Good article about the financials of how financing a Harley Davidson motorcycle affects the whole industry and the rider who may want to sell or trade a bike in on something new...


https://www.fool.com/investing/2019/...-davidson.aspx

 

The second average Americans can think for themselves when it comes to Harley purchasing is the same second Harley gets its last nail in the coffin. Bikes are entirely emotional purchases. Logic always plays second fiddle to emotion when it comes to motorcycling purchases. The younger generations are just losing the emotional attachment to motorcycles, that's all.

 

I know not everyone deals in cash,and everyone's financial situation is different, but the thought that someone would finance a TOY for 6 years in mind-blowing to me.

I "get" 30 year mortgages, I "understand" 5 year auto loans... but 6 and 7 year loans on a bike ????

 

Oh, also, what they're doing should be criminal. It's just like the 08 sub-prime mortgage crisis. TONS of people who have no business financing a $30K Harley for as many months as possible, what the hell do they expect? At least back then the mortgage backed securities had a history of people making their mortgage payments. Making a motorcycle payment, how important is that when it comes down to supporting a family?

 

So many great used bikes that are available for a fraction of the price...of new. I just bought a 1997 Road King that is showroom condition with 4000 miles for what would be equal to a down payment on a new bike...CRAZY! CHECK IT OUT.....

I’m not against anything new or people who want the latest technology and style. However, there are so many great bikes that have been well-cared for that are worth consideration. Don’t let the dealerships pressure or manipulate you into making a long-term financial commitment on a $30-45,000 motorcycle that is meant to be enjoyable for the rider...

 

Wow. That may be the finest and most accurate portrayal of a group of Harley riders I've ever seen.

NOT.

 

Everything started going down hill when it came out that the fonze didn’t actually know how to ride a motorcycle.

 

Harley Davidson is the only brand of motorcycle that I can understand financing for an extended period, but not a CVO. I say that because Harley Davidson is the only brand of road bike that I can understand owning for an extended period of time, like ten years.

 

Harleys cost more than some cars and CVOs 40k

for a sportster sure you can pay that off in a couple years

 

Where were you when Mr. Beads needed you?