Harley Financing (Eagle Mark) Rates

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Jan 30, 2023 | 09:18 AM

#61

malfvnction

Cruiser

Joined: Jan 2019

Posts: 177

Likes: 149

From: Las Vegas

Quote:

Originally Posted by strych9

You are correct. However, that 11.89% rate is based on high credit tier customers, not average. That's nuts.

You are paying for the 96 months to get a lower monthly payment. I guarantee that 5.59 they offer is for loans of 48 months or less.

Too many people fall into the trap of trying to fit into a monthly payment vs. just buying what they can really afford.

Jan 30, 2023 | 10:33 AM

#62

ChrisHo

Grand HDF Member

Joined: Aug 2013

Posts: 3,673

Likes: 5,069

From: Georgia

Quote:

Originally Posted by malfvnction

Assuming a Street Glide (without freight, taxes, surcharge) is $21,999 60 @ 5.59% is $421.12 84 @ 10.89% is $375.41

However while you "save" almost $50 a month what you pay in total is 31534.44 across those 84 months compared to 25267.20 if you did it in 60.

Jan 30, 2023 | 11:18 AM

#63

strych9

Thread Starter

Seasoned HDF Member

Joined: Aug 2017

Posts: 7,323

Likes: 11,762

From: Omaha,NE

Quote:

Originally Posted by malfvnction

You are paying for the 96 months to get a lower monthly payment. I guarantee that 5.59 they offer is for loans of 48 months or less.

Too many people fall into the trap of trying to fit into a monthly payment vs. just buying what they can really afford.

The banks are counting on that.

Feb 2, 2023 | 10:56 AM

#64

Walter White

Banned

Joined: Jun 2013

Posts: 23,816

Likes: 57,355

From: Tampa, FL

I am holding out for 30 year fixed rate mortgages on Harley Davidson motorcycles so I can afford a CVO.

Feb 2, 2023 | 10:57 AM

#65

gonemad

Seasoned HDF Member

Joined: Sep 2020

Posts: 8,157

Likes: 9,567

From: central NC

Quote:

Originally Posted by Walter White

I am holding out for 30 year fixed rate mortgages on Harley Davidson motorcycles so I can afford a CVO.

I think you can finance vehicles for ten years or more now.

GIT YOU SOME!!!

Feb 2, 2023 | 10:59 AM

#66

GreenMonster

Road Master

Joined: Feb 2019

Posts: 1,100

Likes: 672

From: Orange County

Quote:

Originally Posted by Walter White

I am holding out for 30 year fixed rate mortgages on Harley Davidson motorcycles so I can afford a CVO.

Someone was telling me you can finance Rvs for like 20 years. thats crazy

Feb 2, 2023 | 11:10 AM

#67

ChrisHo

Grand HDF Member

Joined: Aug 2013

Posts: 3,673

Likes: 5,069

From: Georgia

Quote:

Originally Posted by GreenMonster

Someone was telling me you can finance Rvs for like 20 years. thats crazy

more than a few dealers recommend people use a 2nd mortgage to finance a RV so that they can write off the interest payment

Feb 2, 2023 | 04:04 PM

#68

gonemad

Seasoned HDF Member

Joined: Sep 2020

Posts: 8,157

Likes: 9,567

From: central NC

Quote:

Originally Posted by GreenMonster

Someone was telling me you can finance Rvs for like 20 years. thats crazy

I was standing in the local HD dealership this afternoon, yakking with some forty something year old guy while looking at bikes,
who just financed a Winnebego for twenty years.