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May 1, 2008 | 07:37 PM

#11

az232

Cruiser

Joined: Nov 2006

Posts: 151

Likes: 1

From:

RE: financing

When I balked at what I considered a high rate from Eaglemark(I havereally goodcredit and am used to getting a good rate) the credit manager at the Harley dealer found me a loan for 2 points less at a local bank. My payment dropped from $290 to $255. This guy was very helpful. I'm sure they aren't supposed to steer the customer somewhere else for a loan.

May 1, 2008 | 07:43 PM

#12

wbogley

Outstanding HDF Member

Joined: Sep 2006

Posts: 2,371

Likes: 11

From:

RE: financing

I have a 780 credit score, but HD was firm at 6-7% for 60 months. I decided to use my line of credit at 4.5% and also take the tax deduction on the interest.HD did do so promo rates before at 3-5% and they did 1.05% for 36 months on the copper top bikes.

May 1, 2008 | 07:47 PM

#13

Tralfaz

Road Master

Joined: Jun 2006

Posts: 891

Likes: 1

RE: financing

Quote:

ORIGINAL: skiahh
When I asked why the rate was so high, they said, essentially, "well, since you want a short term and are putting so much down, we won't make much money on you, so we charge a higher rate." I asked again because I couldn't believe I had just heard that and they repeated it.

This is a bit odd. I went in when they had their 2.99% rates on 2007 models and what was strange there was that, in order to get that rate, you had to get a 3 year loan. They essentially went up 1% for every year past that. I also traded in a motorcycle, so that was 1/3 down as well.

May 1, 2008 | 07:49 PM

#14

wbogley

Outstanding HDF Member

Joined: Sep 2006

Posts: 2,371

Likes: 11

From:

RE: financing

Quote:

ORIGINAL: smileyelite

I bought my bike last june and I got 2.99 which I thought was great. Don't know if that was a special or not.

That was a one month special they did to try to clear some dealer inventory last year. It was the "stick it to the man" promo.

May 1, 2008 | 08:10 PM

#15

Tinkermc

Outstanding HDF Member

Joined: Dec 2006

Posts: 2,972

Likes: 1

From: King William, VA.

RE: financing

they seem fair 2 me but I know my dealer is trying to sell a rate. Credit union beat them by 3%

May 1, 2008 | 08:40 PM

#16

KBFXDLI

Big Kahuna HDF Member

Joined: Feb 2006

Posts: 23,881

Likes: 34

From: USA

RE: financing

Shop for your money......call at least 10 places. You will be amazed how competitive it gets.

May 2, 2008 | 08:43 AM

#17

Medic7594

Intermediate

Joined: Mar 2008

Posts: 29

Likes: 0

From:

RE: financing

My dealer financed me through MB Financial. I have a high credit score and put 1/3 down on the bike. I got a rate of 6.9% for 48 months but will have the bike paid off in 2 years.

May 3, 2008 | 01:07 PM

#18

rontech

Intermediate

Joined: Dec 2007

Posts: 45

Likes: 0

From: San Diego

RE: financing

I woudn't give eaglemark the time of day. My credit isn't the greatest but isn't real bad either. Been to 3 dealers, all of them said NO, one of them didn't even try. That guy doesn't even work there anymore.
So I bought mine used from an indy shop. And I think it's better that any of the new bikes anyway.