For those of you who have recently purchased a new bike and financed it, who did you use for financing (dealer, bank, some other option) and what interest rate did you get?

 

My dealer hooked me up with a local credit union. He uses one bank and one credit union, plays them off each other, and the CU had the best rate, 3.99%. My credit is really good, so that obviously makes a huge difference when shopping around. Get your dealer to look at either a CU or a small local bank. I'm done dealing with the bigger banks (Wells-Fargo, Chase, BoA, etc) for loans. They suck. Good luck!

 

Credit union all the way. I wasnt going to finance untill i happened to check my employee federal credit union financing. they are offering 1.9% for up to 6 years. it was a no brainer for me. keep my cash in the bank and get almost free money from the credit union.

 

I was offered 2.9% by HD financing but my credit union beat it a 2.49%.

 

I just got 4.99%/48 month through Eaglemark Bank on my FXDC.
Wells Fargo quoted me 10.63%, *** dat.

 

All the CU I belong to have higher rates for motorcycles. All are over 8%. I ended going with HD at 6.75. I am thinking its time to shop around for refinancing.

 

Took advantage of the promo offering from eagle mark.

2.99% for 60 month.

 

I find Wells Fargo is the worst bank to deal with..
I also found out Credit Unions are the way to go...

Im on a different page since I bought a used motorcycle BUT just to show you the difference...

Wells Fargo told me my credit was really good and said "WOW the underwriters are offering you a credit card...you cannot apply for this credit card but you have to be offered it" so in my head im thinking "wow im going to get a good rate"...so i declined the credit card offer and they offered me 19.75% for 5 years.

Credit union offered me 6.99%.

I know 6.99 is high compared to what people are getting for brand new bikes but this was a personal loan as they did not do used motorcycle loans.

 

I'm @ 5.25% for 6 years via a bank local to the dealer.

 

Paid cash. It's amazing how much you can get a bike for when you show up with a wad.