getting out from harley credit
#21
07-08-2009, 11:01 AM
meh....I didn't research this...I am basing it on experience. So if I am way off....just mail the bullet to me and I will make sure and shoot myself
#22
07-08-2009, 11:08 AM
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Join Date: Jun 2009
Location: Sicklerville, NJ
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#23
07-08-2009, 11:15 AM
Cruiser
Join Date: Mar 2008
Location: Morristown, NJ
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Are you SURE about this. On a $25k loan at 10% for 5 years....you only end up paying about $2200 in interest over the life of the loan. Dropping an entire year off the note would had to have been one hell of a drop in interest (like 20% down to 4% or something along those lines).
meh....I didn't research this...I am basing it on experience. So if I am way off....just mail the bullet to me and I will make sure and shoot myself
meh....I didn't research this...I am basing it on experience. So if I am way off....just mail the bullet to me and I will make sure and shoot myself
Your math is a little off, you would pay almost $7000 in interest with those #s. and your payment would be about $530 a month.
http://www.bankrate.com/calculators/...alculator.aspx
#24
07-08-2009, 11:21 AM
I'm in this boat as well. I always go to me credit unions before I buy a vehicle.
#26
07-08-2009, 12:53 PM
The Schlong Man
1% difference in rate on $15,000 over 5 years is about $7 per month. Don't waste too much time shopping around.
#27
07-08-2009, 12:58 PM
The Schlong Man
Although you haven’t said it, if you’re buying a house and have any equity in it, you’ll not only get a better interest rate with a home line of credit, refinancing or second mortgage but you’ll also be able to deduct the interest you paid on your Schedule A if you itemize your federal taxes.
You'll also have a clear title. Just a suggestion…
You'll also have a clear title. Just a suggestion…
#28
07-08-2009, 01:12 PM
Road Captain
I can't believe Harley is charging 17 percent. When I bought my 08, I owed about 10K more than I had in cash. My score was/ is near 800. They wanted like 14%. I called the credit union and got 6% and I can manage it on-line with no penalties for early payment.
#29
07-08-2009, 02:07 PM
Road Master
I financed through HD as well and got the same rate you did. On my previous bike I tried to refinance and I went through Capital-One and after they sent me the check, they said they didn't realize it was a motorcycle and then wouldn't honor the check. Costs me some insufficent funds fees, etc. with the leinholder. I was not happy. Yet they will refinance RV's? Dumb. Since I already have a couple of loans with my credit union, they wouldn't refinance my new bike. So I feel stuck.
