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Old 05-09-2023, 01:46 PM   #1
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Prices Don't Reflect Current Exchange Rate

I'm considering purchasing an Escape, I am in the US. As I look at the starting prices on the Escape website the conversion from Canadian Dollar to US Dollar is very far off from the current exchange rate. Like $4000 - $5000 in favor of the CA. Also I went through the "Get a Quote" portal and again the US amount is way above the CA. I chatted with a rep on their website asking why this is so and the response is "I will look into the subject". No answer back yet. Is there a work around for this? Or does anyone have insight as to why the disparity?
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Old 05-09-2023, 02:19 PM   #2
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Is there a reason that you can't simply pay in Canadian dollars if you have a better exchange rate available? Sorry if this is a dumb question.
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Old 05-09-2023, 02:32 PM   #3
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That's not a dumb question - I'm wondering the same thing. I have to contact my bank to see if I can get a cashiers check in CA dollars. I know I cannot bring $50,000 cash across the border. There is a lot of paperwork involved in that. I'm thinking of looking into opening an international bank account. I don't deal in this financial realm so basically I am guessing.
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Old 05-09-2023, 02:38 PM   #4
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You can cross the border with a certified cashier Ck from your bank made out to escape for the amount owed on the trailer. This is what we did when we bought ours.
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Old 05-09-2023, 02:41 PM   #5
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Did they give you the current exchange rate or did you pay the extra $4000? Or did they exchanged evenly when you bought?
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Old 05-09-2023, 02:42 PM   #6
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Was your check in Canadian dollars?
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Old 05-09-2023, 02:55 PM   #7
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There will always be some disparity.

Canadians show up at ETI, say thanks a lot, hook up and go.

US trailers are exported to the US. There are costs involved.

There will always be disparity. When the Canadian dollar is stronger it's less. From my point of view I'm hoping the disparity lessens.

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Old 05-09-2023, 02:58 PM   #8
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Originally Posted by debra.traveler View Post
I know I cannot bring $50,000 cash across the border. There is a lot of paperwork involved in that.
Actually you can and the paperwork takes only a few minutes. As long as there's no suspicion that it's dirty money and showing the reason for the cash, the purchase, it's a non-event.

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Old 05-09-2023, 03:15 PM   #9
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Well that was my thought, there are expenses involved. I was hoping for explanation of what exactly those expenses are. For example, are the trailers built differently? I know there is no duty tax between US and Canada. Anyway, thank you for your thoughts. I will look into exchanging funds in US or getting some kind of CA check.

PS - I hope you were not implying that US customers are unappreciative and a pain to deal with.
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Old 05-09-2023, 03:31 PM   #10
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Two obvious expenses are the customs broker and the transport costs.

Not implying anything it's a legitimate question. Actually since I've owned a manufacturing company that sold the same product in Canada and the US the whole thing is deja vu for me. In my case I said, fine, pay in Canadian dollars here but you do have to pay sales tax etc. and then claim it back and import the product into the US.

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Old 05-09-2023, 03:33 PM   #11
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I'm not sure what source you are using when estimating the US$ to Can$ conversion however my experience has been that most online currency conversion estimators do not reflect what a financial institution will actually charge.
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Old 05-09-2023, 03:34 PM   #12
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Thank you for the info. I think I should look for a used one in the US
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Old 05-09-2023, 03:51 PM   #13
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Well, it turns out to be a moot point. Escape has called me to explain US citizens get the price that is quoted in US dollars. US citizens cannot get CA pricing or pay in CA dollars. So that it that.
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Old 05-09-2023, 03:52 PM   #14
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US Citizens cannot pay in CA dollars - according to Escape rep. Now I know.
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Old 05-09-2023, 03:56 PM   #15
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Thank you for the info. I think I should look for a used one in the US
That seems to be becoming more viable by the day. In years gone by there weren't nearly as many units in the US and used units were not so common as they are now.

I think that we've begun to see some of the pandemic inspired purchases now coming on the market. Prices seem to still be reflecting the former scarcity but I think they'll soften a bit as more used units hit the market.

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Old 05-09-2023, 04:41 PM   #16
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Back in the day they priced in Canadian dollars and the payment credits reflected the exchange rate that day. So it is what it is now.
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Old 05-09-2023, 05:11 PM   #17
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Back in 2020 when we got ours, they were still allowing USA to buy in Canadian dollars earlier in the year. Unfortunately they changed to USA pays the USA price, either early that year or late 2019.
I had already researched the rates and had my exchange all ready to go but ended up having to pay in USD.
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Old 05-09-2023, 07:47 PM   #18
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Yep- another Private Equity Arbitrage- style gambit and it has worked fantastically for their bottom line.
https://www.google.com/search?q=defi...hrome&ie=UTF-8
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Old 05-09-2023, 08:04 PM   #19
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You could always buy one of the private sales located in Canada.
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Old 05-10-2023, 08:39 AM   #20
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The Good Old Days Eh?

Quote:
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Yep- another Private Equity Arbitrage- style gambit and it has worked fantastically for their bottom line.
https://www.google.com/search?q=defi...hrome&ie=UTF-8
Hi: Rossue... I'm afraid the days of buying a Canadian trailer with US. dollars and getting a discount rate near what the banks give is a thing of the past!!!
Private Equity firms are where the wealthy park their money to make more money!!! They aren't fussy about how they do it either. Alf
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