How much to expect to pay for a 2014SB
Stellar HDF Member
Joined: May 2013
Posts: 3,145
Likes: 2,958
From: New York
A bit more...
Debt to Income ratio is important as it tells a lender how much of your monthly income is going toward loan payments. Twenty percent is great but most banks look for less than 30% all in. That would be mortgage, auto loans, student loans and credit cards.
A word about credit cards: You don't want too many as the lender will assume you will charge them all to the maximum. This will kill your debt to income ratio. Also, if you don't pay credit cards off very month that is a negative. Best to carry one or two credit cards in total. Simple interest Basically means you take the loan amount and multiply it by interest rate times the number of months. Prepayment payment shouldn't even be mentioned.
A word about credit cards: You don't want too many as the lender will assume you will charge them all to the maximum. This will kill your debt to income ratio. Also, if you don't pay credit cards off very month that is a negative. Best to carry one or two credit cards in total. Simple interest Basically means you take the loan amount and multiply it by interest rate times the number of months. Prepayment payment shouldn't even be mentioned.
Road Master
Joined: May 2009
Posts: 1,106
Likes: 4
From: Saginaw, MI
~vs~
1600 down, plus 298 x 84 = 26,632.
You save 7312 on the Texas deal.
Now, pay the 298 per month on your 230 per month Texas loan, and you can pay the loan off in 64 months, almost 2 yrs. less in payments.
Just a thought!
Outstanding HDF Member
Joined: Nov 2010
Posts: 2,250
Likes: 36
From: Montana
2011 was a great year for the street bob. just make sure you take the license plate off the rear fender and get a side mount license plate holder so your fender does not crack. otherwise my 2011 SB has been stellar. You get the 96ci instead of a 103 but with a good set of pipes and air cleaner it moves pretty good. I just put a mild cam in mine and it made a big difference .
Seasoned HDF Member
Joined: Sep 2012
Posts: 6,570
Likes: 590
From: almost there
Dealers make at least $3000 profit on a bike. If they want 13K, you don't have but 12K out the door.. See YA... If your not willing to walk out the door, then your screwing your self. Thank me later.
Tourer
Joined: Apr 2012
Posts: 262
Likes: 0
From: Goodyear, Az
It's been said many times here, but shop around for Credit Unions. I joined a different CU when I bought my 'bob because the interest rate was less than half of what my current CU was charging. (I currently am a member of three CU's, it doesn't cost a thing.)
And Down Payments with a good credit rating are a thing of the past... No one has asked me to put down money, on the last several vehicles we've bought. (Even used... as they will usually finance up to 125% of retail price.)
The only exception was Harley's finance company. I'm convinced the only reason they demand cash down, is because they exceed that customary 125% with all the bullshit they tack on!
And Down Payments with a good credit rating are a thing of the past... No one has asked me to put down money, on the last several vehicles we've bought. (Even used... as they will usually finance up to 125% of retail price.)
The only exception was Harley's finance company. I'm convinced the only reason they demand cash down, is because they exceed that customary 125% with all the bullshit they tack on!
Advanced
Joined: Mar 2007
Posts: 86
Likes: 13
From: Villa Ridge, Missouri
Wow. I purchased a 2014 Street Bob in gloss black on Friday for $12,543.
Of course, I still have to pay sales tax and license plate.
Were some of these prices that I'm reading here for the bike, plus the taxes and tag included? They just seemed high.
Of course, I still have to pay sales tax and license plate.
Were some of these prices that I'm reading here for the bike, plus the taxes and tag included? They just seemed high.
Cruiser
Joined: May 2012
Posts: 203
Likes: 7
From: Arizona
Sounds like they are probably giving you the rate you have earned with your credit history....Consider that a motorcycle is considered a luxury item and you don't NEED it and the bank is taking a risk on you by loaning you the money. Don't expect a great intrest rate.
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