Zero down zero payments 7 months 1.9 interest
Seasoned HDF Member
Joined: Mar 2008
Posts: 9,384
Likes: 1,776
From: Central Texas
Well i learned my lesson about credit! Seven years worth of payments,
I've paid six years and nine months and I'm almost done. A lot of
things can go wrong with life in general in a seven year period so
be careful. Take a calculator with you and multiply how much your
payments will be by how many months, and see if the bike is really
worth that much to you. I wish that I would have done this.
I've paid six years and nine months and I'm almost done. A lot of
things can go wrong with life in general in a seven year period so
be careful. Take a calculator with you and multiply how much your
payments will be by how many months, and see if the bike is really
worth that much to you. I wish that I would have done this.
Road Warrior
Joined: Apr 2010
Posts: 1,542
Likes: 5
From: Cleveland, OH
7 months with no payments, but I'm sure the interest builds from day 1. They're giving you a better rate but you'll be accruing 7 months of interest on the full price of the bike including tax before you make the first payment...$$$
Thread Starter
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Advanced
Joined: Mar 2009
Posts: 76
Likes: 0
From: Houston Tx.
Sorry, I should have been a little more clear. I have the link below to the dealership offer:
1.9 APR
No down payment
6 months no interest
7 months 1st payment
Go to the main page and click on the number 2 to see the offer (if it does not automatically rotate to it).
What do you guys make of this, what is their gimmick??
http://www.republichd.com/
1.9 APR
No down payment
6 months no interest
7 months 1st payment
Go to the main page and click on the number 2 to see the offer (if it does not automatically rotate to it).
What do you guys make of this, what is their gimmick??
http://www.republichd.com/
Road Warrior
Joined: Dec 2012
Posts: 1,335
Likes: 5
From: CT
And at the end of 7 months (can't believe it's that short a term) you will have to refinance. In 7 months all you payed on was the interest, no principal! At lot of money right down the drain. And now you have to go out and finance again-at what rate? Make no sense to me.
Sent from my Galaxy Nexus
Last edited by 12hdrk; Jan 6, 2014 at 08:49 AM.
Outstanding HDF Member
Joined: Sep 2006
Posts: 2,878
Likes: 164
From: Northern California
The HD does not show your finance offer. This means you are looking at a specific dealer offer. They are more than likely doing a finance "buy down". That means the dealer pays the lender to make the offer. If I am correct about this, they are charging a higher price to take care of the buy down.
A motorcycle is a want, not a need. I recommend walking away. Don't stretch yourself to buy a bike, you probably will regret it. Better to save up and buy what you can with cash. Nothing takes a persons freedom like debt.
I am speaking from personal experience. Best of luck to you.
A motorcycle is a want, not a need. I recommend walking away. Don't stretch yourself to buy a bike, you probably will regret it. Better to save up and buy what you can with cash. Nothing takes a persons freedom like debt.
I am speaking from personal experience. Best of luck to you.
Road Master
Joined: Feb 2011
Posts: 1,120
Likes: 4
I've seen these kinds of promotions at car dealers before, only after you make a deal and apply for the loan do you find out that they don't apply if your credit score is under a certain number........if it's lower than say 790 you don't get the deal. Keep in mind you are still going to pay interest (during the life of the loan) on the seven months you didn't have payments. I don't believe in free lunches and neither do banks.
Intermediate
Joined: Dec 2013
Posts: 37
Likes: 5
From: Texas
And credit score may have been a factor - over 750 ....
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Joined: Mar 2010
Posts: 96
Likes: 1
From: Spring TX
Sorry, I should have been a little more clear. I have the link below to the dealership offer:
1.9 APR
No down payment
6 months no interest
7 months 1st payment
Go to the main page and click on the number 2 to see the offer (if it does not automatically rotate to it).
What do you guys make of this, what is their gimmick??
http://www.republichd.com/
1.9 APR
No down payment
6 months no interest
7 months 1st payment
Go to the main page and click on the number 2 to see the offer (if it does not automatically rotate to it).
What do you guys make of this, what is their gimmick??
http://www.republichd.com/
Thread Starter
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Advanced
Joined: Mar 2009
Posts: 76
Likes: 0
From: Houston Tx.
Sorry to hear about your layoff, I was as well in 09. However, my credit is close to 700 but I'm not sure if I can qualify.
I don't mind the down payment, I would like the lower interest and maybe payment delays.
I will be calling tomorrow to check it out. Mancuso harley is starting a similar deal tomorrow as well to compete.
I don't mind the down payment, I would like the lower interest and maybe payment delays.
I will be calling tomorrow to check it out. Mancuso harley is starting a similar deal tomorrow as well to compete.