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10-30-2017, 01:16 PM
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#181
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Senior Member
Join Date: Nov 2013
Location: Grand Rapids, Michigan
Trailer: 2018 21'
Posts: 152
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I did something slightly different to hedge the exchange rate. At my favorite brokerage, I didn't do anything with actual Canadian dollars, but I did buy Canadian bonds mutual fund with US dollars. The goal was that if the exchange rate varied, I was protected and I made some yield off the bonds at the same time. When I bought a trailer, I sold the mutual fund shares and used the US dollars I got from that to buy the trailer. One additional risk with this method (that was acceptable to me) involved interest rate differentials. I did this a while back when the exchange rate was near its most favorable and it worked out well for me. YMMV.
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03-15-2020, 04:48 PM
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#182
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Site Team
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 11,038
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This is an old thread, but I didn't want to start a new one with the same topic.
Just read, the Fed is going to cut the interest rate to zero. IF you are a serious Escape trailer buyer, keep an eye on the exchange rate. Right now it's approx. 72 cents to 1 USD. It may drop further starting tomorrow.
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
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03-15-2020, 05:00 PM
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#183
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Senior Member
Join Date: Oct 2009
Location: Galesville, Wisconsin
Trailer: 2017 21 "Blue II" & 2017 Highlander XLE (previously 2010 17B "Blue" & 2008 Tacoma)
Posts: 4,232
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Good timing Donna. I was just looking at that exchange rate at .72 and thinking that if I had a trailer on order I'd probably just go ahead and pay it all off at that rate. I thought it was amazing when we got our 21 at .75. When we bought our 17B in 2010 it was just about 1 to 1.
__________________
Eric (and Mary who is in no way responsible for anything stupid I post)
"Beware of false knowledge; it is more dangerous than ignorance." George Bernard Shaw
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03-15-2020, 05:17 PM
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#184
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Site Team
Join Date: Jun 2014
Location: Canyon Lake, Texas
Trailer: 2015 19 "Past Tents", 2021 F150 Lariat 2.7L EB
Posts: 10,222
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I was under the impression that Escape now "sets" the USD base price, as well as their options pricing, just as they do the CAD prices. They ask you to choose your currency on their website when you go to "build your Escape". In such a case, I don't see alot of benefit for US buyers if the exchange rate falls. Perhaps I don't understand how they're actually doing it. I'm merely assuming based on what their website shows.
__________________
"You can't buy happiness, but you can buy an RV. And that is pretty close."
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03-15-2020, 05:23 PM
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#185
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Senior Member
Join Date: Oct 2009
Location: Galesville, Wisconsin
Trailer: 2017 21 "Blue II" & 2017 Highlander XLE (previously 2010 17B "Blue" & 2008 Tacoma)
Posts: 4,232
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Robert - you are most likely correct. I haven't kept up in that and went to look and see a US$ price and a C$ price. Looks to be around .80 on the base 21 pricing. I wonder if the US price varies with the exchange rate?
__________________
Eric (and Mary who is in no way responsible for anything stupid I post)
"Beware of false knowledge; it is more dangerous than ignorance." George Bernard Shaw
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03-15-2020, 05:25 PM
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#186
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Site Team
Join Date: Jun 2014
Location: Canyon Lake, Texas
Trailer: 2015 19 "Past Tents", 2021 F150 Lariat 2.7L EB
Posts: 10,222
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Quote:
Originally Posted by thoer
I wonder if the US price varies with the exchange rate?
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I have no idea Eric, but if I were guessing, I'd say no. Otherwise, there would not be much point in posting the USD prices - since they would change daily.
__________________
"You can't buy happiness, but you can buy an RV. And that is pretty close."
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03-15-2020, 05:45 PM
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#187
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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If you are in the US and can buy Canadian dollars at 72 cents, could you not then price your trailer in CAD and pay in CAD with those cheaper dollars?
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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03-15-2020, 05:46 PM
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#188
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Site Team
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 11,038
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But if you exchange USD for CAD and pay in CAD wouldn't it be better because you're getting more CAD for US dollars?
The listed price for a 5.0TA is
$29,995 USD
$37,495 CAD
But if I pay in CAD, at 72cent it would cost me 27068.39 USD
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
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03-15-2020, 06:01 PM
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#189
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Site Team
Join Date: Jun 2014
Location: Canyon Lake, Texas
Trailer: 2015 19 "Past Tents", 2021 F150 Lariat 2.7L EB
Posts: 10,222
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Yes, I suppose you could always pay in CAD. You just wouldn't be able to do it the way we used to, where you send USD and they do the conversion upon deposit.
