Financed or paid up front?
#71
Took a 401K loan out and paid off the bike, now I'm paying myself back.....just one more year to ago on my 401K. Hell besides when I bought my scooter the market was dropping like a rock.
#72
surprised they let you borrow the money from your 401k for a bike. I knew you could do that for a home purchase, but a harley, pretty cool.
#73
i sold one of my Ferrari's and paid cash, then used the rest of the money to buy hookers and cocaine for the next week to celebrate.
WINNINGGGGGGGGG!
WINNINGGGGGGGGG!
Last edited by jo_mama; 01-06-2012 at 01:47 PM.
#77
Stellar HDF Member
Almost nobody admits to financing their bike....
I find that strange...
I have enough cash in the bank to buy my bike twice over and then pay for the mods to both of them. But I financed most of my bike...
Yep, put the money I was ahead in the Heritage, almost $6,000 down and financed the rest.
Why?
It's simple really. I think it is much easier to make my payment (about $300) each month than it is to save up nearly $24,000. My bank accounts never go down (unless I move the money to stocks or other investments) they only go up each and every year.
They say you are supposed keep at least 6 months living expenses available. I have closer to 4 years worth ready without touching my retirement.
I think having cash on hand and available is more important than not having a payment. That said the only payments I have are the bike, my wifes car and the house. Every bill, every credit card is always paid in full when recieved....
If I can't afford it , I don't buy it. That does not mean I don't finance it.
I find that strange...
I have enough cash in the bank to buy my bike twice over and then pay for the mods to both of them. But I financed most of my bike...
Yep, put the money I was ahead in the Heritage, almost $6,000 down and financed the rest.
Why?
It's simple really. I think it is much easier to make my payment (about $300) each month than it is to save up nearly $24,000. My bank accounts never go down (unless I move the money to stocks or other investments) they only go up each and every year.
They say you are supposed keep at least 6 months living expenses available. I have closer to 4 years worth ready without touching my retirement.
I think having cash on hand and available is more important than not having a payment. That said the only payments I have are the bike, my wifes car and the house. Every bill, every credit card is always paid in full when recieved....
If I can't afford it , I don't buy it. That does not mean I don't finance it.
#78
Used is a good way to go. I will likley go used next time. But, since this was my first Harley I didn't feel as though I had enough background knowledge to go that route. Now that I have had mine and worked on it, I would feel confident buying used nest time.
But, like i said that will be a way off. Luckily i do not have a car or bike payment right now. But accrued alot of credit debt in the divorce that I have to get out from under.
.
#79
Almost nobody admits to financing their bike....
I find that strange...
I have enough cash in the bank to buy my bike twice over and then pay for the mods to both of them. But I financed most of my bike...
Yep, put the money I was ahead in the Heritage, almost $6,000 down and financed the rest.
Why?
It's simple really. I think it is much easier to make my payment (about $300) each month than it is to save up nearly $24,000. My bank accounts never go down (unless I move the money to stocks or other investments) they only go up each and every year.
They say you are supposed keep at least 6 months living expenses available. I have closer to 4 years worth ready without touching my retirement.
I think having cash on hand and available is more important than not having a payment. That said the only payments I have are the bike, my wifes car and the house. Every bill, every credit card is always paid in full when recieved....
If I can't afford it , I don't buy it. That does not mean I don't finance it.
I find that strange...
I have enough cash in the bank to buy my bike twice over and then pay for the mods to both of them. But I financed most of my bike...
Yep, put the money I was ahead in the Heritage, almost $6,000 down and financed the rest.
Why?
It's simple really. I think it is much easier to make my payment (about $300) each month than it is to save up nearly $24,000. My bank accounts never go down (unless I move the money to stocks or other investments) they only go up each and every year.
They say you are supposed keep at least 6 months living expenses available. I have closer to 4 years worth ready without touching my retirement.
I think having cash on hand and available is more important than not having a payment. That said the only payments I have are the bike, my wifes car and the house. Every bill, every credit card is always paid in full when recieved....
If I can't afford it , I don't buy it. That does not mean I don't finance it.
#80
Anyone;
Just wondering, when was the last time you guy's paid in
cash? Was it a new Harley, which we know go for anywhere
from say 13K to 20+k, or anything over 9999.00
I've always paid cash, it was noted at the time of sale, but
my newest is a '05. Just two months ago I bought a new
Chrysler T&C loaded and paid cash, I swear I had to sign
about 25 sheets of paper and when I questioned the guy he
said most of was because of the cash. I never had such
a disgusting, time consuming experience in my life, and we
had nothing to haggle over as we got that done quick, no
warranty BS or extras.
BTW: as a side note, I love the T&C, it's night and day over
the older ones. Very well done.
Just wondering, when was the last time you guy's paid in
cash? Was it a new Harley, which we know go for anywhere
from say 13K to 20+k, or anything over 9999.00
I've always paid cash, it was noted at the time of sale, but
my newest is a '05. Just two months ago I bought a new
Chrysler T&C loaded and paid cash, I swear I had to sign
about 25 sheets of paper and when I questioned the guy he
said most of was because of the cash. I never had such
a disgusting, time consuming experience in my life, and we
had nothing to haggle over as we got that done quick, no
warranty BS or extras.
BTW: as a side note, I love the T&C, it's night and day over
the older ones. Very well done.