Harley Payoff

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Mar 20, 2008 | 09:43 AM

#11

RoadKing_Al

Road Captain

Joined: Oct 2007

Posts: 602

Likes: 2

From: Lakewood, N.J.

RE: Harley Payoff

Quote:

ORIGINAL: eglidetrike1

I had a friend pay his bike off in 3 months and they hit him with a thousand dollar sir charge for paying it off early.

That s..cks. Heard about that before. Best way is to borrow on your home, then you can deduct it on your tax returns.

Mar 20, 2008 | 09:52 AM

#12

SPARKY01

Road Master

Joined: Nov 2007

Posts: 1,181

Likes: 7

From: tomball tx

RE: Harley Payoff

just wish i could pay mine off...daughter @ lsu instead...geaux tigers

Mar 20, 2008 | 10:06 AM

#13

captjon37

Outstanding HDF Member

Joined: Sep 2007

Posts: 2,272

Likes: 3

From: Slidell, Louisiana

RE: Harley Payoff

Borrow on your home? never.

Mar 20, 2008 | 10:13 AM

#14

TexasRedneck

Elite HDF Member

Joined: Oct 2006

Posts: 3,945

Likes: 1

From:

RE: Harley Payoff

Quote:

ORIGINAL: captjon37
Borrow on your home? never.

AMEN! Figger on a 20k note @ 6% APR, yer gonna "save" what - mebbe 2-300 bucks/year on taxes, in return for puttin' yer HOUSE at risk if ya can't repay?!??

No thanks!

Mar 20, 2008 | 10:22 AM

#15

Firetender

Road Warrior

Joined: May 2006

Posts: 1,479

Likes: 4

From: SoCal

RE: Harley Payoff

If it makes you feel any better, you insurance costs will go down (in most states) as they charge more to insure and registeryou if there's a leinholder. Another reason to always pay cash and save the $5000 - $8000 in financing/registration/insurance charges.

Mar 20, 2008 | 10:23 AM

#16

Ram

Outstanding HDF Member

Joined: Sep 2005

Posts: 2,893

Likes: 2

From: USA

RE: Harley Payoff

Quote:

ORIGINAL: dt20

hmm i paid mine off from them and they sent me the title all i had to do was bring it to DMV to switch the name.

Plus One here.

Mar 20, 2008 | 10:23 AM

#17

TexasRedneck

Elite HDF Member

Joined: Oct 2006

Posts: 3,945

Likes: 1

From:

RE: Harley Payoff

Huh?!?? Ah've NEVER heard of chargin' more if there's a lienholder - it's never affected my insurance costs one way or another.

Mar 20, 2008 | 10:32 AM

#18

rsofa

Thread Starter

Road Captain

Joined: Sep 2007

Posts: 602

Likes: 0

From: Long Beach,Wa.

RE: Harley Payoff

Yes it was thru Harley finance but oh well it's a done deal now and it's MINE!!!!!

Mar 20, 2008 | 10:41 AM

#19

TexasRedneck

Elite HDF Member

Joined: Oct 2006

Posts: 3,945

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From:

RE: Harley Payoff

Quote:

ORIGINAL: rsofa
Yes it was thru Harley finance but oh well it's a done deal now and it's MINE!!!!!

Sorry - my bad...ah wuz referrin' to higher insurance rates on liened vehicles....never seen that before, since the insurance is for the VALUE of the vehicle, NOT who's gonna be paid for it. If they were chargin' more, ya needa different insurance company.