Harley Davidson taking more risks with loans which has resulted in them holding onto twenty million dollars in repossessed motorcycles. Pretty sure I am near one of those dealers that preys on this type of customer, all their used bikes are ten to twenty percent higher than other local dealers.

 

The bikes are expensive, and so are HD's loans. Their interest rates are ridiculous.

 

According to the article, 40% of Harley's operating revenue comes from their financing arm.

If everyone only bought Harleys in cash, as this forum argues, Harley would be hurting.

 

The 45 year old guys living off of SSI in their parents' basement have it hard enough. At least they have access to easy money for bike loans.

 

So true, I bought my bike brand new with good credit. Harley financing wanted to give me 10% interest. I said "No way!" I went through my credit union and got 6%. Not great, but way better than 10.

 

That’s what happens when you sell all those old guys in Florida that are 70 yr old a bike . They die and the wife stops making the payments . 1 and 2 year old bike repo’s . But the old guy die HAPPY !

 

I stopped by my local Harley dealer over the weekend. They were having a BBQ and had pushed out almost every used bike onto the parking lot.

Right now, they have the most used bikes in their inventory since the economy tanked back in 07.

A couple of bikes I liked enough to take a picture

 

Credit? My wife charges me 22%. Maybe I need to look else where.

 

All you need to do is read some of the threads on this forum to realize you don't have to be Mensa member to buy a Harley.

Yeah, I'm looking right at you Mr. Beads.

 

so not true (well, the part about the bikes being expensive is). if you are a good credit risk, you'll get a decent rate. my cvo was at 1.99%, my 2019 is at 4%, a full 2 points lower than what my credit union would offer.


holy crap! they sure are proud of their used bikes though aren't they?