SIGNAL FX RATE LOCK

Eliminate FX Risk When Exporting Vehicles

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.

Lock Your Micro FX Forward
Canadian and US flag on top of an image of a parking lot filled with cars

Mitigating FX Risk is Crucial to Protecting Your Profits

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.

"The combination of Signal's tools and substantial finance gave our business the backbone to focus on volume and rotation, while significantly increasing our exposure to the US market"
Gary K, Autoboyz Fine Cars Inc. 
Signal Finance screenshot showing how to request

Gaining Control:
A Rate Lock Example

Example of an FX Loss

USD $48,000 Wholesale Value to a US Dealer
  • 1.359 FX Rate at Purchase = CAD $65,232
  • 1.332 FX Rate at Sale = CAD $63,936
Results in a $1,296 Loss

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.

“Our export business has grown considerably. The combination of Signal's tools and substantial finance gave our business the backbone to focus on volume and rotation, while significantly increasing our exposure to the US market. We look forward to the further growth offered by partnering with Signal!”
Gary K, Autoboyz Fine Cars Inc. 
I’ve been partnered with Signal for over 5 years now, and their bundled services innovate and make me more efficient running my business. Quick payment processing, support on fx, and visibility into my vehicle from purchase to sale has played an instrumental role in scaling my business from 30 vehicles per month to over 150 vehicles per month.
Omar Alomar, Ramo Al Auto Sales
5x Faster
Sales of Signal's smart-suggested inventory than regular listings
8 Days
Average time it takes for a vehicle to sell on Signal Marketplace
29M Transactions
Analyzed over the past year to inform the inventory suggestion algorithm

Apply for FX Rate Lock Now

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

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