10 year financing
Road Warrior
Joined: Jul 2005
Posts: 1,751
Likes: 1
From: USA
So let me get this straight... Harley is trying to sell bikes to people who really can't afford them by offering ridiculously "convenient" financing terms?
I guess the Moco hasn't learned anything from Freddie Mac or Fannie Mae.
I guess the Moco hasn't learned anything from Freddie Mac or Fannie Mae.
Banned
Joined: Feb 2008
Posts: 1,943
Likes: 0
From: Chicago.
Outstanding HDF Member
Joined: Jul 2006
Posts: 2,303
Likes: 4
From:
Any more than 3 yrs and you shouldnt be considering it because you cant afford it.And in 10 yrs most new owners wouldnt want it by then.
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Seasoned HDF Member
Joined: Jun 2005
Posts: 12,946
Likes: 32
From: Colorado Springs, CO
32 years ago I was selling new Chevies. Believe me, there were plenty of people getting upside down on 5 year car payments even then. You think of all the things that have changed since; "easy terms" on cars and everything else, a boom of rent to own & check cashing businesses, using credit cards to order fast food for crying out loud. Frankly, out of control spending by the government & the private sector is what ails America & the world. In the old days my folks grew up in and later and raised a family in, except for the home, if you didn't have the jack, you didn't buy it. Its coming back to that now folks, better get used to it.
You have to pay it in full every month. That way you incur ZERO interest payments. Treat it the same as rent/mortagage. It MUST be paid in full.
~Joe
Tourer
Joined: Jan 2008
Posts: 272
Likes: 0
From: NE Ohio
Actually, I use my credit card for buying food. Hell, I use it for EVERYTHING. Then, I pay the bill in full at the end of the month. What that has done is given me an A+++ rating. When you see someone use their credit card, don't assume that they don't know what they are doing. The way I do it, ensures that my credit report stays chocked full of positive reports, as it shows a CONSISTENT ability to pay ones debts.
You have to pay it in full every month. That way you incur ZERO interest payments. Treat it the same as rent/mortagage. It MUST be paid in full.
~Joe
You have to pay it in full every month. That way you incur ZERO interest payments. Treat it the same as rent/mortagage. It MUST be paid in full.
~Joe
Last edited by shoveldog; Oct 27, 2008 at 07:53 PM.