Financing
Thread Starter
|
3rd Gear
Joined: Feb 2015
Posts: 7
Likes: 0
From: RI
Financing
Hi all, I just have a question for anyone who went threw HD financing. How long is your credit application good for once you are approved. 15 days or 30 days before you have to fill out another application to get approved again.
Thanks
Thanks
Tourer
Joined: Jun 2014
Posts: 311
Likes: 3
From: OHIO
I went through HD financing. I had no credit well a little bit of bad credit from student loans. Lol so it would of been tough for me to get a traditional bank loan. I ended up going through HD and got approved right away. My interest rate is through the roof but it will give me an opportunity to build some credit. I let them electronically withdraw from my checking account. They make you pay a fee everytime UNLESS you mail a check, or do monthly Epayment..
I wish my interest rate wasn't so high but that's the price I have to pay I guess. They are decent at customer support. But I don't have to talk with them much because I have my payments come out the same day I get direct deposit from my pay check. I don't even notice it coming out so that makes it easy so I don't forget. I would recommend going through a bank or credit union if you can, if not then I guess they're not that bad (besides the crazy interest rate) lol
But that might not be the case for you. I'm sure everyone's case is somewhat different.
Goodluck
I wish my interest rate wasn't so high but that's the price I have to pay I guess. They are decent at customer support. But I don't have to talk with them much because I have my payments come out the same day I get direct deposit from my pay check. I don't even notice it coming out so that makes it easy so I don't forget. I would recommend going through a bank or credit union if you can, if not then I guess they're not that bad (besides the crazy interest rate) lol
But that might not be the case for you. I'm sure everyone's case is somewhat different.
Goodluck
Last edited by moosehunter22; Feb 24, 2015 at 09:14 AM.
Tourer
Joined: Dec 2014
Posts: 284
Likes: 15
From: Palm Harbor, Florida
Most Banks & HD (Eaglestream Bank) Harley's lender, I believe are good for 30 days, then you need to re-apply. Be advised that every time you re-apply you're credit score get's "pinged" too. Not very much but it does happen.
Road Master
Joined: Feb 2011
Posts: 916
Likes: 12
From: NoVA
I'm an old geezer, from the old school way of motorcycling. So, since I haven't pissed anyone off yet this winter I will now. PAY CASH. There's not a damn thing wrong with a used bike. Learn how to fix it yourself. If you can't pay cash how can you afford to buy all that chrome and leather **** you plan on putting on the bike?
The real economy sucks. Your job may be gone tomorrow. Tying up 10, 15, $20,000 worth of high interest loan to build credit is fooling yourself.
When you can, you take out a loan for a house. Making those payments to keep that house is sacred. You do nothing to endanger the home. A new motorcycle is way down the list of needs.
The way you build up poor credit is to have a credit card and use it to buy little things. Then pay it off at the end of every month. Soon offer's of more cards will come in the mail. Take out a couple, use them for more little ****, then pay it off at the end of the month. Next thing you know you can get a mortgage.
That's it, end of rant.
The real economy sucks. Your job may be gone tomorrow. Tying up 10, 15, $20,000 worth of high interest loan to build credit is fooling yourself.
When you can, you take out a loan for a house. Making those payments to keep that house is sacred. You do nothing to endanger the home. A new motorcycle is way down the list of needs.
The way you build up poor credit is to have a credit card and use it to buy little things. Then pay it off at the end of every month. Soon offer's of more cards will come in the mail. Take out a couple, use them for more little ****, then pay it off at the end of the month. Next thing you know you can get a mortgage.
That's it, end of rant.
Tourer
Joined: Apr 2014
Posts: 420
Likes: 2
From: Bradenton,Florida
I am curious why you would fill out a credit app if you were not buying? You can find your credit score thru multiple sites and it's true that every time you apply for credit (whether you use it or not) you will be dinged on your score.
Club Member
Joined: Jun 2013
Posts: 6,386
Likes: 900
From: Columbus, Ohio
That's not what he asked, so it doesn't matter. LOL!
Club Member
Joined: Jun 2013
Posts: 6,386
Likes: 900
From: Columbus, Ohio
And, the answer is 30 days.
Trending Topics
Elite HDF Member
Joined: Mar 2014
Posts: 4,214
Likes: 661
From: Prior Lake, MN
Ask the lender. I've always applied for loans at the time of purchase, and never worried about the time limit on approved small loans. May vary based on if you are buying used vs new, or whatever else. Simple to ask.
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
