Lock in your Foreign Exchange rate for each vehicle so you can eliminate risk and protect profits. No bank or FX provider offers this service to dealers today.
Rate Lock lets you book a 60 day FX forward on every vehicle you purchase, ensuring your profit margins are protected against currency fluctuations, without committing to large, risky traditional forward contracts.
When bidding a Canadian vehicle, you start with the US wholesale value (our AI can help with that) minus pack costs and profit margin, multiplied by the current FX rate.
However, it takes on average 45 days to process & sell after purchase, where FX rates will change and you risk losing money on the transaction.
Rate Lock gives you complete control, on a
per-vehicle basis, allowing you to more accurately predict future profits and reduce risk.
To apply for your next FX micro forward, please share a few critical details and our team will be in touch to get you started