Go Back  Harley Davidson Forums > General Harley Davidson Forums > General Harley Davidson Chat
Reload this Page >

Terrible purchasing experience, need advice, possible financial disaster!

General Harley Davidson Chat Forum to discuss general Harley Davidson issues, topics, and experiences.
Sponsored by:
Sponsored by:

Terrible purchasing experience, need advice, possible financial disaster!

Old 04-23-2019, 09:49 PM
Brett Leisy
Brett Leisy is offline
New Member
Thread Starter
Join Date: Apr 2019
Location: Mo. Valley Iowa
Posts: 78
Likes: 0
Received 7 Likes on 7 Posts
Default Terrible purchasing experience, need advice, possible financial disaster!

I was just window shopping and thinking about later down the road what Id like to get WHEN I could afford a fancier bike. having insomnia I was up at 2 am, by 7am I was going crazy, so I jumped on my VTX1800R for a ride, no destination yet, but find myself down the road from a harley dealer. sure, good way to blow time... same stock from a couple weeks ago, metric building was closed.. hmm now what.. well I learned of another harley dealership in town, didnt get much time to look last time, so headed over there. there was a 2017 that caught my eye when I first walked in, stared and drooled a little, dealer came over and started talking to me about the bike, then asked if I wanted to see if I could qualify for financing.

Me "no, I dont think I could get it into my price range"
Him "Well we are running a promotion, we are taking trade ins for NADA+10%"
Me "hmmm, I still dont think the payments would be far enough down, my bike is only worth somewhere around 3500, to bad you dont take multiples for trade ins" (I assumed because most dont)
Him "we sure do, what all do you have"

So... I listed my bikes, I knew the values of 2 of them cause watching the one I always ride, and have been trying to sell the other 2 but one is to old for it to show on NADA. so I am now thinking NADA value is AT LEAST 3500+3300+ he said it would at minimum pull 500 worst case scenario. so 7300+10% is 8030... hmm might be able to work something.....

he asked what kind of payments I could handle... I said preferably around 100, he pried a little about maximum I told him I MIGHT.... MIGHT be able to pull 150 but that would be stretching it. he said he would talk to the finance guy if that would even be possible. ok...

10-15 minutes later he comes back around, and he takes me looking at some bikes to see if there is one of the used ones that might be able to work off of guesstimates at this point, and what I might like... we find one, the after market air lift kit really was a big thing for me with being used to a lower bike and less stretch around the frame and motor.

taking a piece of paper and jotting down numbers from the top of my head as far as monthly income and monthly bills that must come out. figuring out what I can drop from my leisure money and even budgeted out my smoking habit (might be a good incentive to quit... ya know?). I cant seem to fit it. then we sit down... they are starting to tell me that they were gonna give me 2000 for all my bikes... I asked a few times about it but he kinda stepped around it... they asked about a co signer with a higher income to help drop interest rates a little. well my step father...

so I ride home and sit down and talk to my parents, they know I do everything I can to keep things proper, he helped me with a car loan 3 years ago and not so much as a hic-up with payments, so they agree and we go into town, I grab my paper work from my motorcycles just in case.

we get there and talk about the basic plan and idea, so we filled out the information for them to run our credit and see how things look. it comes back and they are saying 280... no... that just dont work. so on the edge of walking out, I ask once again. why are the values on the trade ins so low when you said "NADA +10%" well we will have to whole sale them to a company in another state, we are just covering out end.

a few minutes of stewing it over and trying to work something out of a small budget to get closer to their mark. they come back later with a new price. 250... I said MAY BE.... MAYBE 200... he said he could give a little on the trades and bring it to around 225... Im getting frustrated at this point... I said I didnt think it would even fly through the actual financing. but we could see... now.. I am on a fixed income, a whole whopping 771 dollars a month through SSI. I already have a car payment of 252, +insurance (that I mis-priced how much I was spending) +phone + possible new bike 225 at a higher value than my old one+ insurance for that.... Id be down to living off of 90 bucks a month. ok.. thats super tight... but maybe.. price goes up by 5 bucks for gap... ok living on 85 bucks, I dont wanna lose my shorts if something goes wrong..... sign papers but there is a issue with 2 of the titles, one I never got around to putting into my name, the other I couldnt find, was just bill of sale in the paper work for the vehicles... so no deal last night...

go home a bit defeated... but look for paperwork... find everything I will need. then sit back going through mail I pulled out when looking for the one title and see a child support letter. NOOOO I FORGOT TO FIGURE CHILD SUPPORT... before you freak out, its on auto pay so forget about it coming out cause I never see it. ok... that 85 bucks is now in the negatives.... ok I cant do this.....

