Harley Refinance
#1
Harley Refinance
If you guys are like me, I got the royal screw-job when I bought my bike through Harley Finance. I've had the loan for a year and a half, and have made timely payments. Before I call them and try to strong-arm them down to a reasonable APR, has anyone here had good luck refinancing through an online bank or credit union? A lot of places don't like to loan on bikes, so I'm curious if you guys have any insight.
Thanks,
fF
Thanks,
fF
#2
#3
You want to use an "on-line bank"? And think that would give you better APR?? Why not use your own personal bank??? Most likely any on-line banking system is going to be geared towards those people who have a hard time getting credit elsewhere. Therefore, the rates will be considerably higher than a normal bank.
A credit union is good. But you need to belong to them and have an account there for any credit union I have seen.
Maybe join a credit union, and then a few months later apply for a loan. Or, go to the bank where you have your personal accounts.
But I'd avoid an "on-line" bank.
A credit union is good. But you need to belong to them and have an account there for any credit union I have seen.
Maybe join a credit union, and then a few months later apply for a loan. Or, go to the bank where you have your personal accounts.
But I'd avoid an "on-line" bank.
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#8
You want to use an "on-line bank"? And think that would give you better APR?? Why not use your own personal bank??? Most likely any on-line banking system is going to be geared towards those people who have a hard time getting credit elsewhere. Therefore, the rates will be considerably higher than a normal bank.
A credit union is good. But you need to belong to them and have an account there for any credit union I have seen.
Maybe join a credit union, and then a few months later apply for a loan. Or, go to the bank where you have your personal accounts.
But I'd avoid an "on-line" bank.
A credit union is good. But you need to belong to them and have an account there for any credit union I have seen.
Maybe join a credit union, and then a few months later apply for a loan. Or, go to the bank where you have your personal accounts.
But I'd avoid an "on-line" bank.
Another option is to go with your own bank, but just get a personal loan/line of credit where you can write a check to anyone you want.....& write the check to pay off the bike. You'll have your lower APR, lower monthly payment, probably less time on the loan now, and the title for the bike all in one. I used my regular bank when I purchased the HD back in 2000.
Last edited by WVHogRider; 06-29-2009 at 02:38 PM.
#10
Banks are desperate right now for any business...yours may not "do bikes", but I'll bet they will let you "consolidate" your high interest loans...take a credit card or two, lump your bike loan in and refinance the whole lot for a lower interest rate...we did this a couple of years ago to get money for a new roof...saved me thousands in interest in the long run...