About to buy two brand new Harleys, want some advice
#32
02-25-2011, 08:11 AM
Wow, I have to say I completly disagree with Garand. If our world, much less just our country, ran that way most of us would still be riding horses as our main source of transportation and living in houses made of mud and sticks. I can see where financing 100% on "toys" can result in making a bad situation worse, but if the buyer is responsible everything will be just fine and it gives the buyer much more time to do what he/she enjoys...riding. Did I mention that time is the only resource you can not get more of? Anyway, off the soapbox now...To the OP; work the deal, check all your options (other dealers and other lenders), and most importantly congrats and have fun with the new bikes!
+1
not enough people realize this......until they are out of time.
#34
02-25-2011, 08:18 AM
Road Warrior
just get the deal. if your wife has a mouth on here u can use that as leverage to get the deal. I mean vocally of course. If not, go there alone and get the deal you want or walk away. there are plenty other dealers all over the country that will sell the same damn bikes. Get a deal, make the deal, drive away happy. END OF STORY
#35
02-25-2011, 08:22 AM
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since this is a "buying a Harley" thread, it needs some apropriate music
http://www.youtube.com/watch?v=h45WnW0ASFY
http://www.youtube.com/watch?v=h45WnW0ASFY
Last edited by schumacher; 02-25-2011 at 08:32 AM.
#36
02-25-2011, 08:22 AM
Road Warrior
I am calling a few banks first to get their rates. I also plan on not signing anything today and shopping around on Saturday at a few other dealers. I'll shoot high and settle somewhere in between for the deal.
As for everyone telling me not to finance, I'm gonna hold my tongue and just say I am more than aware of what is involved with financing a "toy" as you call it. We are both actually selling our pleasure vehicles for the bikes, but are waiting till spring to do so, so financing it until then.
As for everyone telling me not to finance, I'm gonna hold my tongue and just say I am more than aware of what is involved with financing a "toy" as you call it. We are both actually selling our pleasure vehicles for the bikes, but are waiting till spring to do so, so financing it until then.
you my friend NEED to do a lot more research. Harley gets the rates for you if you are finacning in house. Becasreful what u wish for. I financed my bike with no problem. Had 17% on the loan but I paid off 12k in 1 year so it wasnt horrible. Id save as much as u can for a nice large downpayment. this makes ALL banks happy. Dont rush this sort of thing.
#37
02-25-2011, 08:23 AM
Road Captain
Using your Credit Union is the way to go if you must finance...most of us poor bastards would have nothing if we couldn't finance. Times are hard and the dealer is feeling it too. Work your best deal and go for it!
Time on this earth is short. Enjoy what you can afford. You never know what may happen later to prevent your riding experience.
Time on this earth is short. Enjoy what you can afford. You never know what may happen later to prevent your riding experience.
#38
02-25-2011, 08:24 AM
I remember about 30 years ago I witnessed a 1% very early on a Sunday morning post a substantial cash bail for a fellow club member. That was back in the day before electronic money. He was able to pull it out of a bag at very short notice and it would have bought a few Harleys. The cars and houses those guys owned at the time outdid mine and they were genuine bikers wearing very well known patches. I've seen a few in my day.
#39
02-25-2011, 08:27 AM
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I remember about 30 years ago I witnessed a 1% very early on a Sunday morning post a substantial cash bail for a fellow club member. That was back in the day before electronic money. He was able to pull it out of a bag at very short notice and it would have bought a few Harleys. The cars and houses those guys owned at the time outdid mine and they were genuine bikers wearing very well known patches. I've seen a few in my day.
#40
02-25-2011, 10:21 AM
The truth is you WILL be out of time to build wealth once you grow up and realize you've pi$$ed away your money your entire life.
Do what you whatever makes you happy. Grandma used to say, "A man convinced against his will is of the same opinion still."
Sorry if I sound arrogant, but this is a topic I'm passionate about. I'm also proud to be enjoying the rewards of living on a budget. I only want to inspire others to do the same.
BTW, regardless of income, job security, or if you don't come under hard times the truth is we all have different definitions of wealth and if we're broke or not. By my definition, if you have to finance a bike you're already having a hard time, but you just don't know it yet.
Last edited by garand; 02-25-2011 at 10:36 AM.