My dealer here in Conway Arkansas says the best interest rate they can do is 8.99%. I see guys all over this forum getting way lower. What gives? My credit is excellent. Is this normal for a 4 and 5 yr term right now? I asked about a 3yr term and they said it wouldn't change much. Is the interest rates dealer driven? or Harley MOCO driven? Anyone know of dealers near me offering lower? I really want to do business locally, but not if I'm getting killed on the interest.
BTW my bank is offering 8.25% 3, 4, 5yr terms. so not much better.

 

Mine was 9.95% when I bought in October from Harley. I did a refi thru my bank at 4.24%.

 

If you have good credit and cannot get rates in the 4's or lower, your simply paying too much. Go to a local credit union if need be. Just my .02, but in todays time, there is no way I would consider your current offer. Good luck.

 

They're gonna hose you at the dealer regardless of your credit score. Go to a local credit union if you have one.

 

Mine was 6.5 in sept.Tried my credit union and a couple other banks and HD was still lower.

 

I got 6.99 thru HD. Your dealer is probably adding a couple of percent to the loan.. I'd tell them lower interest or no bike OR as mentioned go to a credit union....

 

Got this email today from one of the local dealers. Maybe you can use this info to negotiate a better rate??

http://archives.subscribermail.com/m...a8d1df0917.htm

 

I've never done business with a credit union. I'm assuming they want membership before they loan to you? Something i'm not opposed to. just not had much experience with credit unions.

 

It's usually opening a free savings or checking account with a small fee for joining ($25 or so). You will save alot for the little effort it takes. The guy who I traded my bike for got 4.X% on a used bike.

 

HDRamon07 thank you! I am printing that right now. I'm going to call this dealer and see what financing they can give me and go from there. might be on just select models. but i'm going to try. Thanks!