To payment or not??
Road Warrior
Joined: Dec 2012
Posts: 1,590
Likes: 2
From: North Carolina
Just talking out loud....Was at a dealer this past sat with a buddy of mine who was getting 5k service done. While there was looking at bikes new and used. Saw a few that I liked. Now in the past I have never let the dealer run my credit because I knew it would not get approved . I did a lot of dumb things in my younger days That I am just starting get past now.
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 ????
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 ????
Last edited by Rootro; Oct 17, 2013 at 07:23 PM.
Road Captain
Joined: Apr 2013
Posts: 603
Likes: 0
From: Tennessee
Tons of Bikes out there....I am on a 09 Street Glide I bought this spring....I was having chrome put on right around when the new 14's came out...Looked at them ...really love the new changes....but Mine is paid for....and it really seems to ride so much better being it is...Take your time find what you want....Payments are OK if your really want one and can afford the note...Harley is really good on reporting to the credit score folks..and can help your score as long as you pay on time....but that being said if your late or miss a payment...they are really good on reporting that also...
Seasoned HDF Member
Joined: Aug 2011
Posts: 11,814
Likes: 5,120
From: SW Ohio
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.
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.
Road Warrior
Joined: Sep 2011
Posts: 1,817
Likes: 116
From: Raleigh, NC
It can indirectly be a financial asset in that so many things, fairly or not, are influenced by your credit rating. It can impact how much you pay for insurance, interest on other loans, credit limits, as well as influence job opportunities.
Seasoned HDF Member
Joined: Aug 2011
Posts: 11,814
Likes: 5,120
From: SW Ohio
Without trying to sound trite; people who have a history of not paying on time or not paying at all should expect to encounter these hurdles. In most cases, it's a very telling insight to one's ability to manage resources and their ethics. The vast majority of people who file bankruptcy do things like financing non-essential items in the face of having limited cash resources and other essential items on their last leg (a 10 year old car for example).
It's like being a not so good motorcycle rider. They can go down the road, but fail to plan for the inevitable conflicts or have skills in reserve to deal with them when they arise. They can get away with it, but eventually it comes to call. In most cases, the foundation of financial insolvability can be traced back to spending or borrowing that wasn't on the top of the "you gotta have this to survive" list.
Last edited by Campy Roadie; Oct 18, 2013 at 11:48 AM.
Thread
Thread Starter
Forum
Replies
Last Post
anubisss
General Harley Davidson Chat
35
Apr 6, 2009 10:01 PM
