Well we didn't get the bike because when we got there He said the bike sold and he had to order. I thought when you went to buy the bike they heald the DAM thing for you. Then he tells me they need 10% down when we started to finialized the paperwork. Well that was it for me. I had to get up and leave I was so pissed off. We told them we would be back tuesday. (maybe).

Here's the deal. We got approved for $30,000.00 We traded in our bike. Got 20,000 for it. I owed $ 23,500 on it.
The SG cost with accessaries $22,547.00 Amount to be financed was $ 26,047.00 . The guy says Harley wants 10% down to do the loan which will be $3200.00 . ??????????? Im like you can count right ? He said yes. I said 10% of $26,047 is $2,604.00 . He says then well this is how much Harley said they wanted.

Now im about as pissed as I can get. I've never traded anything in in my life and had to pay 10% down also. Ive got good credit. My score was 697 . What the hell is this 10% down thing with a trade in and why is it so hard to do business with Harley salesman ? So my question is this if you guys will help me out

Is it normal to pay 10% on a Halrey loan ?
Is it normal to pay 10% down with a trade in ?
Are all Harley salesmen that hard to deal with ?

Thanks for the help guys

 

When I bought my new 05 EG I put $2,000.00 down. I dont remember the exact OTD figure, but I believe it was around 24K with warranty and everything. It was not through HD because a credit union gave me a better rate.

 

When I bought my Ultra last november I had no money in my pocket when I walked in and no trade. My credit score at the time was a little lower than yours.
Basically the dealer gave me the down payment and rolled it back into the loan. I guess if they want to sell one bad enough they will find a way to work with you.

 

Well by the numbers you listed, you are in the hole on your trade in, so it would take more than 10% of the bike price. First they have to pay off your old loan. At that point you need 10 %. Doesnt sound like they are screwing ya.[&:]

 

May I ask what you are trading in?

Absolutely NO SG is worth financing $26K for.......sorry, but I'd keep what I had until I walked in "better" on the deal.

 

I agree that paying 26,000 for a SG is too much. I have one and love it but still its alot. As for the 10% down, I say no way and shop around for a better dealer and not a stealer. The dealer I use in Tampa, Fl has yet to let me down or others I know who bought there. Like I said before its your money but you need to look at other dealers.

 

Sounds like you were $3500 in the hole on your trade-in for the pay off, so $3200 was about right. Also, I recently bought and Ultra and they wanted $1500 down in order to hold it for me for a month while the weather cleared and I got the finances in order. Agree with one of the others that it depends on how bad they want a sale, but with the payoff amount on your previous bike, it doesn't sound to me like they were too unreasonable. I understand how frustrating it can be when you are ready to deal and feel like the rug is pulled out from under you...

 

If your trade in had equity in it - then I would say no down payment is needed but your telling us you still owed $3500 more than the trade in value and that was added to your new loan?? not real sure where they came up with the $3200 vs $2600 - sounds like they really did not care if they made the deal or not?? Here in CA sales tax and lic fees are right at 10%. I have to agree with the poster above me - thats a lot for a street Glide - the payments have to be really high and how many years - However, life is short and if you can handle the payments and really want a SG - Go for it...

 

you can finance Harleys? just a thought but if you cant afford the bike what about all the clothes or chrome?

 

just did some quick math - finance {$26,047 less 10% (2,604)} $23,443 at 0% for 60 months ( 5 years ) comes out to $390.71 a month.Then there is insurance on top of that...

Better be a real nice ride