Time to Buy????
Ultimate HDF Member
Joined: Mar 2009
Posts: 6,146
Likes: 471
From: along the Front Range in Colorado
...... i got an extended warranty on my '05 when i bought it used ..... it paid for itself, but i didn't buy another extension
Outstanding HDF Member
Joined: Feb 2012
Posts: 2,053
Likes: 39
From: San Diego
If you want to be rich, you gotta live poor.
If you want to be poor, you gotta live rich.
Your current bike is fine. Put the money you were going to spend on an extended warranty and use it to pay down your loan.
Then ride your current bike with pride. Don't let your ego drive you into the poor house.
Very little real difference between your bike and a new one.
If you want to be poor, you gotta live rich.
Your current bike is fine. Put the money you were going to spend on an extended warranty and use it to pay down your loan.
Then ride your current bike with pride. Don't let your ego drive you into the poor house.
Very little real difference between your bike and a new one.
Extreme HDF Member
Joined: Dec 2007
Posts: 13,402
Likes: 941
From: Illinois
Call Suzie Orman's show. She will give you good advice.
Not like my advice. If you can make those payments then you could have set aside the same amount until you could have paid cash.
Total up the interest amount since the first bike. I'm sure it was enough to buy a bike. You're throwing away good money. Each bike is costing you 50% more than paying cash. That my friend is dumb.
Time for a wake up call.
Not like my advice. If you can make those payments then you could have set aside the same amount until you could have paid cash.
Total up the interest amount since the first bike. I'm sure it was enough to buy a bike. You're throwing away good money. Each bike is costing you 50% more than paying cash. That my friend is dumb.
Time for a wake up call.
Last edited by lh4x4; Feb 21, 2013 at 11:26 PM.
Thread Starter
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Road Master
Joined: Apr 2008
Posts: 1,000
Likes: 5
From: S.E. NC
but you owe $16,000 on your bike right now, so you've got to add that to the loan amount. 20k + 16k = $36k... then you take your trade in off of that figure. kbb shows trade in value around $13.6. so if they give you $13, you're looking at $23k now. if you're lucky.
only you can answer the question of whether it is right for you. i'm not gonna say 'don't finance your toys', cause i've financed all 6 of my harleys. i've paid them off early (except for the one i'm paying right now), but don't let the shiny chrome blind you and make you do something stupid.
unless of course, one of the bikes you're looking at is a road glide. then do whatever it takes
only you can answer the question of whether it is right for you. i'm not gonna say 'don't finance your toys', cause i've financed all 6 of my harleys. i've paid them off early (except for the one i'm paying right now), but don't let the shiny chrome blind you and make you do something stupid.
unless of course, one of the bikes you're looking at is a road glide. then do whatever it takes
damn spring fever
Novice
Joined: Feb 2013
Posts: 17
Likes: 1
From: lower burrell pa
i just put a down payment on a 2010 road king they wanted 1500 for the first year and 600 per year after that . that is 3500 for a 5 year warranty thru harley . is there any other company that offer a warranty
Seasoned HDF Member
Joined: Jan 2007
Posts: 20,616
Likes: 4,440
From: anacoco, la
do a search on here. there are several threads that recommend a dealer to get the extended warranty from.
you do not have to buy it at the time of purchase, just sometime before your factory warranty expires. and you do not have to buy it from the same dealer you bought your bike. that price quoted is way too high.
you do not have to buy it at the time of purchase, just sometime before your factory warranty expires. and you do not have to buy it from the same dealer you bought your bike. that price quoted is way too high.
Extreme HDF Member
Joined: Dec 2006
Posts: 10,045
Likes: 36
From: ST. Louis
I wouldn't trade if all you are concerned about is having a warrenty.
In 2 years you are going to owe over $20,000 and then be out of warrenty again.
I personal wouldn't buy an extended warrenty, but I can afford to pay for any repairs I might have.
I have a friend who basicly lives paycheck to paycheck and couldn't afford a $2,000 repair bill, so I can understand why he needs the extended warrenty.
Keep your bike and buy some warrenty for your peace of mind.
In 2 years you are going to owe over $20,000 and then be out of warrenty again.
I personal wouldn't buy an extended warrenty, but I can afford to pay for any repairs I might have.
I have a friend who basicly lives paycheck to paycheck and couldn't afford a $2,000 repair bill, so I can understand why he needs the extended warrenty.
Keep your bike and buy some warrenty for your peace of mind.
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Road Warrior
Joined: Feb 2007
Posts: 1,270
Likes: 1
From: Atlanta, GA
How long is your current loan? 7 or 8 years? If you get a new bike via a trade, never go over 5 years on the financing. If you do the trade, don't finance the negative equity you have in your 09 Ultra. That will help you from being so far underwater.