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Old 05-03-2015, 06:29 PM   #21
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even better

thanks for the note being cheaper now but how does that work being year out Do you lock in on the rate now? I would assume that's how it must work.
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Old 05-03-2015, 06:38 PM   #22
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thanks for the note being cheaper now but how does that work being year out Do you lock in on the rate now? I would assume that's how it must work.
The lender will probably look at your situation and tell you when you can lock in a rate. Just ask up front when you can lock it in. No question the rate is excellent now. Does not mean it will not get better. In 2011 when Americans bought Escapes, they paid extra because the exchange rate was against us. Now it is highly in our favor. If you lock it in soon, hardly seems you can lose.
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Old 05-03-2015, 06:42 PM   #23
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thanks cathy I am going to Costco Mon start with Essex credit first. I not so much worried about the interest rate as you can write it off plus checking mulipy lenders means they each check your credit score which effects your credit score. I mean 6 percent over 20 years on a 30k loan outweighs bedbugs in hotels. I will never go thru that again. Anyway, having owed a Casita in the past I know what I want, at this stage in life its basic, just hope with this Escape I can get the refrig to stay cold. Sad to say at my age but that's what I would enjoy. Escape Co was kind enough to give an offer sheet based on my build sheet. Hopefully, I can present this Essex and things will go smooth Thanks again for your insight
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Old 05-03-2015, 06:43 PM   #24
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Every time you send a payment to ETI, you'll get the rate for that day. It can and will change. It's not based on the rate for the first payment.

The lock rate with your lender is for the loan.
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Old 05-03-2015, 06:58 PM   #25
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If you want to see virtually every model of Escape plan to visit the Mississippi River Escape Rendezvous starting September 25. It is real close to St. Louis with the rally planned for the Quad Cities. Here is a link to the event.

There maybe other events in the area that are even earlier in the year.
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Old 05-03-2015, 06:59 PM   #26
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thanks cathy I am going to Costco Mon start with Essex credit first. I not so much worried about the interest rate as you can write it off plus checking mulipy lenders means they each check your credit score which effects your credit score. I mean 6 percent over 20 years on a 30k loan outweighs bedbugs in hotels. I will never go thru that again. Anyway, having owed a Casita in the past I know what I want, at this stage in life its basic, just hope with this Escape I can get the refrig to stay cold. Sad to say at my age but that's what I would enjoy. Escape Co was kind enough to give an offer sheet based on my build sheet. Hopefully, I can present this Essex and things will go smooth Thanks again for your insight
Do you know your credit score? You do not need to let a lender check your credit if you are worried about it affecting your score. --- I have heard the same and don't get why it should but you don't have to let them check it. You can tell them your score (have the first one give you your score, if you do not know it --- if you can get it out of them) and get the facts on the different lender's loans and see if you even think you want to use them, or can. Then go where you like the best. As for a cold fridge, uh oh, don't know about that one!
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Old 05-03-2015, 06:59 PM   #27
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okay thanks donna I appreciate it but how many payments are send to eti When I brought the casita its a despot and the finial payment. I have my build sheet in mind and will request a quote based on that and will make no changes. When I receive the quote from eti I will give them the upfront money and then I assume I would pay the balance upon delivery based on the quote that was presented at the time of entering the contract. We are each gambling on the exchange rate so it seems logical to me but I am not a bright guy so maybe I am missing something? So I am thinking again, my mom would have been proud she never thought I thought anything out, maybe I need to wait until the build is completed and then apply for the loan. My concern on that is what if I get turned turn down. I doubt that would happen, but this is what brings me back to why I waited to trailer. There is so much uncertainty on this. Banks are a lot more hesitant on lending money on an rv loan,
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Old 05-03-2015, 07:01 PM   #28
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Every time you send a payment to ETI, you'll get the rate for that day. It can and will change. It's not based on the rate for the first payment.

The lock rate with your lender is for the loan.
Good point, Donna.

And Paul. Yes, Kevin! come to the rally.

