HD Financing

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May 14, 2013 | 12:22 PM

#31

schlacker

Stellar HDF Member

Joined: Jan 2013

Posts: 2,380

Likes: 45

From: Twinsburg, OH

Quote:

Originally Posted by jeff6898

interest rate would be 24%.

That's horrible!

May 14, 2013 | 03:48 PM

#32

RobsSG

Cruiser

Joined: Aug 2008

Posts: 210

Likes: 1

Credit unions

Quote:

Originally Posted by jeff6898

Well my hope of buying my first motorcycle may be shattered. Went and looked at a 2013 Superlow and a 2004 XL883C. The new one was $10,280 out the door, and the 2004 with 21,000 miles was $5,385 out the door.
Applied for financing and my score was 642. I know not the best but the finance guy said the interest rate would be 24%. I told him there is no way in hell I will pay that rate. I told him to lower it way down. He said he can't as it is set by Eaglemark and they do not mark it up. So I walked out that is way to high of a rate.

Just a note: Try any credit union. You have to join (3.00) and then they will finance any vehicle. I had fianced my sons care with one and when I paid it off, they asked me if they could look at all my other vehicles. I refied my wifes car, my truck, another sons car and my Harley non of which was more than 4%. I saved tons of money, shortened the length of the loan and paid a smaller note on each. Credit unions are the bomb now, they seem to have money to lend!