Nothing like a monthly reminder of how you got nailed in the rear w/no lube...

I wonder if having everything on the same note (as you mentioned dan) would be cheaper in the long run (depending on the interest rate). Having that much of a tax deduction might help alleviate it, along with a possible lower interest rate, but I don't know if that would counter the longer loan (for the bike, car, etc.)

 

Ten years would be through some financial outfit other than Harley...............and I can tell you that there isn't anyone getting 7.99% for ten years.

 

Ironic that on this site there are soooo many that say they can do without this or that before selling the harley. So there's probably those that will do whatever they must to own a harley....even ridiculous financing. A smartperson would take a year, do everything right and get his/her credit rating up so it's not necessary.

 

A couple of years ago many people were refinancing their houses and paying cash for new Harleys. Now, the re-fi bubble has burst and it's back to business as usual. You've got to be more creative now, or wait for the right moment. It's probablyat least part of the reason that sales are down andthere are so many bikes on the floor at a lot of the dealers right now. With the '08s due in a couple of months, there are going to be lots of leftover '07s.

 

I've heard of 120 month financing on RV's, vettes and the like but a H~D? Does it include the first top end job?

 

Ouch!! Damned glad I'm not his co-signer... lol

 

they probably crunched a bunch of data and realized that most riders nly do 500-1k a year, so 10yrs isn't as risky mechanical-wise for Harley...

Not really a bad risk for Harley, but theperson buyngis getting ****-probed[&:]

 

I don't know. If someone has to finance for 10 years they probably don't have money to pay for maintenance. They might drop it and not bother to get it fixed. If you have 10 year financing you will upside down for quite a while.

 

I can't imagine the shop wanting to extend credit like that, sooner or later they would get paid in full from someone else.

 

My worst financial mistake was buying a boat on a 10 yr. note. I did pay it off early. I will never do that again!!!! IMHO the extention of credit notes to 10 yrs on vehicles and I have heard of interest only notes, and 50 yr. notes on houses. You have people who are "qualifying"(sic) for loans they have no earthly business getting. Then these same people get into jams and wonder why!!![sm=wtf.gif]