Yes, you can pay when the trailer is done but most people probably pay it in advance. We have paid much of ours to make sure we had a good rate and our build sheet is not even due yet. If the rate goes more in our favor, all the better for the rest due. If not, we had a great rate on what we have paid. No telling for you this far out.

You should apply for a loan long before your build sheet is due so you know your situation.
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Old 05-03-2015, 07:12 PM   #29
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Just to edit my initial post

I will contact eti to address my concerns and will discuss with Essex my loan opinions after my discussions with eti. It cannot be that difficult Looking forward to finally enjoy life again in camper. Thanks for all the help As they say you just have to take the leap.
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Old 05-03-2015, 07:14 PM   #30
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...means they each check your credit score which effects your credit score...
Why would a bank (or whatever) checking one's credit score affect that credit score?
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Old 05-03-2015, 07:28 PM   #31
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okay thanks donna I appreciate it but how many payments are send to eti When I brought the casita its a despot and the finial payment. I have my build sheet in mind and will request a quote based on that and will make no changes. When I receive the quote from eti I will give them the upfront money and then I assume I would pay the balance upon delivery based on the quote that was presented at the time of entering the contract. We are each gambling on the exchange rate so it seems logical to me but I am not a bright guy so maybe I am missing something?
You may find there are as many different ways folks paid for their trailers as there are members here on the forum. I wrote the big fat check when I took my build sheet (and product) to ETI mid-April. When I picked up Ten Forward on July 3rd, I wrote the balance. I think it was around $200. And that was mostly for all the product I was buying.. off the wall, like the wrap around rug for the step.


I think you should call ETI and discuss. I know you can't just write a personal check for 99.9% of it and take possession the same day. Maybe you can with a bank-to-bank wire transfer tho... and all though the dollar amount you pay won't change... the exchange rate may/will and THAT affects how much you pay in the end in US funds.
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Old 05-03-2015, 07:35 PM   #32
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Just remember Kevin, the prices on the website are in Canadian dollars, these need to be converted to American dollars. For example, if a trailer with options comes in at $30,000 canadian, that means you will pay about $25,000 US. That is what you need to tell the lender. Then they will want to lend you about 80% or $20,000 and you will need to come up with the balance of $5,000. You then send the entire $25,000 to Escape and the trailer is bought and paid for, you just wait for it to be built.
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Old 05-03-2015, 07:37 PM   #33
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thanks for your replies

okay floating cloud I will likely pay it upfront based on loan rates being low now and it will likely even out with the exchange rate. I will w hold back 2k to ensure everything is okay on delivery Strange to being paying on depreciated asset before you get it but it is what it is Again thanks to all that posted. Man I was no concerned about major purchases until I hit 55 old age and being wiser is overrated.


Karen H, I would agree with you. Working in the business I am, insurance and investing in real estate, its makes no sense to me either but numerous inquiries in a short period of time can mean a drop in credit score. Even some rental propties that I tried to buy I was turned by my insurance carrier because the loss runs on the property showed excessive claims in short period of time therefore they could not insure the property. I tell my daughter all the time your credit score means more than the score, insurance rates are based on that. I am no expert on this but I have seen this first hand with dealing with tenants running credit scores. I base a rental based on credit score I hear every day as I own rental property in nj where rentals are hard to come by. I hear each day people tell me they have been looking for place for a month and they know credit score is part of the process and they know there score is effected with each application. They ask I take in consideration. We are looking at maybe a 5 point or 10 point drop so 99 percent of the time it never comes in play. Anyway, that's whats been told me so I assume it must be right
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Old 05-03-2015, 07:50 PM   #34
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Yes, numerous inquiries and the question is what is numerous. Apparently, it is because they believe you are going from lender to lender being turned down because something is not good about your application. I don't think a little shopping among some lenders should cause that problem, but no telling.
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Old 05-03-2015, 07:53 PM   #35
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Ah, I get it! But it doesn't seem right.
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Old 05-03-2015, 08:46 PM   #36
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Don't know if you can include in a loan what you buy to send them such as flooring, fabric, and many other items that are often supplied by the owners.

You can, for the installation charges. They're on the bill of sale.
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