Refinancing HD

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Jun 25, 2010 | 08:35 AM

Combat_Soldat

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From: Fort Sill, OK

Refinancing HD

How do i go about refinancing my bike? I got slapped in the face with a 17.8% APR threw HD, know any good companies, banks, credit unions?

Jun 25, 2010 | 08:37 AM

VsTheWorld

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if you're military/ex then join a credit union - even if all they'll do is a personal loan you'll be able to beat that APR by 7-10%

Jun 25, 2010 | 08:37 AM

sgod1100

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Joined: Dec 2009

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From: Rockford, IL

Quote:

Originally Posted by Combat_Soldat

How do i go about refinancing my bike? I got slapped in the face with a 17.8% APR threw HD, know any good companies, banks, credit unions?

um...WOW, you are currently getting RIPPED OFF!! I went through Members Alliance credit union and depending on your credit score I got a 5% apr. Go refinance ASAP!!

Jun 25, 2010 | 08:51 AM

cmeaney

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Joined: Mar 2010

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From: Martinsville, IN

That is absurd! I financed through HD 2 yrs ago and got 9%. You need to find even a bank or credit union, quickly.

Jun 25, 2010 | 08:52 AM

Danny D

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Joined: Feb 2008

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From: Arizona

I might suggest a couple of things. One the HD dealer may have other options and two, I refinanced a vehicle through CitiCorp and they were helpful and I got a lot better rate.

Jun 25, 2010 | 08:56 AM

pretz

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Joined: Feb 2010

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From: Washington State

Check your credit rating. That might explain why it is so high. Otherwise go to your bank.

Jun 25, 2010 | 11:12 AM

wideglidebob

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your credit score is what its based on plus your negotionating skills if you have above 700 score, if your active military they can only charge you like 6 per, even if you started out at a higher rate they have to lower it my son had a 12 per on his bike when he was deployed it was lowered to i believe 6 per

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Jun 25, 2010 | 12:11 PM

WillyHD

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Joined: Jun 2005

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From: Central FL

Quote:

Originally Posted by wideglidebob

I've never heard of any cap on APR for active duty personnel. Can you post a link to this information? Thanks!

EDIT: Found it. It only applies to credit obtained BEFORE you entered active duty. http://www.military.com/benefits/leg.../scra/overview

Last edited by WillyHD; Jun 25, 2010 at 12:17 PM.

Jun 25, 2010 | 12:23 PM

#10

TxJiminy

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Joined: May 2010

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From: Western WA, currently

Quote:

Originally Posted by WillyHD

I've never heard of any cap on APR for active duty personnel. Can you post a link to this information? Thanks!

Not sure about the year round cap, but when a service member deploys they can wright a letter to their creditor requesting that their apr be lowered to 6% in accordance with the "Soldiers & Sailors Civil Relief Act". More times than not, you'll get your apr lowered.

Edit: I'm too late, you found it.