Harley Financing (Eagle Mark) Rates
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Seasoned HDF Member
Joined: Aug 2017
Posts: 7,323
Likes: 11,761
From: Omaha,NE
since 2002, i've purchased 9 harleys. financed all of them. probably got snookered the first time around due to not really knowing what i was doing, but even then, my rate wasn't too bad. i think it was somewhere between 4 and 5%. after that, i was able to do my homework beforehand and i always went in with a preapproved loan from my credit union. but, i always let them run the numbers through eaglemark. in most cases, eaglemark was able to beat my preapproved rate so i went with them instead. 7 or 8 years on a bike loan is insane. i remember a time when you couldn't even get a car loan for 48 months. i've always gone 5 years on eaglemark to keep the payment low (ish), but paid more to pay them off early.
Club Member
Joined: Apr 2016
Posts: 11,584
Likes: 8,408
From: Inland NW
The good ol' days! I got 2.99% for 48 on mine back in '19
Club Member
Joined: Apr 2016
Posts: 11,584
Likes: 8,408
From: Inland NW
Totally. I think back to the early 90s when I had friends buying cars off a used lot for those rates...it never ended well
Grand HDF Member
Joined: Aug 2013
Posts: 3,673
Likes: 5,069
From: Georgia
I was going to say, you start approaching 540 and the numbers just get ugly so fast. However banks are much more strict on loans these days that the down payment requirements even if they would write the loan are probably too high for these buyers
Stellar HDF Member
Joined: Mar 2011
Posts: 3,482
Likes: 631
From: NorCal Rocklin
5.59 isn't bad especially this current economic climate. I scored 1.99 for 60 months in 2015 when I bought my Road King. I still have God Tier Credit because I'm responsible and would qualify in a heartbeat. Nothing wrong with these rates if you are willing to commit to pay. Eaglemark actually has competitive rates compared to other banks. My banks couldn't touch 1.99 in 2015. Some may say their banks will beat them, but I have never found a local bank that would match that.
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Stellar HDF Member
Joined: Mar 2008
Posts: 2,328
Likes: 2,205
The 6% for 5 years has to be competitive at today's interest rates. The risk free rate is about 4.6-4.8% right now. The 12% isn't, but I'm sure the default rates on 6 and 7+ year loans are ridiculous.
Harley-Davidson's stock is also struggling. How can they be struggling at the kind of profit margins there are on these bikes? What do we really think it costs to produce a motorcycle? Ford sold one of my friends a whole pickup truck for $25k just a few years ago. How can H-D not make a killing selling you a motorcycle for $30k? I wouldn't rather have a new Kia than a new Softail, but there has to be something wrong when those are so close in price.
Harley-Davidson's stock is also struggling. How can they be struggling at the kind of profit margins there are on these bikes? What do we really think it costs to produce a motorcycle? Ford sold one of my friends a whole pickup truck for $25k just a few years ago. How can H-D not make a killing selling you a motorcycle for $30k? I wouldn't rather have a new Kia than a new Softail, but there has to be something wrong when those are so close in price.