Need Help Pulling The Trigger
Elite HDF Member
Joined: Apr 2009
Posts: 3,780
Likes: 69
From: Al Bu Ker Key, New Mexico
CD, was that an installment loan at your credit union or simple interest?
Just got off the phone with my "salesman" and he is telling me 84 months at 6% but can knock that down to as low as 4% if I put 40% down. He is REALLY pushing the HD Finance route. Meeting this Saturday for round one of negoiations.
Just got off the phone with my "salesman" and he is telling me 84 months at 6% but can knock that down to as low as 4% if I put 40% down. He is REALLY pushing the HD Finance route. Meeting this Saturday for round one of negoiations.
Road Warrior
Joined: Aug 2009
Posts: 1,926
Likes: 185
From: Utah
If you're financing, make arrangements with your credit union for "permanent" financing, but still make the purchase using the HD financing. Use that to get a better price out of your dealer. Then pay off the HD credit with the credit union loan. Best of both worlds.
Road Master
Joined: Feb 2009
Posts: 922
Likes: 1
From: Riverside, TX
the dealer DOES make money on the finance! I would play their game, get a better price, agree to finance but make sure no early payoff penalties. they will go lower on the price if they think they'll make money on the finance. finance, then immediately send a check off to finance company and pay off!
Road Master
Joined: Dec 2008
Posts: 803
Likes: 0
From: Northern, NJ
CD, was that an installment loan at your credit union or simple interest?
Just got off the phone with my "salesman" and he is telling me 84 months at 6% but can knock that down to as low as 4% if I put 40% down. He is REALLY pushing the HD Finance route. Meeting this Saturday for round one of negoiations.
Just got off the phone with my "salesman" and he is telling me 84 months at 6% but can knock that down to as low as 4% if I put 40% down. He is REALLY pushing the HD Finance route. Meeting this Saturday for round one of negoiations.
Cruiser
Joined: Oct 2009
Posts: 186
Likes: 0
all dealers get "kick backs" from the finance company...called "points". This is why a specific dealer, example Honda will put your paper work in with...let's say Capital One versus Honda Finance because Capital One is got a deal for the dealer better then Honda Finance. I have found the best deal is to go in and talk vehicle/bike price specifically. They want to get you talking payments, because it's easier to hide profit.
Road Warrior
Joined: Dec 2006
Posts: 1,352
Likes: 7
From: Keene, CA
Thinking of doing the HD Finance thing myself on a new 2010 SG. Does anyone know what rates are being quoted assuming stellar credit rating? I suspected the Dealer might get some $$ for running thru HD Finance as my "salesman" is really pushing it as soon as he heard me mention my bank for financing. A simple interest loan is unheard of these days and you can pay it off anytime without losing on the interest. This is a BIG plus if you have to finance. Not many of us can choke down $25K in a single bite.
We financed a 2010 Street Glide through Eaglemark (HD's finance arm) in December. 60 months at 6.49%. We were in the top tier, so I guess they've gotten more desperate on rates.....
Last edited by 2011 Road Glide Ultra; Feb 18, 2010 at 03:27 PM.
HD Forum Stories
The Best of Harley-Davidson for Lifelong Riders
7 Surprising Harley-Davidson Products that Are Not Motorcycles
Verdad Gallardo
8 Best Harley-Davidson Motorcycles Ever
Pouria Savadkouei
10 Worst Harley-Davidson Motorcycles Ever
Pouria Savadkouei
Killer Custom's Jail Break Is The Breakout That Refused to Blend In
Verdad Gallardo
Crazy Bunderbike Build Looks Amazing, But Is It Impossible to Ride?
Verdad Gallardo
Harley-Davidson Reveals Super Cool Cafe Racer Concept
Verdad Gallardo
Engraved Rebellion: Inside Bundnerbike's Glam Rock II
Verdad Gallardo
10 Motorcycles You Should Never Buy
Joe Kucinski
10 Things Harley-Davidson Needs to Fix in 2026
Verdad Gallardo
Road Master
Joined: Feb 2009
Posts: 922
Likes: 1
From: Riverside, TX
Play their game, let them think they can finance it, get a better deal (cause they're gonna make money on finance), then pay it off before your first payment is due. same scenario as paying cash!
Novice
Joined: Feb 2010
Posts: 18
Likes: 0
Man, where are you guys getting 3%? I've got great credit and my credit union's website is showing 7.24-14.24% and the other (less desireable but still credit union) is showing 8-18%. What credit union are you guys using?