To payment or not??

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Oct 17, 2013 | 09:50 AM

#71

nighttrain72970

Tourer

Joined: Oct 2008

Posts: 360

Likes: 0

From: O'fallon, Missouri

Look on Ebay!! Plenty of low mileage bikes on there! Way cheaper than buying from a dealer!

Oct 17, 2013 | 10:30 AM

#72

hvacgaspiping

Seasoned HDF Member

Joined: Apr 2013

Posts: 32,851

Likes: 17,888

From: Newcastle, OK

Quote:

Originally Posted by Tampakingpin

Dickey - I tend to find your posts interesting. You like a little uglier women than I do and seem to shy away from popular culture, but your buying advice is classic.

And Dickey may be right about the twin cam Harley engine. Read this article. It scared the hell out of me: http://www.jamesrussellpublishing.bi...buyharley.html

Oct 17, 2013 | 10:49 AM

#73

mrmarklin

Road Warrior

Joined: Jul 2008

Posts: 1,426

Likes: 90

From: People's Republik of Kalifornia

I see I'm opposite of most of you. I always finance my vehicles 100% if possible. Just don't fall into the trap of "gap" insurance they may try to sell you

I have good credit and very good monthly cash flow, so that helps. My current car payment is a good sized house payment in most parts of the country.

Since I'm buying a depreciating asset, if the SHTF I like to let the lender take all the risk.

Oct 17, 2013 | 11:04 AM

#74

jwhardin

Road Master

Joined: Feb 2012

Posts: 1,000

Likes: 0

From: flyover country

Quote:

Originally Posted by Scudda

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 ????

buy it. you only live once.

Oct 17, 2013 | 11:19 AM

#75

mmancuso

Road Warrior

Joined: Sep 2011

Posts: 1,817

Likes: 116

From: Raleigh, NC

Quote:

Originally Posted by carlgrover

Run Forrest, RUN!!!!!!!!!!

Get out of the stupid dealership! Much cheaper buying from a private party. Save your money. I saved for 3 years to get my Road King. Payments are for suckers.

carl

Really? How much interest did you get on that money that you didn't use for the three years that you weren't riding the bike that you wanted?

Guess I'm a sucker because I'll take the payments and enjoy the ride added to my life rather than do without all those years so as not to be a sucker.

My best friend and his wife just purchased a factory new cage. He could have written a check for it. Asked him why he didn't, and his reply was that he'd lose more interest using that money then he would by paying with financing.

There are some good reasons not to finance, like can't afford the payments, but there can be very good reasons to do so.

PS: You can usually get some sort of a warranty from the dealer. What warranty do you get purchasing privately other than "Good luck!"?

Oct 17, 2013 | 02:18 PM

#76

T's Toker

Cruiser

Joined: Sep 2013

Posts: 104

Likes: 1

From: ca

just bought a 2013 FLSTC for $17,750 out the door. the payment is $270. a month. ok here what I did . one pack cigarettes $6.20 smoke a pack and a half a day = $9.00 a day x 30 days = $270. a month. so I take that money a make the payment. so its a win win. no longer smoke and have a new bike to ride at no extra cost to my monthly budget.

Oct 17, 2013 | 02:23 PM

#77

upflying

Seasoned HDF Member

Joined: Aug 2013

Posts: 35,822

Likes: 38,675

From: Post Falls, ID

Your credit rating just went down a notch just by having the dealer run a credit check.

Oct 17, 2013 | 02:29 PM

#78

Scudda

Thread Starter

Stellar HDF Member

Joined: Feb 2012

Posts: 3,293

Likes: 3,518

From: PA

Thread resurrected...lol

I ended up with a 2005 Fat boy from the dealer. I ma very happy that got it..love the bike!!
Hell I just got a brand new 2013 Tacoma 4x4 2 weeks ago.

Life is good *knock on wood !!

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Oct 17, 2013 | 07:04 PM

#79

rob0225

Road Master

Joined: Oct 2012

Posts: 1,240

Likes: 82

From: Columbus, GA

I won't tell you a loan is a bad thing (I financed my bike). But if your bike is paid off and no pressing need to upgrade stick with the no payment. My truck has been paid for almost three years now and I so want a new truck but I LOVE not having a truck payment and my current truck runs well and still looks good.

Oct 17, 2013 | 07:05 PM

#80

tar_snake

Stellar HDF Member

Joined: Nov 2010

Posts: 3,118

Likes: 1,146

From: Directly above the center of the Earth

Quote:

Originally Posted by Nomadmax

Making payments on a motorcycle is not likely to improve your financial position.

That's debateable. My credit was garbage, utter and complete garbage. Got on disability and it got even worse...didn't think it could, but it actually did. It got so bad that the bank I'd been with for 8 years (and now 13) at the time wouldn't even look at me to let me borrow $100.

Somehow the place I got my bike wrangled a way to let me make payments for an new (at the time) bike. My credit over the past 5 years has gone from a pile of dog crap to 696 credit rating (I know, that's nothing to brag about, but it beats 400's and less!). Because of this, I was also able to clear up some other 'problems' and my bank now will loan me anything I want, within reason.

One *MUST* however be absolutely diligent with their payments and *never* miss one if at all possible, as that *will* make a huge difference.

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