Okay guys, needs some more help as always, please! I followed "Bones77" and many of you all advice and waited for a little longer. After looking at some SG I found myself in a spot that I will not be able to afford such bike, or not quite yet. I am being honest to myself more than anything.
On the other hand, I found a great deal, 2007 FXST, bone stock with just under 5,000 miles going for $6,800.00 has ABS, 6 speed gear box and 96ci, one owner, just right. I forwarded the info to my credit union and I am looking at $24x.xx a month with full cover insurance (Geico). I can include the TTL into original loan with no money down for 48 months and will come out just shy of $7,400.00, bank is not willing to finance for 60 months because of year of bike.
This brings me to the next issue, being a 2007 with such low mileage, what should I be worried about or look for in the bike itself? I saw it personally and looks like it sat outside or near a salt/beach place since some of the fork area and covers are peeling a bit. No scuffs anywhere or signs of being dropped, I did not see any stripped bolts to lead me to believe some was swapped or so. Paint is still shiny as though, not bad at all. I check the tires and are not cracked, belt looks new as well but it will definitely need new brake pads. I am most worried about the gas tank being a POS if the owner didn't drain it correctly because after nine years, it had to be sitting at some point, he says it did sit for two years and drained it but who knows, besides I do not know how to check it. It cranked on first try but I know starter may be replaced soon if letting it sit for long, he said he replaced the battery as well. Spark plugs look shiny new so he might've changed it.


I am going to check it out tomorrow again but want to know on what to look for in these bikes, I want to make the right choice and not be stuck with a lemon. Feedback on loan agreements are welcome as well, is this a good deal or should I pass for now? Looking forward to read your responses.


By the way, my old bike is sold and my daily driver is for sale for the moment but will save the cash rather than placing it towards a bike.

 

I am pretty sure that bike does not have abs, which is a plus in my book.

 

agree,, no way I'd go for a 17% for a 7yr loan...

 

if you're still looking there are a few places you should go check out. I bought my bike at Republic Harley in Stafford (on 59 just outside the beltway) they probably sell way more bikes than anyone else in Houston and I got a decent rate there. I also have several friends who ride out to College Station to Independence Harly and say they get better prices out there. Finally, check with NASA Federal Credit Union, they always run great rates on used vehicles and are advertising 2.9% on motorcycles. Judging by the rate you're being told I"m betting you're shopping at Stubbs :P

 

What is the loan term/ rate for the payment you mentioned? Seems off to me unless you went lower than a traditional 48 month term….which I think you could get on an 07.

 

At 17 percent over seven years, you are paying for the bike twice. Don't do it, obviously.

If your credit is 650 to 700, they should be offering you something better. No bankruptcies?

I know Harley has special deals for service members. Might want to investigate that.

Or, just join a credit union.

Not to get preachy, but you might also want to see what is going on with your credit rating and if there's anything you can do to improve it.

Good luck and hope you find a scoot you love at the right price.

 

2nd that..

I got 1.7% through Service CU

 

I called and talked to Harley credit. They said the that what they offer the consumer is the convenience of being able to walk into a dealer and ride out with one of their bikes. That all they care about is that they sold a new Harley and completely plan on the consumer refinancing right away. And it makes sense to me. One stop shopping. Leave and refinance the very next day, or same day. Selling the bike is their only priority. They could care less about whether their financing division draws a profit.

Trying to work an outside finance company into the deal can be a pain, especially if you don't know what you're doing. If ease is what you're looking for, ride the bike home on the Harley loan and refi immediately. It's what everyone else does and is a piece of cake.

 

Oh, no. Trust me, they care if HDFS makes a profit, and they care a lot.

 

Ha ha yeah, I suppose Americans like to make money