When you talk to your credit union, tell them what you want to do. Make sure that the % will remain the same on a "used" bike. Since you'll be taking posession of the bike, it will become used and some credit unions have a higher interest rate versus new. You want to make sure you don't get caught in a trap. Also, ask the dealer what the outright purchase price would be and what he will charge you if you finance with HD. After you get the price, if it's lower, you can see if HD will lower their interest rates.

Ain't purchasing a new vehicle a bitch!

 

Whatever gets you the best deal!

 

I've heard some bad things about Harley finnacing. Like when you go to pay off early there is still some add on charge of some sort.

So it's not like what you are thinking. It is suppose to be principal only, but it's not.....................and if you think asking the salesman about it, forget it. All he knows how to do, is fill out the paper work.

 

Who are the stealers in this thread. Why lie about it and tell the dealer your gonna finance, when that is not your intent at all, your intending to decieve the dealership, finance, pay it off the 1st month, so you can get it cheaper. Kinda seems like starting off on the wrong foot. If you can live with yourself doing that go for it, you and only you have to live with your choice.
If the shoe was on the other foot (meaning you owe more 1 month later) I bet the responses would be, "that dealer LIED to me" "Stealers thier all the same".
Why not be truthful, tell them I will finance but I plan to pay it off the 1st month they may still give you extra discount, maybe not. At least you know you were not decieving or lying.
I'm not on the dealers side I just don't like deception in any deal.

 

I can't speak for all financing arrangements, but typically there are conditions on the "broker fees" paid to dealers for financing. In my limited experience with dealer financing, the dealer/broker gets shafted on the broker fees if the loan pays off in a short period of time. Trying to short the dealer by paying off a loan at the 1st payment due date might get you a better price on a bike once....but probably never again.

But you shouldn't focus on the financing anyway if you want the best deal on the bike. Talk to the dealership owner. Tell him/her you are willing to pay cash now ... or you'll move on to the next nearest dealership. Focus on the deal, not the financing. See if the salesperson will forfeit part of his commission. Complain about the "document fees". See if they'll throw in the detachable backrest you've been wanting. Negotiate, Negotiate, Negotiate.

 

Thank you all for the advise. Hope to see soon.

 

+1 Negotiate ..

 

What world are you living in? Any way you look at it someone is gonna get corn holed. If your willing to take it so you can live with yourself then your a better man than me. If someone is gonna wake up with a sore *** I'm gonna try as best I can it not be me.

 

I must be, because I am not into decption in a deal. negotiate.. I don't and won't lie to get a good deal.

 

Whoa! I wasn't suggesting that you lie. Absolutely be up front with the dealer on this issue. I've don't this before, told the dealer I was planning to either refinance at the credit union or pay it off, and they've had no problem with it. They've even had advertised specials where they knock off the cost of several upgrades (wheels, ABS, Cruise control) if you purchase through HD finance. I told them up front that I would rather finance through my credit union and they told me I could do the initial financing through HD and then pay it off. Now, this wasn't a bike that I ended up buying, so I don't know for sure how it would have worked out, but there was no deception involved.

Even if you're willing to deceive to get a "better deal", you need to think about the long run. Assuming this is a dealer in your town, you're going to be going in there for parts, service, HOG events, rides, etc., etc., etc. You don't want to be dodging the salesman, finance manager, or anyone else for that matter every time you go in.