first, thanks to jovimon for taking the time to answer a few PMs I sent him.

Just wondering how a financed trade up would work. I know the basics about it, but I guess my naggin question is about the finance charge. I have a Sportster that I love but feel I want a bigger bike in a few months. So if I opt to trade up, will the finance charge already set for the sporty be INCLUDED IN FULL with the new finance charge for the bigger bike? OR will that finance charge for the sporty be adjusted for the new financed amount on the new bike.

Example: 1000 finance charge for firstbike. the finance charge for the new financed amount is 2000. will the 1000 be added to the new finance charge?

Dont really think its a fair deal to have to pay the full finance charge on teh first contract trying to trade up the bike, but I cant say I dont think that it happens that way.

If someone has experience with trading up, the help understanding this would be much appreciated. I know Im going to take a hit overall, but Im hoping for some decency on Eaglemark Savings part.

 

they take your bike in trade your loan is paid off if you owe more than the trades worth you either pay the difference or depending on how up side down you are (owe more than it worth )
sometimes they can roll the difference into your new loan.

JR

 

Yep. $1,000 loan and a $900 bike equals $100 added to the cost of new bike. $900 loan and a $1,000 bike equal $100 toward downpaymnet on new bike.