Hey there... I'm planning on financing my first Harley in January. At that point, I'll be finishing a previous loan. I normally don't like to have two loans at once, but from talking to a local dealer, I found that Harley is offering 3.99 with no money down and differed payment for 3 months.

Would it be worth it to go for the financing now, and finish the other loan? Is this type of deal available often? I asked for specifics to the terms of the contract, but got the typical 'it's dependent on the specific loan' crap.

I know that many will chime in on not advice of not financing a toy... That decision has been made, however. Although that advice is appreciated and understood, I would really like to know if I should act on this deal now.

Thank you all!

 

Did you read and understand the whole contract including the fine print?

 

A loan is a loan. Save up and pay cash.

 

If it was 0% financing, it might be worth considering, and that would even be questionable.

What you describe isn't that great or rare.

 

3.99 is pretty good for a toy loan . I say go for it if it's what you want....and YOU feel good about not the rest of us.

 

Just my personal choice...I saved and payed cash for a gently used H-D. I'm not a fan of payments, and if times get tough, and cash flow diminishes like it did in 2009, I won't have to worry about a "take back" man coming to see me.

Tim

 

3.99 isn't great, anything above 1.99 I wouldn't pay.

 

I agree. If you have good credit you can do much better. Shop around, particularly at credit unions.

 

The interest rate offered, as I am sure you know, is VERY dependent upon your credit rating. If that interest is in line with other major loans you have received (boat/car/truck), and you're comfortable with it, jump. I use my bike as my primary means of transportation, and couldn't hold off for 4 years to pay cash, I needed it RFN. I ended up with a 2.99%/0 down that jumped on. Other obligations have left me bike poor for a few months, but that is passing. If you can swing it, go. You get exactly ONE shot at this life, make it a happy one.

 

If you look at the monthly rate between .99, 1.99, 2.99 etc - its not that big of a deal.. If you can afford it, do it... Only you know what you can and cant afford... FTR - I have 0.99 from HD opened June of 2015... Its the standard ratio of Asses vs Seats..