RE: Harley Owners Income Question.
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RE: Harley Owners Income Question. - 5/11/2008 6:05:13 PM
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Zevron
Posts: 172
Joined: 11/26/2007
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Bad Boy You will have to give me your address.
The article also said that most people who ride Harleys are orthodontists. That would explain why they all have such nice teeth.
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RE: Harley Owners Income Question. - 5/11/2008 6:24:01 PM
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cdale976
Posts: 493
Joined: 11/30/2006
From: pennsylvania
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ride the Harley and you don't need 80,000 a year
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RE: Harley Owners Income Question. - 5/11/2008 6:55:49 PM
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Turbo Flux
Posts: 145
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80k and the wife and I would have the Harley and not have to share the sofa sleeper with our three kids. Might even have enough left over for satellite.
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RE: Harley Owners Income Question. - 5/11/2008 8:19:53 PM
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Zattaltin
Posts: 186
Joined: 3/28/2007
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Yea...I barely make $1200 a month. I pay for my Harley with my tax money every year. Given I don't completely own my bike I am more than grateful to have my HD. There are times I have traded food for my pride. Couldn't live without the Blue Bomber
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~~Two of the three are lost, yet I remain...riding to find what's gone.
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RE: Harley Owners Income Question. - 5/11/2008 9:09:43 PM
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PITA
Posts: 76
Joined: 2/29/2008
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I think that's an average household income figure they're quoting. Anyways, putting my former financial planner hat back on, spending at or over a quarter of your annual income on a motorcycle isn't a smart financial choice.
But if you still sleap at night, than whogivesashit.
_____________________________
2008 Road King Classic
BMW R1150R, Honda Fireblade, RX8
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RE: Harley Owners Income Question. - 5/11/2008 9:22:33 PM
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swilsondds
Posts: 132
Joined: 4/22/2008
From: Phoenix, AZ
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quote:
ORIGINAL: Beercan321
quote:
ORIGINAL: swilsondds
But like most Americans, you seem to be saying "give me what I want....and i'll figure out how to pay for it later." Right? In my experience.....if you really love the bike...you will find a way to pay for it. We Americans always do, me included!
I don’t agree with that. I never buy something unless I know I can pay for it. I never want to be in a position where I overextend my credit to the point where I can’t make payments. Too many people have the “buy it now, pay later” attitude and they ultimately get burned. Look at the housing market. Foreclosures are at an all time high. Its not just houses either. It’s also affecting the auto and bike market. There are plenty of repossessed bikes on the market right now. When I was looking for a used bike I talked with a guy in Florida that makes a living selling repossessed cars and bikes. He had a whole bunch of Harleys. He has a dealer license and buys bikes directly from Harley Credit. I’m sure there are other people running similar businesses. There are a lot of newer low mile used bikes on the market right now. I bet a lot of the sellers are getting rid of their bikes because they can’t afford them. Most of the people I know that ride Harleys don’t make $80K a year. Fortunately they are smart enough not to over extend themselves so they can pay for the bike.
Well, no one wants to be over extended and, sure, people make mistakes with money. But not everyone that bought a house over the last few years went into foreclosure, and lots of folks still make the payments on thier new bikes just fine. They worked it out. I'm happy for you if you only deal in cash and don't finance anything. Good for you. But most of us put things on credit, make payments, and enjoy the things we purchased. That's all I'm saying.
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Ride Safe,
Doc
1995 Road King, Stage I
"I carry a gun because a cop is too heavy..."
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RE: Harley Owners Income Question. - 5/11/2008 9:32:28 PM
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Draxs
Posts: 81
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Guess I'm not your average Harley owner. I'm one of the guys that makes a lot more than 80K but in all honesty I'm tired of the responsibilites and the stress that comes with the job. I'm just about to the point where I'm ready to walk away and say the heck with it all.
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2007 Super Glide Custom
Stage One Kit, Rush Slippons
The journey is within
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RE: Harley Owners Income Question. - 5/11/2008 10:07:20 PM
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bsambuco
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It's the paradox of Harley ownership; you have to make 80k a year to buy one but dress like you're unemployed when riding it.
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RE: Harley Owners Income Question. - 5/12/2008 1:27:37 AM
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Gaffy52
Posts: 608
Joined: 4/27/2008
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Don't care how much you earn a year, it's quality of life that's important for me. So you set your priorities as you see them and go with it. Mine are family comes first and then my bike. I have sold two bikes to go on holiday as a family as time with my kids is precious and it's all two quickly gone. I saved for my current bike and bought it cash and I have no debts apart from my mortgage. If I needed to I'd sell the bike for the sake of my family in an instant - then start all over when I could.
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RE: Harley Owners Income Question. - 5/12/2008 2:54:39 AM
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kmm
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Its all geography where I live 80K has you in the poorhouse 80K isnt d*ck
Plus population has alot to do with it
Example my county has 1.5 million people
Average median income 85K
With 10K property taxes on 50x100 plots $400 a month electric bills
80K aint close to rich
A regular family needs a 150K income just to survive now times that by other suburbs of big cities thats where you get that figure
How many Harleys are owned amongst 1.5 million per capita
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RE: Harley Owners Income Question. - 5/12/2008 4:06:01 AM
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relli
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quote:
ORIGINAL: DLW_FLHTC
You will need $80K a year to pay for chrome and engine upgrades, but it helps the economy.
and gas.(ya forgot gas)
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07 FLHTC classic vivid black
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RE: Harley Owners Income Question. - 5/12/2008 6:50:36 AM
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ranger56528
Posts: 557
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From: Mn
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glad my 3 bikes are paid off and my house is paid off cause I be dirt poor,also life member of H.O.G......something aint right about the 80k thing a ma gigie.....Myself I have never made close to that.......
