financing-bad credit
Seasoned HDF Member
Joined: Apr 2009
Posts: 44,903
Likes: 29,883
From: PNW
Road Master
Joined: May 2009
Posts: 1,161
Likes: 296
From: TEXAS
I feel like your wanting that Harley pretty bad 
Ride the bike you have and pay off the Credit Cards
If you can afford a high interest loan payment on a $20,000 bike go find a bike for $10,000 make sure to have a good down payment and make sure the loan is simple interest. If you pay extra on the principle every payment it will offset the high interest rate, build credit and pay off early.
Building credit with credit cards is a fool's game
They can raise the interest rate thru the roof and what you already charged
Ride the bike you have and pay off the Credit Cards
If you can afford a high interest loan payment on a $20,000 bike go find a bike for $10,000 make sure to have a good down payment and make sure the loan is simple interest. If you pay extra on the principle every payment it will offset the high interest rate, build credit and pay off early.
Building credit with credit cards is a fool's gameThey can raise the interest rate thru the roof and what you already charged
Seasoned HDF Member
Joined: May 2008
Posts: 21,175
Likes: 12,748
From: South Carolina
If you can`t resist the urge to buy stuff on credit when you can`t afford it, you will never get your financial life on track.
Just because you want something real bad doesn`t mean you should buy it.
High interest credit companies thrive on exploiting your weakness.
Time to grow up and face reality.
You can`t afford it.
Just because you want something real bad doesn`t mean you should buy it.
High interest credit companies thrive on exploiting your weakness.
Time to grow up and face reality.
You can`t afford it.
Thread Starter
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Advanced
Joined: Apr 2013
Posts: 73
Likes: 3
From: phoenix
thanks all....great info...i too had thought of paying off the credit cards first, ...i will try to save some $ then after that,,,i quess i need to make a plan, and have patience....when i went to the place that had the harleys, and i sat on one, i knew i wanted one badly....i will just have to save for a yr...it seems like the best deals are off craigslist...the dearlers bikes seem high
Stellar HDF Member
Joined: Jun 2010
Posts: 2,553
Likes: 13
From: Sussex, South of England
thanks all....great info...i too had thought of paying off the credit cards first, ...i will try to save some $ then after that,,,i quess i need to make a plan, and have patience....when i went to the place that had the harleys, and i sat on one, i knew i wanted one badly....i will just have to save for a yr...it seems like the best deals are off craigslist...the dearlers bikes seem high
Hang with us while you wait!
Seasoned HDF Member
Joined: Apr 2009
Posts: 44,903
Likes: 29,883
From: PNW
Fwiw, I stand by my earlier advice. I wouldn't sell off the Honda to pay the credit cards off. I would keep it because a man needs something to make all that hard work seem worthwhile. That, and my Grandma told me to never sell off my things to pay bills. Because after you do that, you have nothing. Instead, work hard, pay them down, maybe give up the little things that add up like Starbucks or McDonalds, and stay on the righteous path to financial security.
Trust me, before you know it, you'll be on that Harley enjoying the wind in your hair and some money in your wallet.
Good luck!
Outstanding HDF Member
Joined: Jan 2009
Posts: 2,145
Likes: 2
From: Ontario East
Starbuck a day? How much? Just guessing because I don't drink it.
Easy enough to give up for a good cause.
$5/day X 365 looks like $1825/year.....and that's only giving up Starbucks. How about if you smoke? Up here it's another $3650. So no smokes or Starbucks gives you $5475 in a year. Find something you know you can do without, be it Starbucks, chocolates, whatever. Each day stuff the money in a jar. It adds up fast and before you know it, you have a Harley between your legs.
Oh, yah. Pay off the credit cards, then destroy all but 2.
Easy enough to give up for a good cause.
$5/day X 365 looks like $1825/year.....and that's only giving up Starbucks. How about if you smoke? Up here it's another $3650. So no smokes or Starbucks gives you $5475 in a year. Find something you know you can do without, be it Starbucks, chocolates, whatever. Each day stuff the money in a jar. It adds up fast and before you know it, you have a Harley between your legs.
Oh, yah. Pay off the credit cards, then destroy all but 2.
Elite HDF Member
Joined: Dec 2010
Posts: 4,229
Likes: 10
From: Oklahoma
Ya gotta wonder - just how good is financial advise from a bunch of guys dumb enough to spend $25,000 or so on a motorcycle?
Just kidding! Ride safe!
Just kidding! Ride safe!
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Cruiser
Joined: Mar 2008
Posts: 249
Likes: 0
From: New Yawk
Yes you can...
Whomever told you a large down payment wouldn't help is incorrect and an ID-10-T! I work selling Chrysler, Dodge, Jeeps & Ram Trucks and have hooks in the local motorcycle market as well.
Typically that is the response of someone who doesn't want to spend the time needed to get you approved. While H-D Financial Services may not touch you, three of my local dealerships all work with credit unions and I know they surely will. That response is typical at a busy dealership where they can sell 5 scoots in the time it will take to work through your issues and sell you 1. Gotta remember, they don't get paid for writing deals that are doomed, they only get paid on delivery!
Fortunately for my customers, I'm a retired cop and live off my pension. I can work great deals, spend all the time I need to with someone, etc... Because I really don't need the money. I got into the business because I know too man people who've been screwed and I wanted to make a difference!
A few things that will surely help you are a job, a down payment (the bigger the better), and if at all possible, a co-signer (with good credit).
If you can't get it to work out, shoot me a pm, I'd be happy to run your scenario by my finance managers and my buddy at the local H-D dealer. They're all in the business and are bikers too!
Typically that is the response of someone who doesn't want to spend the time needed to get you approved. While H-D Financial Services may not touch you, three of my local dealerships all work with credit unions and I know they surely will. That response is typical at a busy dealership where they can sell 5 scoots in the time it will take to work through your issues and sell you 1. Gotta remember, they don't get paid for writing deals that are doomed, they only get paid on delivery!
Fortunately for my customers, I'm a retired cop and live off my pension. I can work great deals, spend all the time I need to with someone, etc... Because I really don't need the money. I got into the business because I know too man people who've been screwed and I wanted to make a difference!
A few things that will surely help you are a job, a down payment (the bigger the better), and if at all possible, a co-signer (with good credit).
If you can't get it to work out, shoot me a pm, I'd be happy to run your scenario by my finance managers and my buddy at the local H-D dealer. They're all in the business and are bikers too!
Stellar HDF Member
Joined: Jun 2010
Posts: 2,553
Likes: 13
From: Sussex, South of England
Whomever told you a large down payment wouldn't help is incorrect and an ID-10-T! I work selling Chrysler, Dodge, Jeeps & Ram Trucks and have hooks in the local motorcycle market as well.
Typically that is the response of someone who doesn't want to spend the time needed to get you approved. While H-D Financial Services may not touch you, three of my local dealerships all work with credit unions and I know they surely will. That response is typical at a busy dealership where they can sell 5 scoots in the time it will take to work through your issues and sell you 1. Gotta remember, they don't get paid for writing deals that are doomed, they only get paid on delivery!
Fortunately for my customers, I'm a retired cop and live off my pension. I can work great deals, spend all the time I need to with someone, etc... Because I really don't need the money. I got into the business because I know too man people who've been screwed and I wanted to make a difference!
A few things that will surely help you are a job, a down payment (the bigger the better), and if at all possible, a co-signer (with good credit).
If you can't get it to work out, shoot me a pm, I'd be happy to run your scenario by my finance managers and my buddy at the local H-D dealer. They're all in the business and are bikers too!
Typically that is the response of someone who doesn't want to spend the time needed to get you approved. While H-D Financial Services may not touch you, three of my local dealerships all work with credit unions and I know they surely will. That response is typical at a busy dealership where they can sell 5 scoots in the time it will take to work through your issues and sell you 1. Gotta remember, they don't get paid for writing deals that are doomed, they only get paid on delivery!
Fortunately for my customers, I'm a retired cop and live off my pension. I can work great deals, spend all the time I need to with someone, etc... Because I really don't need the money. I got into the business because I know too man people who've been screwed and I wanted to make a difference!
A few things that will surely help you are a job, a down payment (the bigger the better), and if at all possible, a co-signer (with good credit).
If you can't get it to work out, shoot me a pm, I'd be happy to run your scenario by my finance managers and my buddy at the local H-D dealer. They're all in the business and are bikers too!