I am curious what the current interest rate is for preferred risk borrowers with Harley Davidison. When I checked a few months ago, I was told 6-7%. Today, the dealers wont discuss the interest rate with HD. The HD website appears to reflect a minimum interest rate is 9.5% interest. Is this correct? I am looking at a Road Glide Custom.

Thanks,

DRW

 

HMM.. does this look like CNN or something? LOL just kiddin...

my suggestion would be to not use HD financing and instead use a local bank or credit union is even better. You can't beat their int rates and if a credit union, they'll likely give you 1 interest rate to start and tell you that if you make 6 or 12 months of payments on time, they'll lower the rate. If they don't tell you this, ask them about it. That's what I did, started at 6% and they dropped it to 3% after 6 months of timely payments...

 

HD couldn't get within a full percent of what my Credit Union could.

Plus, by getting "pre-approved" through your bank/CC, you are in a better dealing position at the dealership. You can walk in knowing what your financing will be and just haggle "I want this bike at XXXXX price."

 

Actually getting pre approved will help you in knowing how much you can afford, but when it come to haggling you are better off letting the dealer think they are going to finance you. They will come down on price if they think they are going to make money on the loan as well. let them run your credit and when they come back with a final price, let them know what you have for financing and see if they can match or beat your rate. Chances are they will. They don't always have to use Eaglemark bank. They can also use local banks and unions

 

I got an e-mail from the MoCo just yesterday offering 4.9% on new bikes. Ya might want to check them out.

 

I would never finance through Harley Davidson. If you have good credit you can get a better deal elsewhere. Harley quoted me at somewhere around 10%-12% and my bank offered 5.25%. I did the math and if I had gone through Harley I would have paid an extra $5500.00 for the same bike!

 

Got 4 1/4 the last of June on my new Limited. I prefer the credit unions. I find the friendlier and eager to want my business with great rates.
Jeff 2010 Limited

 

there are some upside to harleys financing as well though. i became disabled years back and got my credit ruined until my disabilty kicked in. i went from almost perfect credit to awful credit. harley recently financed a used bike for me whereas no one else wanted to help. i was/am very appreciative.

head

 

Credit Unions are the way to go. Only problem, if you add to much chrome, you have to get another loan.

 

I got 2.9% through a credit union the dealer uses back in July.