Help!! H-D financing question...
Tourer
Joined: Apr 2010
Posts: 313
Likes: 0
From: Currituck, NC
Just financed my new '10 FXDB, got a 7.25%. Took some time (about 30 min). I think I was lucky and got it at Outer Banks Harley during bike week. A "big wig" with HD financing was there to underwrite it. All I can say, is you have the ability to find other financing, or just walk away, if it doesn't sound right.
Elite HDF Member
Joined: Nov 2009
Posts: 3,938
Likes: 23
From: MD just outside DC
I knew I shouldn't a done it. My neighbor -- I'll call him Mr. Rich Smartypants -- snagged a '90 FXR ratbike off of craigslist for five grand. Sucker backfires and shoots flames out of the cylinder head base gasket. It's been down -- the handlebars are tewaked -- but it has been lowered, has custom wheels and is the fastest rototiller I ever rode. It also looks terrific.
Well, that woke up the beast. I was putting off getting another Harley til next spring. By then the Busa is paid off, got the VISA card down to close to zip and I'll be off of work furloughs.
Can't wait that long. That old bike woke up the gotta-have-it monster.
I can pay my bills no problem, and have an extra 300 bucks for another scoot. I can put maybe 1500 bucks down. Bottom line is I don't want to feel like a fool at the store if they say no.
Anyone here have recent experience with H-D financing? The reason I ask is there is an '07 Softail Standard very siilar to my last bike only newer stitting (forever) at the local shop. I love those things -- just plain, black with a journeyman's gray motor and no frills.
Any advice appreciated as I am no longer in the bank robbery business... -L-
Well, that woke up the beast. I was putting off getting another Harley til next spring. By then the Busa is paid off, got the VISA card down to close to zip and I'll be off of work furloughs.
Can't wait that long. That old bike woke up the gotta-have-it monster.
I can pay my bills no problem, and have an extra 300 bucks for another scoot. I can put maybe 1500 bucks down. Bottom line is I don't want to feel like a fool at the store if they say no.
Anyone here have recent experience with H-D financing? The reason I ask is there is an '07 Softail Standard very siilar to my last bike only newer stitting (forever) at the local shop. I love those things -- just plain, black with a journeyman's gray motor and no frills.
Any advice appreciated as I am no longer in the bank robbery business... -L-
Seasoned HDF Member
Joined: Jul 2009
Posts: 5,023
Likes: 1,352
From: Virginia
Outstanding HDF Member
Joined: Feb 2009
Posts: 2,551
Likes: 22
From: Jacksonville Beach, FL.
Last I heard, Harley (Eaglemark) required 10% down...no matter how good your beacon is. When I go to trade in my sporty this Christmas, I might have to walk away. With my sporty....
Road Captain
Joined: Apr 2010
Posts: 515
Likes: 3
From: Tipp City Ohio
Go to your bank or Credit Union.
HD credit wanted 10% down and 14% interest.
Got the same bike privately with more goodies,half the miles,$4,000 less and no money down at 8% interest through my credit union.
HD credit wanted 10% down and 14% interest.
Got the same bike privately with more goodies,half the miles,$4,000 less and no money down at 8% interest through my credit union.
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Cruiser
Joined: May 2009
Posts: 138
Likes: 0
From: Milliken/Fort Collins CO
Ill chime in on this, seeing as how I must be the odd man out in this senario. I bought my 2009 Nightster last april, with zero down, roughly 715 credit score. Since then, I bought a new truck, paid off and CLOSED 5 credit cards, took a small loan from my credit union ($3000), and bought a new house, my first home in fact. So goes without saying that my credit has been all over the place in the last 12 months, according to equifax, my credit is hovering somewhere around the 660 range right now. Fast forward to March 3rd of this year. I walk into dealer, trade in my 2009 Nightster on my 2010 Wide Glide with Neg equity in the '09, and STILL didnt have to put any money down to get the '10, and walked out with a apr of 9.5%. Not a great rate, but shows you that even with all the credit fluctuation I had (which i think is a ton) I didnt have to put anything down, and got a "ok" rate. I have heard that Harley will literally finance ANYONE right now. As a matter of fact, I have a friend of a friend in forclosure on his home and just bought a '10 Fatboy. Food for thought...
Jaison
Jaison
Road Master
Joined: Dec 2009
Posts: 1,223
Likes: 6
From: Las Vegas, NV
As far as buying a used bike through a credit union......my CU will finance 115% of blue book value.....so it comes down to blue book vs. whatever the dealer is asking for the bike.
.....if it's over 115%, you better have some cash.