. Time to look for a new one I guess.
9.49% - What is HD Thinking!!??
9.49% - What is HD Thinking!!??
So, I've been eyeballing a new bike. Not that I'd use HD financing, but I have been playing with different down payments, bikes, options, etc. and using their "2009 Payment Estimator" to get ballpark figures.
Couple days ago, the lowest interest rate they had was 7.99% (way high). The next day, it was 9.49%, and it goes UP from there!
Is business SO GOOD for the motor company that they can charge credit card rates on their bikes or are they getting out of the finance business? That is ridiculous!
My credit is really good, but can you imagine some kid trying to get is first bike? Picks out a 12K sporty and is then told he'll get shafted with 12, 13, or 14 % interest on the thing!
Yikes! What are they up to?
Couple days ago, the lowest interest rate they had was 7.99% (way high). The next day, it was 9.49%, and it goes UP from there!
Is business SO GOOD for the motor company that they can charge credit card rates on their bikes or are they getting out of the finance business? That is ridiculous!
My credit is really good, but can you imagine some kid trying to get is first bike? Picks out a 12K sporty and is then told he'll get shafted with 12, 13, or 14 % interest on the thing!
Yikes! What are they up to?
Club Member
Joined: Aug 2008
Posts: 21,769
Likes: 22,993
From: North Carolina
Yes they can and will take advantage of those that are not wise.
When I bought my bike they quoted me 8.95% and I shook my head NO. They made one phone call and the dealer also dropped their kick back on the interest and I got 6.75%.
They have to show high rates to cover themselves on those with poor credit but you must be prepared to negotiate on financing also.
Happy shopping
When I bought my bike they quoted me 8.95% and I shook my head NO. They made one phone call and the dealer also dropped their kick back on the interest and I got 6.75%.
They have to show high rates to cover themselves on those with poor credit but you must be prepared to negotiate on financing also.
Happy shopping
Seasoned HDF Member
Joined: Sep 2004
Posts: 6,197
Likes: 708
From: (Toronto) Canada
Harley financing will cover everything bought at time of purchase, accesories, boots, leathers, extended warrenties, etc, and it is offered for longer terms than traditional banks, so it is easy for alot of folks. Lines of credit are much cheaper, but not everyone has one.
I know when I got my bike, it was the monthly payment amount that was important at the time, not the rate. Looking back, it was stupid, but it worked at the time, and for me, it was a great deal, since I had a new bike that I loved, rather than another make do bike that I could afford.
I know when I got my bike, it was the monthly payment amount that was important at the time, not the rate. Looking back, it was stupid, but it worked at the time, and for me, it was a great deal, since I had a new bike that I loved, rather than another make do bike that I could afford.
Cruiser
Joined: May 2009
Posts: 194
Likes: 0
So, I've been eyeballing a new bike. Not that I'd use HD financing, but I have been playing with different down payments, bikes, options, etc. and using their "2009 Payment Estimator" to get ballpark figures.
Couple days ago, the lowest interest rate they had was 7.99% (way high). The next day, it was 9.49%, and it goes UP from there!
Is business SO GOOD for the motor company that they can charge credit card rates on their bikes or are they getting out of the finance business? That is ridiculous!
My credit is really good, but can you imagine some kid trying to get is first bike? Picks out a 12K sporty and is then told he'll get shafted with 12, 13, or 14 % interest on the thing!
Yikes! What are they up to?
Couple days ago, the lowest interest rate they had was 7.99% (way high). The next day, it was 9.49%, and it goes UP from there!
Is business SO GOOD for the motor company that they can charge credit card rates on their bikes or are they getting out of the finance business? That is ridiculous!
My credit is really good, but can you imagine some kid trying to get is first bike? Picks out a 12K sporty and is then told he'll get shafted with 12, 13, or 14 % interest on the thing!
Yikes! What are they up to?
Cruiser
Joined: May 2009
Posts: 194
Likes: 0
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Outstanding HDF Member
Joined: Apr 2009
Posts: 2,759
Likes: 3
From: NCWV
My credit wasn't perfect. My tier 2 financing through a local bank beat HD's tier 1 by 3 points.
When i picked my bike up he said he does applications/sales every week with 18% on 76/82 months. Absurd.
Local banks/credit unions are the way to go. Unless you got cash. Then just throw down.
When i picked my bike up he said he does applications/sales every week with 18% on 76/82 months. Absurd.
Local banks/credit unions are the way to go. Unless you got cash. Then just throw down.
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