Refinancing HD
Road Master
Joined: Aug 2009
Posts: 868
Likes: 4
From: Warwick, RI
Why would you even sign at that high a rate? I think that there is reason enough to know your credit is sketch and not by mistake.
Anyway, yes, go to a credit union. Your credit still dictates, as does your debt:income. Credit unions are generally cheaper. Only time I have NOT financed something through my CU was when Ford gave me 0%
Anyway, yes, go to a credit union. Your credit still dictates, as does your debt:income. Credit unions are generally cheaper. Only time I have NOT financed something through my CU was when Ford gave me 0%
Road Master
Joined: Jun 2005
Posts: 1,212
Likes: 4
From: From Illinois; Currently Belgium
True Story: In April of 2008 I bought a new Road King Classic. After 3 days of pi$$ing with the sales dept and sales manager I got a call from the GM to come down and see him personally to work out a deal. I was satisfied with the bike and deal...then on to the finance guy. I sat down and he had the paperwork drawn for 13%. I have immaculate credit and wasn't going to stand for that. I told him I want the bike, but not that bad. As I stood up he stopped me and I realized we were now negotiating the interest rate rather than him giving me the lowest I qualify for. I settled at just under 8%. What BS! I saved 5% by just standing my ground! Also they jerked my around and didn't pay off my trade until 4 months later! I was freaking out trying to get it taken care of without damaging my credit. Long story short, I'll never finance AGAIN! I paid this bike off in 18 months and WILL NOT go down the debt road again.
Elite HDF Member
Joined: Jun 2009
Posts: 3,785
Likes: 63
From: Eastern Washington State
If you're in the military and you arrange financing or refinancing be sure you will be able to take the bike out of state if you get transferred. Your best be may be the base credit union.
Tourer
Joined: Aug 2005
Posts: 390
Likes: 16
From: Southeast
Road Warrior
Joined: May 2007
Posts: 1,635
Likes: 58
From: Bishkek, Kyrgyzstan
If you bought a bike as your sole means of transportation all I can say is...
you should have bought a car instead.
Ultimate HDF Member
Joined: Feb 2006
Posts: 5,190
Likes: 5
From: Eastern Washington
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Joe Kucinski
Elite HDF Member
Joined: Aug 2006
Posts: 3,871
Likes: 4
all that pay cash is great in therory but most of us common folks cannot pay for everything cash i finaced my bike in 05 for 4.25 per for 72 mo, knowing i would pay off early but just in case my payment was low enough if something happend paid it off in 24 mo.
Road Warrior
Joined: May 2007
Posts: 1,635
Likes: 58
From: Bishkek, Kyrgyzstan
Wisdom is something that comes from experience, not mothers............
Cars are necessary, motorcycles aren't...........
First things first when starting the transformation into adulthood.
Cars are necessary, motorcycles aren't...........
First things first when starting the transformation into adulthood.
Last edited by silvrbill; Jun 25, 2010 at 07:59 PM.