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Who actually applies for these ridiculous terms? Years ago my HD dealer told me that EMB has some of the highest loan rates, and to avoid them. My own dealer! The third example is the only pseudo-reasonable rate offered. What do the broke folks with crappy credit do? Wow.
Who actually applies for these ridiculous terms? Years ago my HD dealer told me that EMB has some of the highest loan rates, and to avoid them. My own dealer! The third example is the only pseudo-reasonable rate offered. What do the broke folks with crappy credit do? Wow.
those are the rates for most things at the moment except credit cards that are up near 25% or more and I have outstanding credit. I closed them. Never carried a balance but no rewards that match the increase so screw banks. I am doing my best to not spend even though I have means. Many brag about just buying anyway yet turn around and beef about the costs. So long as folks pay, cash or credit/loans, the rates and prices stay high. Its not rocket surgery but too many are ignorant of basic economics/capitalism as practiced here.
Check around, the rates for new bikes averages 6% and I expect Harley is pouring money into HDFS to stem losses and buy down rates for new bikes; just look at the set asides in Q3.
My own CU will do 5.74 for 60 and will not go past 72 months. Harley, both new and used, have priced themselves out of the market for a large number of would be buyers. Originally the CEO try to sell the industry on the idea that used Harley bikes would be the entry cost models but we have seen prices of three and four year old bikes held high by dealers looking to extract every penny they can and the reason they can do that is Harley has no material improvements to the tour models and none to Softail since their introduction; engine bumps don't count - those were always there from day one.
Check around, the rates for new bikes averages 6% and I expect Harley is pouring money into HDFS to stem losses and buy down rates for new bikes; just look at the set asides in Q3.
My own CU will do 5.74 for 60 and will not go past 72 months. Harley, both new and used, have priced themselves out of the market for a large number of would be buyers. Originally the CEO try to sell the industry on the idea that used Harley bikes would be the entry cost models but we have seen prices of three and four year old bikes held high by dealers looking to extract every penny they can and the reason they can do that is Harley has no material improvements to the tour models and none to Softail since their introduction; engine bumps don't count - those were always there from day one.
My CU has similar rates as yours, but will go to 84 months. 84 months is still ridiculous.
That one offer is for up to 96 months...wow...are they buying a bike or a house? Lol. It would be interesting to know how many people that get the highest rate at the longest term actually fully pay the loan off. It's gotta be an incredibly low number.
That one offer is for up to 96 months...wow...are they buying a bike or a house? Lol. It would be interesting to know how many people that get the highest rate at the longest term actually fully pay the loan off. It's gotta be an incredibly low number.
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.
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Slideshow: The bar-and-shield logo shows up on far more than motorcycles, some of the company's most unexpected products have nothing to do with riding.
Slideshow: From the troubled AMF years to modern misfires, these bikes earned reputations for reliability issues, questionable engineering, or disappointing performance.
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Slideshow: The Swiss custom shop has taken a Harley Softail and stretched it into something so long and low that it looks closer to a rolling sculpture than a conventional motorcycle.
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Slideshow: A standard cruiser becomes an intricate metal canvas in the hands of a Swiss custom house known for pushing Harley-Davidson platforms far beyond their factory brief.
Slideshow: Harley-Davidson's challenges aren't abstract; they show up in dropping shipments, shrinking dealer traffic, and strategic decisions that aren't yet translating into growth.
Harley Financing (Eagle Mark) Rates