I go down to the courthouse to fix the one title (I would have to anyways), then to the dealership. walk in and go to talk to the finance guy. I tell him whats going on and there is NO WAY that I can possibly pay for the bike. I will loose something. the other stuff is ESSENTIAL for me to pay and get by day to day. and his response???

"Paperwork is already sent in to the bank, no way to reverse it now, and buyers remorse clause dont cover motorcycles..."

no keep in mind I hadnt even test ridden the bike, thats one thing.. but neither traded keys or possession.... and this drives me nuts, now I HAVE to try to pay for something I cant afford?

so now I am the not so proud owner of a 901 lb financial noose.... PLEASE HELP!!! isnt there anything I CAN do? this cant be good business practice.
Old 04-23-2019, 09:55 PM
0maha's Avatar
0maha is online now
Ultimate HDF Member
Join Date: Nov 2012
Location: Omaha
Posts: 5,107
Received 1,886 Likes on 832 Posts

Don't blame the dealer. Blame the face in the mirror.

And maybe get a job.

(This one is going to be good...)

Last edited by 0maha; 04-23-2019 at 09:59 PM.
The following 37 users liked this post by 0maha:
1 2 many (04-24-2019), almostakeeper (04-26-2019), awilson40 (04-26-2019), Bama Lee XLC (04-25-2019), bigal51 (04-25-2019), Blackness03 (04-24-2019), Bobster109 (05-02-2019), Bone Doc (04-24-2019), Chucks1911 (04-25-2019), cookiemech (04-24-2019), crazytown (04-24-2019), deadhawg (04-24-2019), FattyMcJ (04-24-2019), fsae0607 (04-24-2019), glebo (04-26-2019), JU2012FXDWG (04-25-2019), luckystrikeed (05-08-2019), MikeBel (04-27-2019), MikeySom (04-27-2019), modular (04-24-2019), mrmarklin (04-25-2019), Mxdad (04-25-2019), nobodyknowsme (04-24-2019), Nomadmax (04-24-2019), OkieBill (04-25-2019), RET_SCPO (04-27-2019), Rocket67 (04-30-2019), sailmotion (04-24-2019), smitty901 (04-24-2019), stixvrad (04-25-2019), tar_snake (04-25-2019), TenMidgets (04-24-2019), Uncle Larry (04-24-2019), warprints (04-26-2019), Windseeker (04-26-2019), wyndnface (04-24-2019), WZ4I (04-24-2019)
Old 04-23-2019, 10:04 PM
rufasim's Avatar
rufasim is offline
Road Warrior
Join Date: Mar 2012
Location: boston
Posts: 1,284
Received 49 Likes on 39 Posts

If what you are saying is correct, and you now own the bike. Sell it. Pay off the loan and be bikeless till you can AFFORD one.
The following 4 users liked this post by rufasim:
1 2 many (04-24-2019), SoGA (04-24-2019), tar_snake (04-25-2019), Walter White (04-24-2019)
Old 04-23-2019, 10:06 PM
kngpn is offline
Ultimate HDF Member
Join Date: Aug 2014
Location: MA
Posts: 6,094
Received 1,214 Likes on 740 Posts

First mistake was getting sucked into buying based on monthly payment vs out the door. Well maybe not the first...
The following 6 users liked this post by kngpn:
Bluesrider.df (04-25-2019), luckystrikeed (05-08-2019), modular (04-24-2019), piper59 (04-24-2019), RET_SCPO (04-27-2019), wingman757 (04-24-2019)
Old 04-23-2019, 10:08 PM
NORTY FLATZ is offline
Extreme HDF Member
Join Date: Jan 2015
Posts: 10,145
Received 1,646 Likes on 1,299 Posts

Helluva first post!

