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Nov 2, 2011 | 02:41 PM

leonm47

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Joined: Feb 2009

Posts: 93

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From: Grand Prairie, TX

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Hey Forum Members where is the best place to get a to get a good interest rate on a new bike. I'm getting the fever again.

Nov 2, 2011 | 02:45 PM

PistonPuller

Ultimate HDF Member

Joined: Feb 2006

Posts: 5,190

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From: Eastern Washington

I think most the the responses will be a local credit union. Seems they have the best rates.

Nov 2, 2011 | 02:57 PM

rkoivisto

Road Warrior

Joined: Jun 2008

Posts: 1,437

Likes: 80

From: currently an Okie

4.5%

I just got 4.5% through Harley. Don't think my credit union would do that.

Nov 2, 2011 | 03:13 PM

Indianspringsaz

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Joined: Sep 2006

Posts: 1,062

Likes: 4

From: Arizona

Quote:

Originally Posted by PistonPuller

I think most the the responses will be a local credit union. Seems they have the best rates.

I bet credit unions would be your best bet. Shop around, maybe the dealer can get you a better rate.

Nov 2, 2011 | 03:28 PM

Gruamach

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Joined: May 2010

Posts: 1,804

Likes: 4

From: St. Louis, MO

Quote:

Originally Posted by PistonPuller

I think most the the responses will be a local credit union. Seems they have the best rates.

+1

My CU actually has a different rate list for Harleys versus all other bikes. Only about 1/4 of a % lower, but still.

If you have USAA, try them as well. For my car loan and last Sporty, they not only gave good rates, but a 1/2 % discount when I set up automatic payments for the loan.

Though if a dealership can check multiple sources, you never know.
My wife thought she'd be going through our CU for her Fatboy, but the dealership managed to find a place that beat our CU by 0.1%
That's not much, but these days every dollar helps.

Nov 2, 2011 | 03:58 PM

carrmat

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Joined: Oct 2011

Posts: 755

Likes: 32

From: Delaware

I just got 4.74% for 36 or 48 months with automatic payments through my credit union on a used bike (although its the same for new as well). This was through my local credit union (of which I was not a member until I saw their rate and joined).

These days its easy to window shop online, I check several local banks and CU's all of which had their rates posted on their sites.

At a minimum you now know you should be looking for a 4-5% rate assuming your credit is half decent, anything higher and you should be looking elsewhere for financing.