How many finance their bikes?
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Cruiser
Joined: Feb 2005
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RE: How many finance their bikes?
ORIGINAL: Neggy ZRXOA 5248
The Blackbird isn't a fast bike.... if you wanted fast you should have gotten a ZX-12.
The Blackbird isn't a fast bike.... if you wanted fast you should have gotten a ZX-12.
Well I may end up financing one.....soon enough. I'm leaning toward an EG standard......in vivid black of course....
Cruiser
Joined: Dec 2005
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RE: How many finance their bikes?
I sell some bikes and the majority by far finance them for at least five years up to seven. They cost a pile of money but they hold their value well. You won't regret buying the Harley.
Cruiser
Joined: Jan 2006
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RE: How many finance their bikes?
I paid for my bikes ,
My personal rule is to not borrow for toys.
For some a Harley might not be considered a toy. It can be therapy we can all think of a good reason to buy one.
My favourite is" I'm realocateing my assets".
My personal rule is to not borrow for toys.
For some a Harley might not be considered a toy. It can be therapy we can all think of a good reason to buy one.
My favourite is" I'm realocateing my assets".
Cruiser
Joined: Jul 2005
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RE: How many finance their bikes?
My joke at work is something like the following:
Some smarta@@ sees my scoot and says: "Wow, you can't hide money!!"
I Reply: [color=#66FF00]"[color=#FF3300]Well, they're hioding the hell out of it from me, that's why they made credit!!"
No shame in credit, dude. I put about $5000 of hard-earned jack down, and financed the rest. 7 years...WOOO HOOO!!!! But, my payment is only around $260, and I pay more when I can. So, it ain't so bad...Lowest car payment I ever had....and by far the baddest ride I ever had. No regrets at all!!
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Some smarta@@ sees my scoot and says: "Wow, you can't hide money!!"
I Reply: [color=#66FF00]"[color=#FF3300]Well, they're hioding the hell out of it from me, that's why they made credit!!"
No shame in credit, dude. I put about $5000 of hard-earned jack down, and financed the rest. 7 years...WOOO HOOO!!!! But, my payment is only around $260, and I pay more when I can. So, it ain't so bad...Lowest car payment I ever had....and by far the baddest ride I ever had. No regrets at all!!
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Cruiser
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RE: How many finance their bikes?
For those who finance here's a dirty little secret that the dealers will never admit but is 100% true.
All dealerships (auto and motorcycle) have a extra profit magin they like to call "Dealer Reserve"; works something like this. The person in finance runs your credit report, contacts HD credit and faxes over the proposal; HD credit either approves or deny's the financing. If approved, HD credit (or GMAC, etc if an auto dealership). the approved financing is approved at a finance rate. Make a long story short, lets say HD credit approves you @ 6.99%, the finance manager at the dealership where you applied will write the contract + 3 points (at least 1 point, I have heard of as much as 10 points). So figuring the 3 point example, your approved 6.99% rate just jumped tp 9.99%.
EVERY dealership does this. I know this for a fact. My wife is the finance manager of a very large auto dealership here in Phoenix. Another suprising fact is that that those friendly folks working in finance, trying to sell you extended warranty's, etc., make well over $100,000 a year.
All dealerships (auto and motorcycle) have a extra profit magin they like to call "Dealer Reserve"; works something like this. The person in finance runs your credit report, contacts HD credit and faxes over the proposal; HD credit either approves or deny's the financing. If approved, HD credit (or GMAC, etc if an auto dealership). the approved financing is approved at a finance rate. Make a long story short, lets say HD credit approves you @ 6.99%, the finance manager at the dealership where you applied will write the contract + 3 points (at least 1 point, I have heard of as much as 10 points). So figuring the 3 point example, your approved 6.99% rate just jumped tp 9.99%.
EVERY dealership does this. I know this for a fact. My wife is the finance manager of a very large auto dealership here in Phoenix. Another suprising fact is that that those friendly folks working in finance, trying to sell you extended warranty's, etc., make well over $100,000 a year.