__________________
"You can't buy happiness, but you can buy an RV. And that is pretty close."
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03-15-2020, 06:03 PM
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#190
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Senior Member
Join Date: Aug 2015
Location: Benton County, Iowa
Trailer: 2013 Escape 21 Classic Number 6, pulled by 2018 Toyota Highlander
Posts: 8,250
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Three large. That’s worth looking into.
Iowa Dave
__________________
Ain’t no trouble jacking a double Burma Shave
Dave
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03-17-2020, 01:07 PM
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#191
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Site Team
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 11,038
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Exchange just hit 71 cents CAD to 1 USD.
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
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03-17-2020, 01:54 PM
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#192
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Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
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Now 70.28 cents.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
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03-17-2020, 03:33 PM
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#193
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Site Team
Join Date: Jun 2014
Location: Canyon Lake, Texas
Trailer: 2015 19 "Past Tents", 2021 F150 Lariat 2.7L EB
Posts: 10,222
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So, a 5.0TA for example, loaded with 10 grand in options, would be around 33K US. Hmmm.
__________________
"You can't buy happiness, but you can buy an RV. And that is pretty close."
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03-17-2020, 03:41 PM
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#194
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Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
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hhmmm, I see a road trip in Robert's future......... 
__________________
Jim
Sometime life gets in the way of living.......
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03-17-2020, 07:39 PM
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#195
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Senior Member
Join Date: Sep 2016
Location: Bremerton, Washington
Trailer: 2019 5.0 TA
Posts: 1,141
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I used XE exchange when I bought my 5.0 a year ago. What I liked about them is you can set a transaction target. The way it works is I would send them $9K US and say execute the transaction when the exchange rate = X. Once the rate hit my target, the transaction would go through and they would send Canadian funds to Escape. I did this several times and ended up with an overall effective rate of 74.5 via 4 transactions.
__________________
- Arnie & Paula & Kizzy the rat terrier
https://www.arniesea.com
- 2019 5.0 TA, 2017 Tundra Platinum.
- Bremerton, WA
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03-17-2020, 09:40 PM
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#196
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Senior Member
Join Date: May 2015
Location: Bellingham, Washington
Trailer: 5.0 TA "Sea'scape"
Posts: 278
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Do a quick search for "TransferWise" or "XE" to read recent posts showing how some of us have saved several hundreds or a few thousand dollars by using these currency transfer services to convert our US dollars to Canadian dollars and then using those Canadian dollars to pay for our trailers.
xe
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03-18-2020, 07:58 AM
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#197
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Junior Member
Join Date: Nov 2012
Location: Southern, Ontario
Trailer: 2011 Casita SD 17'
Posts: 29
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Quote:
Originally Posted by Donna D.
Exchange just hit 71 cents CAD to 1 USD.
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Quote:
Originally Posted by gbaglo
Now 70.28 cents.
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And dropping
https://www.cbc.ca/news/business/loo...d-19-1.5500421
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03-18-2020, 10:39 AM
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#198
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Senior Member
Join Date: Feb 2010
Location: Alcoa, Tennessee
Trailer: 2015 5.0 TA
Posts: 419
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Many years ago when the exchange rate was one to one, I knew Amerians living close to the border who opened Canadian bank accounts and used whichever currency was favorable when shopping over the border. I'm guessing some Canadians did the same.
__________________
2015 Escape 5 TA
2016 Ford F-150
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03-19-2020, 03:16 PM
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#199
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Site Team
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 11,038
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Now at 69 cents CAD to 1 USD
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
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03-19-2020, 03:34 PM
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#200
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Senior Member
Join Date: Aug 2015
Location: Benton County, Iowa
Trailer: 2013 Escape 21 Classic Number 6, pulled by 2018 Toyota Highlander
Posts: 8,250
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Buy Three
Quote:
Originally Posted by Donna D.
Now at 69 cents CAD to 1 USD
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If you bought three Escapes with US Dollars you could save enough to get the fourth one
Nearly free. Hear that Jim Norman. Just Roll the first three over at Jimmy Norman’s Pretty Good Fiberglass Camper Lot and you have a new one for just about nothing. Loan me your truck and credit card and I’ll go pick
them up for you. I’m not busy. You’re welcome
Iowa Dave
__________________
Ain’t no trouble jacking a double Burma Shave
Dave
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