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01 FLHTC
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RE: Harley Owners Income Question. - 5/12/2008 7:56:49 AM
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Beercan321
Posts: 61
Joined: 3/25/2008
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quote:
ORIGINAL: swilsondds
I'm happy for you if you only deal in cash and don't finance anything. Good for you. But most of us put things on credit, make payments, and enjoy the things we purchased.
I think you misunderstood me. I definitely don't only deal in cash. I finance a lot of stuff. I have to. As the saying goes "you ain't American unless you’re in debt". What I meant was that a lot of people overextend themselves and finance too much stuff. They basically live paycheck to paycheck spending every dime they have just to make payments on the stuff they bought. Then when something happens that affects their income they end up losing their house or their bike because they can't afford to pay for it. I have a mortgage and other bills just like everyone else. I just make sure that I don't buy something that I can't afford. I keep a few months worth of living expenses in a bank account just to cover my bills in case I get laid off etc. A lot of people have no cash reserves and are way overextended with their credit. That's how they ultimately end up screwing themselves.
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RE: Harley Owners Income Question. - 5/12/2008 8:05:16 AM
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King FLH
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80 Large is just middle class anymore the way things are goin. Me and the ol lady have that covered by far, but after the federal, state, and local goverments get done bending us over, all the stress, frustration, and aggravation, don't seem worth it. I need my bike just to get some sanity back.
_____________________________
'07 Road King FLHR
'05 Softail FLSTN
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RE: Harley Owners Income Question. - 5/12/2008 10:11:25 AM
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relli
Posts: 1334
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quote:
ORIGINAL: King FLH
80 Large is just middle class anymore the way things are goin. Me and the ol lady have that covered by far, but after the federal, state, and local goverments get done bending us over, all the stress, frustration, and aggravation, don't seem worth it. I need my bike just to get some sanity back.
agreed. ill go as far as to say the bike ALLOWS me to keep the job by maintaing my sanity. after a rode..........its all good.
_____________________________
07 FLHTC classic vivid black
06 Kawasaki ltd500 ruby red
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RE: Harley Owners Income Question. - 5/12/2008 10:29:24 AM
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David III
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Joined: 5/8/2008
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I have two Harleys. Why am I not making $160K a year??? Something is very wrong!!
Actually, when I bought bike #2, I was living in a piece of garbage doublewide on a dirt road and also had a rusted out pickup as my winter vehicle. Not sure if I was getting to $30K a year then or not. I'll never see $80K a year.......... so, might as well go buy another bike.
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RE: Harley Owners Income Question. - 5/12/2008 10:47:48 AM
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Mr springer
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With the cost of living being what it is up here 80k is enuff to live in a tent with a shopping cart for transportation.
good thing We make substansially more than that , 110k+ and it is still hard to make ends meet. You cant buy a house here for under 500'000. And I would rather ride a honda than live in an apartment.
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If a man hasn't discovered something that he will die for, he isn't fit to live.
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RE: Harley Owners Income Question. - 5/12/2008 11:08:39 AM
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Teachu2
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Joined: 12/1/2006
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I agree that where you live affects your lifestyle. So does number of kids at home. Twelve years ago, my wife and I had three teenage boys, and we both worked full time as relatively new teachers. I bought a used Yamaha Virago 750 'cuz that's what I could afford ($450 out the door) and rode it until the family TV went out. Sold it and got a 32" TV from Costco.
Eight years later, all the kids are out of the nest. We've both earned Masters degrees and advanced on our salary schedule. We've built our dream house, bought two new cars, and are on our first vacation without kids since our honeymoon. Wife turns to me and says "Sure see a lot of people riding Harleys. That looks like fun." I agreed. THEN SHE SAYS " We ought to get a couple." (I love this woman!) Stopped at the next dealer we saw (Salem, OR) and got literature - VERY nice folks, even though they knew we would be buying back home in California. We got back in my truck, and I asked her if she really wanted to spend $30-40K on motorcycles - she replied "If we don't do it now, we never will!" (I LOVE this woman!)
We got home Thursday, shopped a little and got our permits Friday. Shopped a little more and bought two '04s from the local dealer the following Tuesday. That was four years ago in August. She's gone from the 04 XL1200C to a 04 FXDLI to a 07 Softail Deluxe. I've gone from a 04 Wide Glide to a 06 Road King to a 07 Road Glide. We ride together often, including lots of 300+ mile days. We'll ride over to the beach for lunch some Sundays. We've had two vacations in the saddle (4500 miles on the Dynas, 5400 on the current ones) and log 8-12K per year. Have I mentioned I LOVE THIS WOMAN?
$80K here in California would not support our lifestyle. After taxes, that would net ~$59,500, roughly $5,000 per month. House, property taxes and homeowners insurance would eat up half. Living in California at $4+ a gallon and $4 for a loaf of bread would eat up the rest. As much as we love our (paid for) Harleys, I seriously doubt we'd have spent 4 months take-home pay on ONE, much less have done it twice. We both teach summer school and night classes (once a week for her, 4-5 times a week for me). Our extra work pays for our Harley addictions.
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