Locks in the rate they have for the year you choose. Typically, they will have pricing today for future hunts. Like 2023 is $38000, 2024 is $40,000, 2025 is $42,000, etc. They factor in inflation and you lock in the price. Then there will be a payment schedule along with it. Like 10% down, 30% a year out, 30% maybe 3 months out and final payment at time of hunt, or something like this.Thanks for your reply and that makes sense on popular hunts. Does the deposit normally lock it in at the current rate or does it float and increase to a higher rate later?
Generally speaking. BUT read the contract carefully for escalators. Very few do anything sneaky, but it does happen, so do your due diligence.
Jeremy