Credit Union requesting Escape submit MSRP - 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 05-25-2015, 08:17 PM   #1
P&L
Senior Member
 
P&L's Avatar
 
Join Date: Apr 2015
Location: Tracy, California
Trailer: Escape 19 2015
Posts: 216
Credit Union requesting Escape submit MSRP

We thought we had everything in place to finance a portion of our 19', but our credit union is requesting Escape submit their MSRP. This is a bit confusing and they are aware that Escape is the manufacturer. Barb from Escape is waiting for my response, too. Has anyone else had this experience and what did your financial company end up doing?

__________________

P&L is offline   Reply With Quote
Old 05-25-2015, 08:23 PM   #2
Senior Member
 
float5's Avatar
 
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 4,902
There are no dealers in this case so that would not apply, I would think.
__________________

__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
float5 is offline   Reply With Quote
Old 05-25-2015, 08:46 PM   #3
Senior Member
 
Charlie & Lucy's Avatar
 
Join Date: Jan 2015
Location: Sunapee, New Hampshire
Trailer: 5.0 TA - Sept. 2015, 2016 F250 Crewcab
Posts: 309
Have you shown them the build sheet? It is ETI's price, not suggested, it is what it is.
__________________
Charlie & Lucy
--
"I can't complain... but sometimes I still do."
Joe Walsh
Charlie & Lucy is offline   Reply With Quote
Old 05-25-2015, 08:54 PM   #4
Senior Member
 
rbryan4's Avatar
 
Join Date: Jun 2014
Location: San Antonio, Texas
Trailer: 2015 19 "Past Tents", 2015 F150 Ecoboost
Posts: 7,605
Quote:
Originally Posted by P&L View Post
We thought we had everything in place to finance a portion of our 19', but our credit union is requesting Escape submit their MSRP. This is a bit confusing and they are aware that Escape is the manufacturer. Barb from Escape is waiting for my response, too. Has anyone else have this experience and what did your financial company end up doing?

There is no MSRP. The price is the price. MSRP is a dealer thing, and Escape sells direct. Its hard for some finance companies to wrap their head around such a simple concept, because the vast majority of vehicles they finance are through a dealer. Just submit the build sheet, and that's the retail price. We spent a couple of hours and several phone calls "educating" our lender.
__________________
"You can't buy happiness, but you can buy an RV. And that is pretty close."
rbryan4 is offline   Reply With Quote
Old 05-25-2015, 09:31 PM   #5
Senior Member
 
Join Date: Mar 2014
Location: Olathe, Kansas
Trailer: 2015 21ft Escape "Spirit of the Plains", 2014 GMC Sierra with max tow package
Posts: 997
And then they might have to figure out that ETI's prices are in Canadian dollars and with today's exchange rate your US dollars will be about 20% less. I'm just waiting for the Kansas DMV to want to charge sales tax on Canadian dollars. Loren
Loren & Cathy is offline   Reply With Quote
Old 05-25-2015, 09:34 PM   #6
P&L
Senior Member
 
P&L's Avatar
 
Join Date: Apr 2015
Location: Tracy, California
Trailer: Escape 19 2015
Posts: 216
Quote:
Originally Posted by Loren & Cathy View Post
And then they might have to figure out that ETI's prices are in Canadian dollars and with today's exchange rate your US dollars will be about 20% less. I'm just waiting for the Kansas DMV to want to charge sales tax on Canadian dollars. Loren
In another post somewhere I read one DMV took the owner's word for the exchange rate. Let us know what happens, Loren and Cathy.

Thanks everyone for the quick response. You have given us good ideas on how to approach our credit union.
P&L is offline   Reply With Quote
Old 05-25-2015, 09:49 PM   #7
Senior Member
 
Join Date: Jan 2014
Location: Signal Mountain (Chattanooga), Tennessee
Trailer: Escape 21 November 2014; 2016 Ram Eco-diesel 4WD Crew
Posts: 313
My successful technique was to take a printed page of the calculation of your Canadian price as converted to U.S. dollars by an official seeming website such as Royal Bank of Canada.
The scholars at the DMV were baffled by the whole concept, and the piece of paper gave them something to accept "for the auditors".
Bill and Earline is offline   Reply With Quote
Old 05-25-2015, 10:07 PM   #8
P&L
Senior Member
 
P&L's Avatar
 
Join Date: Apr 2015
Location: Tracy, California
Trailer: Escape 19 2015
Posts: 216
Quote:
Originally Posted by Bill and Earline View Post
My successful technique was to take a printed page of the calculation of your Canadian price as converted to U.S. dollars by an official seeming website such as Royal Bank of Canada.
The scholars at the DMV were baffled by the whole concept, and the piece of paper gave them something to accept "for the auditors".
That brings to mind a story from many years ago. Those days I didn't have a credit card and my ID was limited to a paper employment card and my driver's license. The grocery store needed another ID to take my check. The next day I typed a bogus number on my employment card. From that day forward I never had a problem with a vendor taking my check. Funny that having an answer, not matter how accurate it is, could be the solution.
P&L is offline   Reply With Quote
Old 05-25-2015, 10:23 PM   #9
Senior Member
 
Join Date: Mar 2014
Location: Olathe, Kansas
Trailer: 2015 21ft Escape "Spirit of the Plains", 2014 GMC Sierra with max tow package
Posts: 997
Quote:
Originally Posted by P&L View Post
That brings to mind a story from many years ago. Those days I didn't have a credit card and my ID was limited to a paper employment card and my driver's license. The grocery store needed another ID to take my check. The next day I typed a bogus number on my employment card. From that day forward I never had a problem with a vendor taking my check. Funny that having an answer, not matter how accurate it is, could be the solution.
If you can't dazzle them with brilliance, baffle them with bull-well, you know. Loren
Loren & Cathy is offline   Reply With Quote
Old 06-09-2015, 11:04 AM   #10
P&L
Senior Member
 
P&L's Avatar
 
Join Date: Apr 2015
Location: Tracy, California
Trailer: Escape 19 2015
Posts: 216
Quote:
Originally Posted by P&L View Post
We thought we had everything in place to finance a portion of our 19', but our credit union is requesting Escape submit their MSRP. This is a bit confusing and they are aware that Escape is the manufacturer. Barb from Escape is waiting for my response, too. Has anyone else had this experience and what did your financial company end up doing?

Well, Well. Our credit union asked for the MSRP but when they had to wait more than five days (due to the past rally) they went ahead and processed the remaining loan, but gave us $$ in Canadian funds, probably because they are only financing about 1/3 of the trailer cost. We will get a refund and use it to fund the tax payment.

If we can pass on any useful information: Shop around if you are getting a loan. Our local credit union is 4%, Costco was 9%, and our other credit union and bank was a personal loan of 21%. We couldn't believe the varying rates.
__________________

__________________
Kilometers are shorter than miles. Save gas, take your next trip in kilometers.” –George Carlin
P&L 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 02:06 AM.


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