Anybody use HD financing?
Thread Starter
|
Intermediate
Joined: Jul 2008
Posts: 25
Likes: 1
Anybody use HD financing?
Good experience? Bad experience?
 \\;
I have been considering using the money I have saved to pay of my wife's car instead of putting money down on a bike. If our finances turn south, it would be better to own her car and sell the bike instead of the opposite. This would put my in the position of financing the whole purchase price of the bike and I am wondering what type of experience it is when you finance through Harley Davidson vs. a bank.
 \\;
Thanks in advance.
 \\;
BTW, new here. New to Harleys. Recent convert from the rice burner religion.
 \\;
I have been considering using the money I have saved to pay of my wife's car instead of putting money down on a bike. If our finances turn south, it would be better to own her car and sell the bike instead of the opposite. This would put my in the position of financing the whole purchase price of the bike and I am wondering what type of experience it is when you finance through Harley Davidson vs. a bank.
 \\;
Thanks in advance.
 \\;
BTW, new here. New to Harleys. Recent convert from the rice burner religion.
Cruiser
Joined: Apr 2008
Posts: 126
Likes: 0
From: Alpharetta GA
RE: Anybody use HD financing?
I used them this year on my bike, I thought the rate was high for a used bike but had nothing to compare it to. (10%) My credit is outstanding. The billing tstaement is weak as it only show amount due no brakdown on prinicple and interest or oustanding amount
Road Warrior
Joined: Dec 2006
Posts: 1,492
Likes: 1
From: MA
RE: Anybody use HD financing?
well - it's associated with HD - so they want to get every dollar they can from you.
most creditors welcome electronic payments rather than employing someone to open envelopes - not HD credit - charge $6 each time if you want to epay.
most creditors welcome electronic payments rather than employing someone to open envelopes - not HD credit - charge $6 each time if you want to epay.
Advanced
Joined: Jun 2008
Posts: 51
Likes: 0
RE: Anybody use HD financing?
Its not that bad really..I got 8% with $2500 down...
 \\;
I set mine up for biweekly automatic payments.... \\;
 \\;
No $6 charge on that.....and you'll save money in the long run because of two extra payments per year alone, but i put a bit more than half of my monthly payment on for each two weeks.
 \\;
**NOTE** If you do it that way, you need to calculate it out so that two payments are recieved before the due date.... \\; WHat i did was bite the bullet and pay the $6 bucks for the first full payment, and then went in and sent \\;up the biweekly right afterwards... that way i knew it would be kosher. \\;
 \\;
 \\;
I set mine up for biweekly automatic payments.... \\;
 \\;
No $6 charge on that.....and you'll save money in the long run because of two extra payments per year alone, but i put a bit more than half of my monthly payment on for each two weeks.
 \\;
**NOTE** If you do it that way, you need to calculate it out so that two payments are recieved before the due date.... \\; WHat i did was bite the bullet and pay the $6 bucks for the first full payment, and then went in and sent \\;up the biweekly right afterwards... that way i knew it would be kosher. \\;
 \\;
Trending Topics
Cruiser
Joined: Jul 2007
Posts: 154
Likes: 0
From: Central PA & DC Metro
RE: Anybody use HD financing?
Too, be careful about the \\;way HD's interest compounds. \\; Some (many) loans have monthly compounding interest, HD Credit informed me recently that their interest compounds daily! \\; Makes for a much higher interest sum in the long run.
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Verdad Gallardo
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
10 Motorcycles You Should Never Buy
Joe Kucinski
10 Things Harley-Davidson Needs to Fix in 2026
Verdad Gallardo
Stage III
Joined: Jul 2008
Posts: 3
Likes: 0
From:
RE: Anybody use HD financing?
I used HD financing on a used bike. \\; I put $7000.00 down on the bike and got an 8.6% financing. \\; Have been paying on it for months with no problems or weird compounding interest stuff. \\; What I really liked is that I got my approval within 5 minutes... which made it real nice on getting my deal closed and getting me on my bike sooner than later. \\; Good Luck!
