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03-27-2012, 09:47 AM
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#1
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Senior Member
Join Date: Feb 2012
Location: Reston, Virginia
Trailer: none
Posts: 212
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Financing
Can anyone recommend a lender who is not afraid to make a loan to someone from the U.S. purchasing a trailer directly from a Canadian company (without going through an US dealer)?? 
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03-27-2012, 12:10 PM
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#2
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Senior Member
Join Date: Jan 2009
Location: Pollock Pines, California
Trailer: 2009 Escape 19
Posts: 453
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Re: Financing
I gave up using banks over 25 years ago. I've been using Credit Unions ever since and am very happy with the service I've received. I'd recommend shopping Credit Unions local to you, they might be more flexible with their policies.
Bruce
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03-27-2012, 12:46 PM
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#3
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Senior Member
Join Date: Oct 2008
Posts: 893
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Re: Financing
You may run into a little difficulty as Escape isn't listed in NADA.. As Bruce said CU tend to be more lenient/easier to deal with.. You might be able to use the For Sale portion of the website for comparable pricing in terms of retaining value.
Anyway hope you can find a lender and if you do, post back here so others will know..
__________________
Former 17ft Plan "B" Escape
Toyota Highlander w/tow pkg
favorite quote: "Put the candle back"
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03-27-2012, 12:53 PM
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#4
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Senior Member
Join Date: Jul 2009
Location: Silverdale, Washington
Trailer: No more Escape 21
Posts: 412
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Re: Financing
Yes, credit unions are the way to go.
__________________
2008 Toyota Highlander
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03-27-2012, 02:06 PM
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#5
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Senior Member
Join Date: Feb 2009
Location: San Antonio, Texas
Trailer: 2018 Escape 19
Posts: 374
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Re: Financing
My CU here in TX would not loan on a CAD vehicle either. Although I did not end up using them I believe that Wells Fargo would.
Steve
__________________
Steve and Cynthia
San Antonio, TX
Escape 19 "Why So Serious?"
2019 Chevy Silverado RST 1500, 5.3L
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03-27-2012, 02:07 PM
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#6
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Senior Member
Join Date: Feb 2012
Location: Reston, Virginia
Trailer: none
Posts: 212
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Re: Financing
Well, the crisis has been averted. Essex Credit corporation is more than happy to finance my purchase. WHEW!
Thanks for all the suggestions. Surprisingly, my local credit unions would either not loan or would only loan at outrageous interest rates. Go figure.
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03-28-2012, 07:59 PM
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#7
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Senior Member
Join Date: Oct 2008
Posts: 893
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Re: Financing
Good to know there's lenders out there that will work with you..
__________________
Former 17ft Plan "B" Escape
Toyota Highlander w/tow pkg
favorite quote: "Put the candle back"
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07-17-2012, 03:07 PM
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#8
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Senior Member
Join Date: Jul 2012
Posts: 124
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Re: Financing
Neither of the two credit unions I belong to will finance outside the U.S. They both suggested using a broker to get it in to the U.S. first and then they'll finance.
A broker is going to want their money up front, since Escape requires it up front, before bringing it in to the U.S. A catch 22.
__________________
Educating myself to the 5.0. My tow vehicle will be/is a 2012 Nissan Frontier SV V6 4x4.
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07-17-2012, 03:35 PM
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#9
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Senior Member
Join Date: Dec 2008
Location: ,, Oklahoma
Trailer: 17
Posts: 840
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Re: Financing
Essex mentioned above is not too far from you. Might be worth a try.
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07-17-2012, 03:58 PM
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#10
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Senior Member
Join Date: Dec 2008
Location: ,, Oklahoma
Trailer: 17
Posts: 840
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Re: Financing
Colorockies,
I have been looking for a Lender and thought about Essex. I have been with credit unions that only allow you to pay ahead on a car loan 6 to 8 months. They call it a policy not a penalty. Not Very good if you want to pay a loan off very quick. Have you seen any type of policy like that in your Essex paperwork? Where they only allow you pay ahead so many months? Thanks.
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07-17-2012, 07:23 PM
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#11
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Senior Member
Join Date: Oct 2008
Location: St. Thomas not BVI., Ontario
Trailer: 2014 Escape 5.0TA / 2016 Ram Eco Diesel 4X4
Posts: 8,038
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Re: Financing
Hi: All... I guess I'm lucky to have a secure line of credit for all my big boy toys. Got 3 kids through college and university and several new cars plus a truck/trailer combo. Our Trust Co. rates are slightly above prime and float/sink with the economy. Trouble is you're no good to a lending institution if you don't OWE!!! 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"!!!
'16 Ram Eco D. 4X4 Laramie Longhorn CC & '14 Escape 5.0TA
St.Thomas (Not the Virgin Islands) Ontario
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