Almost Pulled The Trigger On A 2011 Fat Boy Lo
Elite HDF Member
Joined: Aug 2006
Posts: 3,871
Likes: 4
you should never buy something on a 84 month note, that is pure finacial sucicide, your smart to pay off your bike or at least try and sell it, than go deal , you were smart to go home and sleep on it never buy on empulse
Tourer
Joined: Jan 2010
Posts: 268
Likes: 0
From: Colorado
Consider yourself lucky. You learned a valueable lesson and it didn't cost you anything. A lot of other people don't have the sense to sleep on a major decision like that, then they wind up over their head in debt.
Most sales people don't give a crap about what you can or can't afford. All they see is comission. There are a few that look at the long term with the understanding that you may someday want to buy a second ot third bike from them.
You did the right thing.
Happy Memorial Day.
Most sales people don't give a crap about what you can or can't afford. All they see is comission. There are a few that look at the long term with the understanding that you may someday want to buy a second ot third bike from them.
You did the right thing.
Happy Memorial Day.
Road Warrior
Joined: Oct 2007
Posts: 1,989
Likes: 11
From: Right Coast
You almost got took!
Never, ever buy based on payments. Never, ever give them a payment you would be happy with. Never, ever make a trade where they are adding on the difference between trade-in value and what is owed, better yet never, ever trade a bike or car in. 10+% interest is just plain ridiculous.
Now that you know all this, never, ever go back to that dealer.
Never, ever buy based on payments. Never, ever give them a payment you would be happy with. Never, ever make a trade where they are adding on the difference between trade-in value and what is owed, better yet never, ever trade a bike or car in. 10+% interest is just plain ridiculous.
Now that you know all this, never, ever go back to that dealer.
Supporter
Joined: Dec 2006
Posts: 6,724
Likes: 234
From: Altoona, Pa.
Think your takin yourself for a ride. First, its clear you never put enough down on your first bike if your upside down on payoff. Shouldnt even be lookin for a bike if your that far away from paying it off. Want low payments and low interest rates??? Try working on building pu your score and pay that first bike off and then go looking AFTER you have a sizeable down payment. Lasy thing you should be is 'bike poor'.
Outstanding HDF Member
Joined: Jun 2007
Posts: 3,364
Likes: 33
From: So Cal The Golden State
84 months For the average male that is just shy of 1/10 of your life span.
$5700.00 trade in. I would not have had that conversation with my wife.
If I finance I would go to my credit union and aim for a loan 24 to 48 months max.
But owning way better than owing. Save up and pay off your bike.
$5700.00 trade in. I would not have had that conversation with my wife.
If I finance I would go to my credit union and aim for a loan 24 to 48 months max.
But owning way better than owing. Save up and pay off your bike.
Thread Starter
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Ultimate HDF Member
Joined: Jul 2008
Posts: 6,502
Likes: 97
From: SW Ohio
You almost got took!
Never, ever buy based on payments. Never, ever give them a payment you would be happy with. Never, ever make a trade where they are adding on the difference between trade-in value and what is owed, better yet never, ever trade a bike or car in. 10+% interest is just plain ridiculous.
Now that you know all this, never, ever go back to that dealer.
Never, ever buy based on payments. Never, ever give them a payment you would be happy with. Never, ever make a trade where they are adding on the difference between trade-in value and what is owed, better yet never, ever trade a bike or car in. 10+% interest is just plain ridiculous.
Now that you know all this, never, ever go back to that dealer.
Elite HDF Member
Joined: May 2009
Posts: 4,904
Likes: 9
From: Streetsboro, Oh
Your bike is worth more, but that's about right on tade inn. yeah a 7 year loan is not good and to end up paying $25k for a fat boy is not worth it IMO. I love the Fat boy low's, but I have a 08 1200 C and rode a 2009 Fat Boy and I have to tell you I would rather ride one of my Sportys any day. The Fat Boy feels well FAT when riding it. Just hang on to your bike for a bit and get it paid down more , then see what you can swing then.
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Outstanding HDF Member
Joined: Mar 2010
Posts: 2,202
Likes: 5
From: Hudson Valley, NY
i always said i'll finance two things, my home, and my kids college education. everything else i pay cash or don't buy it. i saved and drove and old beat to **** sporty until i could buy my used fatboy with cash. i own it free and clear which is great. i've been wanting a boat for probably 10 years now but no way i'm financing a boat.
the novelty of the new bike will wear off very soon, the payment will last much much longer than the new bike joy will.
the novelty of the new bike will wear off very soon, the payment will last much much longer than the new bike joy will.
Outstanding HDF Member
Joined: Mar 2010
Posts: 2,202
Likes: 5
From: Hudson Valley, NY
i found the craiglist owners were completely delusional, for the same bike they wanted $12,500 or even more some of them. they think their chrome and bolt on crap = money, it doesn't...