I need a question answered.I am trying to determine if I should buy my bike now, or wait a few months. My friend said that often times, Harley Davidson does a special 4.9 percent interest for up to seven years on Ultras and other HDMCs during Jan and Feb to compensate for slow sales. Does anyone know this to be true? im looking at one that they are working out all the details, but if this is true i may wait. The diff between 4.9 and 9.9 interest DEFINATELY makes a difference. THANKS!

 

I don't have the answer for you however if it were me I couldn't stand it and the interest rate would have very little effect. Corse I've always been a little compulsive.Good luck and have fun.

 

that rate would only apply to the best qualified customers.

I was a tear #2 which equaled a 9.9 apr

I just had to have a carb!

 

They may have done that in the past, but it doesn't necessarily mean they will do it in the future. I think last year in my area they had special financing on Vrods. But as Mentor said, your credit would probably have to be squeaky clean to get their lowest rate. The sooner you pay off the scoot, the less an interest rate will effect you.

 

I have a 750+ credit score and got their best rate of some where around 8% last january. Go to a local credit union and get a better rate. My CU is getting to be a pain in the rear, so I'm not using them much anymore.

 

I got my new Heritage at 2.9%. I put a healthy down payment on it and financed it for two years.

 

I've never seen rates that low for such long term.They are always 24-36 months at that rate.

 

I was told by a friend of mine who works for MB bank (he works closeley with many dealers both Jap and harley in the Metro Chicago area)to qualify right now for harley financeing 4.9% you need a 780 CS or better which, only a small part of the population have it. Also it's and all or nothing program not a teared program so eather 4.9 (in may area they even were offereing 3.9) or 8.99
They get ya in the door get your juices flowen, you "Buy" the dream bike Yep at 4.9% ..cheep money U say to your self.......
Then they drop the bomb [sm=badbadbad.gif]Sorry you dont qualify (you feel like a looser but have all ready pictured your self riding that new Harley..turning heads) "but we did get you a loan"at 8.99%....Like they did you a favor, they show you it's only $XX more per month then show you what it would be if you added additionl 12 months to your turm (like going form 48 to 60) WOW U think thats even lower then I was expecting......You sign away !! GOT YA

 

I say - to hell with what it costs. if you want it - buy it.... play like there's no tomorrow.

a 1% drop in interest, on a $15,000 loan, spread over a 5 yr pay back only amounts to $7.13 a month. if things are that tight for you that you can't afford another $7 a month.... maybe you need to rethinkbuyinga Harley and gofor a cheaper metric bike..... IMO - not trying to flame anyone... just voicing my opinion.

 

Let's see, $7.13 x 12 months times 5 years = $427.80 .

Heck, that's enough to keep a yuppie in tires for the life of his loan.....