Financing question on new bike/story time
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Banned
Joined: Mar 2020
Posts: 80
Likes: 31
From: MA
Financing question on new bike/story time
So want to pick up the new LRS. Talking to a guy on the phone tomorrow about it. Said he will give me a quote. Now do I tell them I am financing but I want to talk about the otd price? Also can I say I plan to finance but still looking at my options of either financing with hd or through my bank?
First time buying a new bike so want to make sure I can get the best prices.
Now my credit score is average nothing bad on it but I just don't have a enough usage. Did a bunch of things recently to help my score so should I hold off them running my credit. Can I just ask a quote for someone with an average credit score?
Side story I went to a dealership in Nh the other day. Gave me the price of the bike at 21300 which I thought was crazy. Said due to the manufacturer being closed they aren't making bikes and they are a hot commodity. Guy said he sold 20 bikes in one day the day prior. Couldn't believe it and not sure if I do
Any advice would be great guys thanks in advance .
Giving him a call tomorrow to hear his quote so any tips so I don't would like an idiot would be awesome.
First time buying a new bike so want to make sure I can get the best prices.
Now my credit score is average nothing bad on it but I just don't have a enough usage. Did a bunch of things recently to help my score so should I hold off them running my credit. Can I just ask a quote for someone with an average credit score?
Side story I went to a dealership in Nh the other day. Gave me the price of the bike at 21300 which I thought was crazy. Said due to the manufacturer being closed they aren't making bikes and they are a hot commodity. Guy said he sold 20 bikes in one day the day prior. Couldn't believe it and not sure if I do
Any advice would be great guys thanks in advance .
Giving him a call tomorrow to hear his quote so any tips so I don't would like an idiot would be awesome.
Banned
Joined: Feb 2020
Posts: 435
Likes: 320
From: North Carolina
Negotiate the OTD. The finance office is a profit center and that's where they put the screws to you. I dont like financing a recreational vehicle but I'm in the minority here.Better to get pre approved from a credit union.Oh do buy GAP insurance if it's offered in your state when you finance. Do Not get ESP. Those policies usually run concurrent with the factory two year warranty. Wait till the two years is almost up Good Luck!
Road Warrior
Joined: Jul 2012
Posts: 1,541
Likes: 412
From: Studio City, CA via Rochester, NY
Negotiate the OTD. The finance office is a profit center and that's where they put the screws to you. I dont like financing a recreational vehicle but I'm in the minority here.Better to get pre approved from a credit union.Oh do buy GAP insurance if it's offered in your state when you finance. Do Not get ESP. Those policies usually run concurrent with the factory two year warranty. Wait till the two years is almost up Good Luck!
Seasoned HDF Member
Joined: May 2012
Posts: 32,934
Likes: 36,028
From: Carlsbad, CA
If you can get financing at a lower interest rate than you get investment return, it makes sense to finance.
its BS that the dealer sold 20 bikes in one day. They wouldn’t even have the support people to process the paper work. But, it’s a toy, so decide what you are willing to pay OTD, then stick to that. But, song let a couple 100 or even a 1,000 ruin the fun for you. Never pay over MSRP, unless itvitva very high demand bike in limited supply. Don’t pay dealer markup...and try not to pay dealer prep.
its BS that the dealer sold 20 bikes in one day. They wouldn’t even have the support people to process the paper work. But, it’s a toy, so decide what you are willing to pay OTD, then stick to that. But, song let a couple 100 or even a 1,000 ruin the fun for you. Never pay over MSRP, unless itvitva very high demand bike in limited supply. Don’t pay dealer markup...and try not to pay dealer prep.
Thread Starter
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Banned
Joined: Mar 2020
Posts: 80
Likes: 31
From: MA
If you can get financing at a lower interest rate than you get investment return, it makes sense to finance.
its BS that the dealer sold 20 bikes in one day. They wouldnt even have the support people to process the paper work. But, its a toy, so decide what you are willing to pay OTD, then stick to that. But, song let a couple 100 or even a 1,000 ruin the fun for you. Never pay over MSRP, unless itvitva very high demand bike in limited supply. Dont pay dealer markup...and try not to pay dealer prep.
its BS that the dealer sold 20 bikes in one day. They wouldnt even have the support people to process the paper work. But, its a toy, so decide what you are willing to pay OTD, then stick to that. But, song let a couple 100 or even a 1,000 ruin the fun for you. Never pay over MSRP, unless itvitva very high demand bike in limited supply. Dont pay dealer markup...and try not to pay dealer prep.
Don't know anything about all these extra fees they charge you. Got my last bike in cash bought it used from my buddy
Seasoned HDF Member
Joined: May 2012
Posts: 32,934
Likes: 36,028
From: Carlsbad, CA
If you paid $17,999. Expect the following additional charges:
$425 destination...sometimes this is negotiable
$0 dealer prep. Just tell them you won’t pay this...they get reimbursed for this from HD
$ 0 dealer add on accessories. If they put on things you don’t want, and charge labor to do it...tell them to take it off. If it’s something you really want and would have gotten, just don’t pay retail for the part or labor
$ 100 or so documentation fee
$ whatever your state charges fir registration
$ whatever your sales tax is..
good luck..
$425 destination...sometimes this is negotiable
$0 dealer prep. Just tell them you won’t pay this...they get reimbursed for this from HD
$ 0 dealer add on accessories. If they put on things you don’t want, and charge labor to do it...tell them to take it off. If it’s something you really want and would have gotten, just don’t pay retail for the part or labor
$ 100 or so documentation fee
$ whatever your state charges fir registration
$ whatever your sales tax is..
good luck..
Seasoned HDF Member
Joined: Apr 2014
Posts: 5,460
Likes: 2,509
From: Lititz Pa
You want the dealer to think your doing everything with him, HD financing everything. You want an out the door price everything Tax, set up everything. You know about what you want to spend so check with your bank and or credit union, maybe even pre approval. So interest rate very importin even if you are paying cash. So now you have your OTD cost with HD financing you can compare what's best for you. Do this even if you are paying cash.
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Banned
Joined: Mar 2020
Posts: 80
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From: MA
You want the dealer to think your doing everything with him, HD financing everything. You want an out the door price everything Tax, set up everything. You know about what you want to spend so check with your bank and or credit union, maybe even pre approval. So interest rate very importin even if you are paying cash. So now you have your OTD cost with HD financing you can compare what's best for you. Do this even if you are paying cash.
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Thread Starter
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Banned
Joined: Mar 2020
Posts: 80
Likes: 31
From: MA
That's what I was hoping for. Some guys are saying if you get anything under 20k that's a good deal. 1800 otd sounds pretty good to me though