end clearance 0% finance with Ford Credit. It was hard enough for me to afford the Frontier for a "Dragster". Alf
escape artist N.S. of Lake Erie
__________________

__________________
Quote Bugs Bunny..."Don't take life too seriously, none of us get out of it ALIVE"!!!
'10 Frontier CC. S.E. 4X4 Lng. Bed V6 '14 Escape 5.0TA
St.Thomas Ont.( Not the Virgin Islands)
escape artist is online now   Reply With Quote
Old 12-27-2016, 02:45 PM   #132
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 6,445
Yesterday CDN to US was 76 cents. Today it's 74 cents... if you care.
__________________

__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
Donna D. is offline   Reply With Quote
Old 12-27-2016, 03:01 PM   #133
Senior Member
 
thoer's Avatar
 
Join Date: Oct 2009
Location: Galesville, Wisconsin
Trailer: 2017 21 "Blue II" (previously 17B "Blue") 2016 Highlander XLE (previously 2008 Tacoma)
Posts: 3,553
There is another thread about this too: How to hedge exchange rate? I followed some good advice there and opened an EverBank World Market Portfolio CAD account. I first opened one of their Money Market accounts so that I could do online transfers from my local credit union. Then it was just a matter of moving money from the Money Market into the World Market account whenever I thought the exchange rate was to my benefit. It is not immediate - you usually get the next day rate, but they gave me good rates always. When I am ready they will wire transfer the funds in CAD right to ETI for about $40. They have been very helpful to deal with so far.
__________________
Eric (and Mary who is in no way responsible for anything stupid I post)
thoer is online now   Reply With Quote
Old 12-27-2016, 06:05 PM   #134
Senior Member
 
Mike & Donna's Avatar
 
Join Date: Aug 2016
Location: Porter (Houston), Texas
Trailer: 2017 Escape 19 aka "Bon Temps" - P/U June 29, 2017
Posts: 211
Quote:
Originally Posted by thoer View Post
There is another thread about this too: How to hedge exchange rate? I followed some good advice there and opened an EverBank World Market Portfolio CAD account. I first opened one of their Money Market accounts so that I could do online transfers from my local credit union. Then it was just a matter of moving money from the Money Market into the World Market account whenever I thought the exchange rate was to my benefit. It is not immediate - you usually get the next day rate, but they gave me good rates always. When I am ready they will wire transfer the funds in CAD right to ETI for about $40. They have been very helpful to deal with so far.
I used the same process as Eric except I transfered money from my BoA account into the Everbank Money Market Account (no charge) and also set up a CAD World Market Access acct and then you are able to purchase CAD with your USD. Everbank charged a .75% spread which beats what you will find at most banks. It worked well for me and I had Everbank mail a Bank Cheque directly to ETI in CAD for a ($25) fee. They will also wire the money but it's a little more expensive ($40), I believe.

Just wanted to say I had no issues (except that the CAD seems to keep falling vs the USD so whenever you are comfortable with the exchange rate, go for it.
__________________
Mike & Donna
Laissez les bons temps rouler
Mike & Donna is offline   Reply With Quote
Old 01-23-2017, 10:52 PM   #135
Senior Member
 
Join Date: Feb 2016
Location: Area 51, New Mexico
Trailer: pondering.....
Posts: 723
with the increasing talk of NAFTA in the news..inquiring minds are starting to wonder how it might impact the future import/export of RV trailers and paying or not paying taxes/tariffs on those purchases across the border....
freespirit is offline   Reply With Quote
Old 01-23-2017, 11:17 PM   #136
Senior Member
 
Greg A's Avatar
 
Join Date: Oct 2013
Location: Phoenix, Arizona
Trailer: 2015 Escape 19 "Seventy Degrees"
Posts: 1,935
Very interesting topic freespirit. I've been reading quite a bit on it and without going to a political discussion (which is not intended and please stay away from), it is a real possibility in days, to months, to maybe never that a import tariff could be imposed and there is no approval needed for that to happen. Apparently, Nixon slapped a 10% import tariff on around 1971 all by himself.
A very difficult issue to get one's head around and I've been trying to figure out if this happens and you have a completed, paid for trailer sitting on ETI's lot that has never been imported then I'm assuming you would be subject to the tariff at the time of import.
Really can't tell yet at this point what will happen, but there are a lot of serious threats being bandied around concerning this happening. Hopefully, for all concerned this doesn't become a reality as it could create a mess for all involved.
Greg A is offline   Reply With Quote
Old 02-07-2017, 06:07 PM   #137
Senior Member
 
Join Date: Jan 2016
Location: Chicago, Illinois
Trailer: A lovely 2017 Escape 21 currently pulled by a 2014 Chevy Traverse
Posts: 193
OK, my payment is due on my 21 which I'm not picking up until the 23rd of May. I am trying to figure out how much to pay. What exchange rate do you use? ETI has one from there bank that they get in the morning. DO I over pay, under pay or what, as getting off the phone with Kathy in accounting has me even more confused then before. I simply don't understand when the price is locked. Can someone answer that for me? What has happened to others who waited to pick up their trailer? Thanks
__________________
Peace and safe journeys,
Steven M
Steven M is offline   Reply With Quote
Old 02-07-2017, 06:10 PM   #138
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: York, Pennsylvania
Trailer: 2016 2ndGen Escape 19' PRAIRIE SCHOONER pulled by 2014 Ram Hemi/8sp
Posts: 12,648
ETI will determine the rate when it is received by them and any over/under will be credited or due. A credit card can take care of the small amount via phone.
__________________
Jim
I am too young to feel this damn old!
cpaharley2008 is offline   Reply With Quote
Old 02-07-2017, 06:17 PM   #139
Senior Member
 
Join Date: Jan 2016
Location: Chicago, Illinois
Trailer: A lovely 2017 Escape 21 currently pulled by a 2014 Chevy Traverse
Posts: 193
Quote:
Originally Posted by cpaharley2008 View Post
ETI will determine the rate when it is received by them and any over/under will be credited or due. A credit card can take care of the small amount via phone.
Thanks Jim. Sounds simple from someone else.
__________________
Peace and safe journeys,
Steven M
Steven M is offline   Reply With Quote
Old 02-07-2017, 06:58 PM   #140
Senior Member
 
arniesea's Avatar
 
Join Date: Sep 2016
Location: Bremerton, Washington
Trailer: 2013 Escape 19 - Salish "See"
Posts: 272
Quote:
Originally Posted by cpaharley2008 View Post
ETI will determine the rate when it is received by them and any over/under will be credited or due. A credit card can take care of the small amount via phone.
Just be aware, that "small amount" could be over $1000.00 if the exchange rate is more than 0.03 cent rate difference between when you send your money and ETI receives it. I know someone who was too close to the bone and couldn't cover a 0.05 rate difference and didn't understand how things worked. Lost their deposit and everything. #sad.
__________________

__________________
- Arnie & Paula
- 2013 Escape 19' - Salish "See"
- Bremerton, WA
arniesea is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off






» Virginia Campgrounds

Reviews provided by



All times are GMT -5. The time now is 10:07 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright 2012 Social Knowledge, LLC All Rights Reserved.