I'm looking at a used bike. The owner has it financed with HD Financial and just wants payoff. Does anyone know if the will transfer the note to me or would I be better off to use a bank?
Thanks!

 

Yes HD will transfer the note, I believe its called owner to owner or something like that, I believe they are trying to make it easy, not sure but I think its done through the dealerships. Its actually called rider to rider, the link provided, sounds to be good for a $200 dealer credit, as for who to finance with, that would take some investigation as to who offers the best terms on the note, banks and credit unions can usually beat HD on new bike, not sure on used though.

http://www.harley-davidson.com/conte...financing.html

 

same process as buying from a dealer minus the dealers fees. He sets a price and you procure a new loan in your name for that amount. He pays off the note and then the note transfers to wherever you get the loan. They may call it a "transfer" but its the same as a new loan. Same steps.


I would try other avenues than HD financial if you can. They don't have the best interest rates.

 

See what the moco offers first, I bought my wife's new bike through HD last year , and I got the loan at 0.9%.

 

Yup no problem...I remember years ago this Superglide I was looking at, private sale, he had a loan through a private bank. I remember at that time (since I didn't have a lot of cash to buy it outright)...I checked around and found that the HD dealerships have a program called "Dealer Assist". You get a loan through the dealership, they'll go pickup the bike, pay it off, reset a fresh load to you, give the bike a "go-over" (I'm sure to tack on a grand or so in "service fees")...and you pick it up from the dealership.

 

Make sure that the payoff doesn't exceed the value of the bike.

 

Wise words.

 

I had my own bank to finance mine and the bike owner had HD financing. What a pain and a month later. And make sure that the owner gives HD permission to send you the paid off title. If not HD will send the paid off title to the bike owner. And you have nothing.