SunFan Posted May 20, 2020 Report Share Posted May 20, 2020 Its time to buy a new(er) car again. The last time I did it in 2016 I wrote a cheque for deposit to my Bancomer account. Took forever. Can anyone recommend one of the new electronic transfer services and what they might charge. My loot is in a Canadian bank. Thanks for any recommendations and advice. SunFan Quote Link to comment Share on other sites More sharing options...
Bisbee Gal Posted May 20, 2020 Report Share Posted May 20, 2020 We charged our new car in 2017, lots of airline miles and excellent exchange rate from our US credit card. No interest as we auto-pay our bill via our US bank account....got a 30 day float, too. Quote Link to comment Share on other sites More sharing options...
virgo lady Posted May 20, 2020 Report Share Posted May 20, 2020 Haven't used this one myself, however know people who do, for CDN to MX, and they seem to like it: https://www.xe.com/mt/ca-money-transfer 1 Quote Link to comment Share on other sites More sharing options...
EldonNova Posted May 20, 2020 Report Share Posted May 20, 2020 1 hour ago, SunFan said: Its time to buy a new(er) car again. The last time I did it in 2016 I wrote a cheque for deposit to my Bancomer account. Took forever. Can anyone recommend one of the new electronic transfer services and what they might charge. My loot is in a Canadian bank. Thanks for any recommendations and advice. SunFan You are the second person today on this site that did not proof read their material before posting. "Monet" - think you meant "Money". 1 1 1 Quote Link to comment Share on other sites More sharing options...
Whipstock Posted May 20, 2020 Report Share Posted May 20, 2020 I have recently had great success using "Transferwise". Went from RBC to Intercam in less than 48hrs at a better rate than any bank I've seen,....but they charge about an additional $10 per $1000. https://transferwise.com/ Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted May 20, 2020 Report Share Posted May 20, 2020 Sunfan you can edit your own initial post and correct the title. 1 Quote Link to comment Share on other sites More sharing options...
CHILLIN Posted May 20, 2020 Report Share Posted May 20, 2020 Maybe Sunfan is selling one of his Monet paintings to buy the car. You didn' t think of that, now did you? 4 Quote Link to comment Share on other sites More sharing options...
johanson Posted May 20, 2020 Report Share Posted May 20, 2020 I find the least costly way is to either increase the maximum funding I can put on one or two credit cards from my two Seattle B of A accounts and use one or two credit cards to buy that car or as I did in 2014 when I bought my then new HONDA CRV from S&S Auto, lakeside. I wired US funds down from my Bank of American checking account to my Mexican bank account which happens, in my case, to be Actinver Bank in Ajijic. And then they wrote for me a certified check for the specified cost in pesos of my car from the seller, S&S Auto. I got the best rate of exchange for my US dollars when I wired down US dollars to my Mexican account. Then my Bank converted the funds to Mexican pesos Quote Link to comment Share on other sites More sharing options...
SunFan Posted May 20, 2020 Author Report Share Posted May 20, 2020 4 hours ago, EldonNova said: You are the second person today on this site that did not proof read their material before posting. "Monet" - think you meant "Money". Thank you. How was my grammar? SunFan 3 Quote Link to comment Share on other sites More sharing options...
mudgirl Posted May 21, 2020 Report Share Posted May 21, 2020 5 hours ago, EldonNova said: You are the second person today on this site that did not proof read their material before posting. "Monet" - think you meant "Money". My reading of it was that he was being tongue-in-cheek. How exactly would "After I sell my money" make any sense? Perhaps you have never heard of Monet and didn't get the joke? 3 2 Quote Link to comment Share on other sites More sharing options...
cedros Posted May 21, 2020 Report Share Posted May 21, 2020 6 hours ago, EldonNova said: You are the second person today on this site that did not proof read their material before posting. "Monet" - think you meant "Money". I understood it as Monet. It made sense. Money would not make sense. Quote Link to comment Share on other sites More sharing options...
cedros Posted May 21, 2020 Report Share Posted May 21, 2020 If you buy through S & S Auto there is no need to transfer money. Just write a cheque on your Canadian account. Quote Link to comment Share on other sites More sharing options...
johanson Posted May 21, 2020 Report Share Posted May 21, 2020 I always check which option is best for transferring funds from up north and transferring same in pesos like I did when I bought my CRV from S&S Auto. If I had transferred my US dollars to my Actinver checking account I wouldn't have done as well as I was able to when I transferred funds to my Actinver brokerage account. S&S also offered a good rate of exchange. I can't remember why because it was seven or so years ago but it was in my best interest to wire money to my Actinver Brokerage account and then pay in Mexican pesos to S&S auto. I remember that my worst choice would be the slightly lower exchange rate the Actinver Bank account offered than the Actinver Brokerage account. And we are talking about a very small of money saved here. but a few dollars or toonies saved is a few dollars or toonies saved. Oh and for those of you don't know, there are two Canadian Loonies per one Canadian Toonie Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted May 21, 2020 Report Share Posted May 21, 2020 Well Sunfan if you're selling a real Monet you should be able to get quite the car. I wonder if there's still a Lamborghini dealer in GDL. Be sure and post a picture for us. Quote Link to comment Share on other sites More sharing options...
Mitch Posted May 21, 2020 Report Share Posted May 21, 2020 If buying a Toyota they will not accept a credit card. I ordered a new Toyota a few months ago and the dealer absolutely would not take a card. Quote Link to comment Share on other sites More sharing options...
cookj5 Posted May 21, 2020 Report Share Posted May 21, 2020 10 hours ago, EldonNova said: You are the second person today on this site that did not proof read their material before posting. "Monet" - think you meant "Money". Gee, and I was hoping to make a bid for the Monet. Don't care for his work myself, but my wife is a fan. Oh well, I'll have to settle for the work of R. Crumb. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted May 21, 2020 Report Share Posted May 21, 2020 Credit card fees in Mexico are very high. Minimum 4% so if a dealer would take a credit card he would give you that much discount for cash. Is a 30 day float or points worth that? Quote Link to comment Share on other sites More sharing options...
Floradude Posted May 21, 2020 Report Share Posted May 21, 2020 I transferred the funds from my Intercam account directly into the account of the Honda dealer. Quote Link to comment Share on other sites More sharing options...
mod-3 Posted May 21, 2020 Report Share Posted May 21, 2020 22 hours ago, EldonNova said: You are the second person today on this site that did not proof read their material before posting. "Monet" - think you meant "Money". And this is the second unnecessary critical comment you have made today. Take a break, please. 3 3 Quote Link to comment Share on other sites More sharing options...
Go Solar Posted May 27, 2020 Report Share Posted May 27, 2020 Back to the OP..... check this out too, looks like it could be a good option for sending from Canada to MX. https://www.cibc.com/en/personal-banking/ways-to-bank/how-to/global-money-transfer.html Quote Link to comment Share on other sites More sharing options...
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