Presume you already have your Roth fully funded, right?

Last edited by NORTY FLATZ; 04-23-2019 at 10:37 PM.
The following 6 users liked this post by NORTY FLATZ:
Bama Lee XLC (04-25-2019), FNGonaRK (04-24-2019), johnnynitro (04-29-2019), tar_snake (04-25-2019), Tony P (04-24-2019), wingman757 (04-24-2019)
Old 04-23-2019, 10:13 PM
kngpn is offline
Ultimate HDF Member
Join Date: Aug 2014
Location: MA
Posts: 6,094
Received 1,214 Likes on 740 Posts

What exactly did you sign? Getting approved for financing doesn’t mean squat.
The following 2 users liked this post by kngpn:
Bama Lee XLC (04-25-2019), tar_snake (04-25-2019)
Old 04-23-2019, 10:16 PM
skratch's Avatar
skratch is offline
Extreme HDF Member
Join Date: Jan 2007
Location: anacoco, la
Posts: 16,049
Received 985 Likes on 703 Posts

i didn't read anywhere where you actually signed a contract. did i miss that?
The following users liked this post:
tar_snake (04-25-2019)
Old 04-23-2019, 10:19 PM
ROCKOUT Rocker Products
ROCKOUT Rocker Products is offline
Join Date: Jul 2015
Location: SF Bay area
Posts: 7,538
Received 1,055 Likes on 869 Posts

Try to contact the bank, tell them that you lied on the application (left out the child support payment), and that the dealer knows it & is hiding it from them. Tell the bank there is no way you can make the payments.

That should put a stop to things.

__________________________________________________ ____
For ROCKOUT information & purchasing please click HERE For all Twin Cams and Evo Big Twins & Sportsters
NO, they DON'T all do that!
ROCKOUT rocker shaft inserts... make the tapping STOP! From the guy that FOUND and CURED the problem NO ONE ELSE COULD, thank you for your support!
Ordering & info http://www.rockout.biz On ebay! ... CLICK HERE
Also on amazon.com... CLICK HERE
Imitated, never equaled... ROCKOUTS!
The following 13 users liked this post by ROCKOUT Rocker Products:
Bluesrider.df (04-25-2019), Chucks1911 (04-25-2019), FLYH2O (04-26-2019), hdbob2006 (04-24-2019), Hey Man (04-24-2019), iamcmf99 (04-25-2019), johnnynitro (04-29-2019), Long lonesome highwayman (04-24-2019), MadMexican (04-24-2019), MikeBel (04-27-2019), tar_snake (04-25-2019), TenMidgets (04-24-2019), TwiZted Biker (04-23-2019)
Old 04-23-2019, 10:20 PM
Malazan is offline
One Of The Regulars
Join Date: Jul 2018
Location: Colorado
Posts: 289
Received 99 Likes on 62 Posts

LOL, oh man
The following users liked this post:
tar_snake (04-25-2019)
Old 04-23-2019, 10:26 PM
oldsoldier181 is offline
Join Date: May 2015
Location: MA
Posts: 3,016
Received 2,150 Likes on 934 Posts

Hold on a sec here.
You signed a purchase and sales agreement, and didnt know that that was what it was?
Sorry, I am calling BS on this one.



Sign anything until you 100% know EXACTLY what you are signing!!!

And, for the love of God...why would you put yourself in that much of a financial straightjacket for a luxury item?????

I mean, I have a bike payment, but its negligible. And, my next bike will be paid for in cash-because I dont want a bike payment.
With all my overhead, I can easily live on my leftover income. Which should be a goal. I am guessing you are young. This is how you end up with horrible credit-by getting into a deep financial hole you cannot possibly get out of.
Do yourself a favor. Stop cutting it so close with your finances.
The following 2 users liked this post by oldsoldier181:
cruisn (04-25-2019), tar_snake (04-25-2019)

Thread Tools
Search this Thread

Contact Us - About Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
  • Ask a Question
    Get answers from community experts
Question Title:
Your question will be posted in: