To payment or not??
Grand HDF Member
Joined: Oct 2009
Posts: 3,919
Likes: 3,724
From: Hill Country, TX
Anyway they had a 2007 Heritage springer in vivid black... ( I have always wanted a springer)with a 103 kit installed with 13000 miles on it. The Dyno sheet says it was putting out 114 HP and 104 TQ at the wheel... They came back and approved me. But even with my trade in the payments came back about $50 higher than I wanted.
That bike is still calling me......what to do ????
That bike is still calling me......what to do ????
Why aren't you concentrating on completely eliminating your existing debt, and saving some cash for a rainy day? Why do you need to accumulate even more debt for a motorcycle you don't need? The money is going in the wrong direction here.
Look, you've already got a cool Evo powered Dyna that's payed for you're good to go. Think wants vs needs.
i apid cash for my currant bike, ya it took me eating kd for 2 years, living without, ya its nto a brand new power monster but i dotn have a payment on it. the only 2 things i willing to add as monthly payments are a mortgage and my monthly insurance premiums. everything else is cash. since i am paying rent right now no mortgage, but my extra mnoney has been squarreld away in a savings accoutn to cover a house purchase, and i have roughly half down based on the currant housing market in another year i should have the other half saved up so i can pay cash for a place. then on to phase 3 building my business up again. basicly moral of my rant save your pennys keep your currant ride and when you got enough coin buy the biek you want outright
Elite HDF Member
Joined: Apr 2007
Posts: 4,984
Likes: 8
It's your money, if it was mine, I would walk away. 10K seems like a better price for an 07.
I would not want a used bike pushing that much power. As stated before, more worries about it breaking down. If money is tight, you need to stay close to stock, for reliability.
I think you have made a good choice, to save up for a toy. Life is a lot more fun if you are financially stable with some money in the bank.
I want a new (to me) boat. Every year I see a deal that seems to good to be true, and every year I pass it up. I have a boat fund, an envelope in my safety deposit box, I put some money in every month. One of these days, my boat motor will go bad. I will get out the envelope, explain to the wife why I need some extra money and buy my next boat.
If my Harley never get stolen or ran over, my grandsons will be arguing at my funeral for it. The loser will get the boat.
I would not want a used bike pushing that much power. As stated before, more worries about it breaking down. If money is tight, you need to stay close to stock, for reliability.
I think you have made a good choice, to save up for a toy. Life is a lot more fun if you are financially stable with some money in the bank.
I want a new (to me) boat. Every year I see a deal that seems to good to be true, and every year I pass it up. I have a boat fund, an envelope in my safety deposit box, I put some money in every month. One of these days, my boat motor will go bad. I will get out the envelope, explain to the wife why I need some extra money and buy my next boat.
If my Harley never get stolen or ran over, my grandsons will be arguing at my funeral for it. The loser will get the boat.
Last edited by tlb; May 6, 2013 at 06:17 PM.
Ultimate HDF Member
Joined: Oct 2010
Posts: 5,456
Likes: 2,860
From: SW FL-Jersey Shore Emigre
Good point, but bear in mind that something is only worth what someone will pay for it. Go back and beat them up on the price, you might be surprised at the deal you can hammer out.
Cruiser
Joined: Jul 2011
Posts: 203
Likes: 1
From: Sacramento Delta
You are actually doing 3 seperate transactions, buying a bike, getting a loan and selling a bike. Don't let the dealer lump those all together by saying, how much can you afford monthly. First settle on the cost of the new bike. Once you know the price, your payments willbe based on that and your credit. If they are too high, work at improving your credit and the monthly payment will go down. Finally agree on a price for your old bike. I've known people that bought a new bike or car and you ask them what they paid for it and they don't know, but they know the payments are $537.48 a month. Ask them what they got for their trade in, they don't know. Don't buy based on monthly paymnet, buy based on price.
Thread Starter
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Stellar HDF Member
Joined: Feb 2012
Posts: 3,293
Likes: 3,518
From: PA
[quote=dickey;11260149]You got a badass LowRider there, and an Evo to boot
Thank You....all good advice here. I guess in my original post I was just thinking out loud.
I think I am going to pass on the bike for now.
To answer a few questions, they offered me $4800 for my bike, they were asking $13,9 for the springer and since my credit isn't that great the interest rate was 20%
If my younger self was looking at this I would have bought the original bike I looked at there for a $400 a month payment...a 2013 deluxe with dealer installed V&H true duals, hi flow air filter, race tuner, 16 inch apes and all steel braided lines, custom grips floorboards tool box....they were asking $22850. This was the bike They ran my credit for but I knew I couldn't afford that payment.
Then the springer caught my eye.
Again Thanks for all the great advice...I think I'll keep the low rider!
Thank You....all good advice here. I guess in my original post I was just thinking out loud.
I think I am going to pass on the bike for now.
To answer a few questions, they offered me $4800 for my bike, they were asking $13,9 for the springer and since my credit isn't that great the interest rate was 20%
If my younger self was looking at this I would have bought the original bike I looked at there for a $400 a month payment...a 2013 deluxe with dealer installed V&H true duals, hi flow air filter, race tuner, 16 inch apes and all steel braided lines, custom grips floorboards tool box....they were asking $22850. This was the bike They ran my credit for but I knew I couldn't afford that payment.
Then the springer caught my eye.
Again Thanks for all the great advice...I think I'll keep the low rider!
Ultimate HDF Member
Joined: Feb 2006
Posts: 5,190
Likes: 5
From: Eastern Washington
What is the rate? Everyone says never finance a bike, but when I got mine they offered me 1.99%. So I took out a 48 month loan and paid it off in less than 36. All total I paid about $400 in interest. So I guess I could have waited and saved for 4 years then bought it with cash, but I said F it and rode it while paying it. I already was quoted a price below MSRP and I threw out an offer of $500 less than that so I was happy
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Seasoned HDF Member
Joined: Nov 2010
Posts: 17,548
Likes: 7,197
From: Oxford, Nc
"To answer a few questions, they offered me $4800 for my bike, they were asking $13,9 for the springer and since my credit isn't that great the interest rate was 20%"
Trust me on this, the first 6 payments would be tolerable for a "nice bike." But the 36th payment would kill you to keep paying it.
Trust me on this, the first 6 payments would be tolerable for a "nice bike." But the 36th payment would kill you to keep paying it.
