US buyers take advantage of exchange rates - 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 12-07-2018, 02:11 PM   #1
Junior Member
 
Join Date: Jun 2016
Location: Spring Lake, Michigan
Trailer: Escape 5.0TA
Posts: 1
US buyers take advantage of exchange rates

We just visited ETI and met with Linda to finalize our 5.0TA build sheet. Linda was just fantastic to work with, she was very patient and full of helpful information. We traveled all the way from MI to make sure we totally understood the product and process. Being able to spend time looking at the trailers that were in the show room was invaluable. I would highly recommend visiting prior to purchasing.
The real reason for my post is we were able to open a checking account at TD Canada Trust. Since we are seniors the monthly fees were waived. We are now able to transfer monies from our accounts in the US and take advantage of a very favorable exchange rate. My understanding is you need to do this in person. However this will provide us a $10K saving on the purchase of our trailer. This may be a way to justify a trip to Chilliwack.
__________________

Ejdobbs is offline   Reply With Quote
Old 12-07-2018, 02:51 PM   #2
Senior Member
 
Hilola's Avatar
 
Join Date: Jun 2018
Location: Tehachapi, California
Trailer: none
Posts: 321
Thanks, will keep this in mind when the time comes.
__________________

__________________
Greg
Formerly owned a 2007 24' HiLo/ 2003 Tahoe combo. Interested in the 5.0TA
Hilola is offline   Reply With Quote
Old 12-07-2018, 08:48 PM   #3
Senior Member
 
emers382's Avatar
 
Join Date: Apr 2013
Location: Emerson, Manitoba
Trailer: 2016 Escape 5.0TA, 2015 F150 2.7EB
Posts: 952
Welcome to the forum and congratulations on your Escape.

Good idea opening a Canadian account, although you know up here you actually have a "chequing" account
__________________
Beth and Adrian
"Le Bon Oeuf"
emers382 is offline   Reply With Quote
Old 12-07-2018, 09:22 PM   #4
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: York, Pennsylvania
Trailer: 2019 2ndG Escape 21'LE DejaView pulled by 2014 Ram Hemi/8sp
Posts: 16,462
Quote:
Originally Posted by Ejdobbs View Post
We just visited ETI and met with Linda to finalize our 5.0TA build sheet. Linda was just fantastic to work with, she was very patient and full of helpful information. We traveled all the way from MI to make sure we totally understood the product and process. Being able to spend time looking at the trailers that were in the show room was invaluable. I would highly recommend visiting prior to purchasing.
The real reason for my post is we were able to open a checking account at TD Canada Trust. Since we are seniors the monthly fees were waived. We are now able to transfer monies from our accounts in the US and take advantage of a very favorable exchange rate. My understanding is you need to do this in person. However this will provide us a $10K saving on the purchase of our trailer. This may be a way to justify a trip to Chilliwack.
But now you have to go back and pick it up when completed, another trip and depending on when you make your payment, the rate changes almost daily. I have already paid for mine, via personal check and I'm not worried about rates, mine is locked in although not to be made for another 5 months. It is a gamble as no one knows the future. Try to attend the rally in May, 150 Escapes all lined up in one place.
__________________
Jim
The two most important days in your life are the day you were born and the day you find out why………..Mark Twain
cpaharley2008 is offline   Reply With Quote
Old 12-07-2018, 10:10 PM   #5
Senior Member
 
Join Date: Sep 2013
Location: Los Osos, California
Trailer: 2014 21 2013 Yukon
Posts: 2,839
Lot of other ways to get a square exchange rate including having your broker or bank wire funds directly to ETI.
__________________
"Are You Sure?
- Russell Casse, Independence Day
Rossue is offline   Reply With Quote
Old 12-08-2018, 09:53 PM   #6
Junior Member
 
Join Date: Jul 2018
Location: Denver, Colorado
Trailer: escape 5.0ta
Posts: 6
what's the advantage?

What's the advantage of opening up a Canadian bank account? When the time comes I'll pay using a check from my American account, and still take advantage of the exchange rate....am I missing something?
soaring360 is offline   Reply With Quote
Old 12-09-2018, 12:21 AM   #7
Senior Member
 
dfandrews's Avatar
 
Join Date: Sep 2014
Location: Ventura County, California
Trailer: 2015 Escape 17A - "The Pullman"
Posts: 1,579
Quote:
Originally Posted by soaring360 View Post
What's the advantage of opening up a Canadian bank account? When the time comes I'll pay using a check from my American account, and still take advantage of the exchange rate....am I missing something?

No miss; you're right on.


That's what we did in 2015: after the initial deposit (credit card while on the phone with ETI), we sent a couple of checks for the balance. We got ETI's bank's rate when they cleared the check. We actually ended up on the plus side, so we added a couple things onto our build list since they were then within budget!!!
__________________
Don & Teresa
2015 17A: 2011 Honda Pilot
In Orbe Terrum Non Visi
dfandrews is offline   Reply With Quote
Old 12-09-2018, 07:27 AM   #8
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 7,634
Quote:
Originally Posted by soaring360 View Post
What's the advantage of opening up a Canadian bank account? When the time comes I'll pay using a check from my American account, and still take advantage of the exchange rate....am I missing something?
Either works and either will be hit or miss when it comes to the exchange rate. Right now it's hovering around 75 cents to 1 USD. It may go down further or may go up. The lowest I've ever seen was 73 cents CDN, but that was a couple of years ago. It's been around 76 cents for months. I paid 84 CDN nearly 5 years ago.

Do you feel lucky?
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
Donna D. is online now   Reply With Quote
Old 12-09-2018, 07:31 AM   #9
Site Team
 
padlin's Avatar
 
Join Date: Sep 2009
Location: Southwick, Massachusetts
Trailer: 5.0 TA #6, 2012 F150 EB
Posts: 4,749
Just do whatever you're comfortable with, all the different ways to pay work and make perfect sense to the buyer. The only thing I recall seeing as a con to sending a check was someones mail took a couple weeks to get to ETI. I had no such issue.
__________________
Happy Motoring
Bob
padlin is offline   Reply With Quote
Old 12-09-2018, 08:12 AM   #10
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: York, Pennsylvania
Trailer: 2019 2ndG Escape 21'LE DejaView pulled by 2014 Ram Hemi/8sp
Posts: 16,462
Personal checks was my method, just remember Canadian mail needs double postage from US.
__________________

__________________
Jim
The two most important days in your life are the day you were born and the day you find out why………..Mark Twain
cpaharley2008 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






» Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by Escape Trailer Industries or any of its affiliates. This is an independent, unofficial site.



All times are GMT -5. The time now is 08:38 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Copyright 2012 Social Knowledge, LLC All Rights Reserved.