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The St. Paul H-D "Pledge", anyone see this yet?

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Old 02-26-2009, 09:45 AM
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Default The St. Paul H-D "Pledge", anyone see this yet?

First Hyundai, now Harley. LINK
 
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Old 02-26-2009, 09:49 AM
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Very interesting. Times are tough & companies will try anything on the hope it doesn't have to take it back. Interesting to see if other dealers do the same.
 
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Old 02-26-2009, 09:50 AM
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I've seen this "gimmick" at some of the automobile dealerships here in the Southeast ,I guess desperate time call for desperate measures to generate sales
 
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Old 02-26-2009, 09:53 AM
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Don't know of a pledge like that at any Harley dealers here in FL although Gainesville has waived all their Prep and Destination Fees and offer 3 years in house Free Service...
 
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Old 02-26-2009, 09:56 AM
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I think it is like us they purchase insurance that will cover their cost for a certain number of returns. Their bet is that the number of returns does not exceed their insurance. Just a cost of doing business in today's economy.
 
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Old 02-26-2009, 10:00 AM
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you "can walk away from UP TO $7500" in debt. hmmmm does that mean you get the money spent back? or does it mean if you owe up to $7500 you walk away free and clear? seems to me, you'd probably be better off selling the bike, if that's all you owed.

but hey... if it brings in MORE sales, and the buyers qualify for loans... it's a good deal (for someone)
 
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Old 02-26-2009, 10:16 AM
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Originally Posted by skootchnc
you "can walk away from UP TO $7500" in debt. hmmmm does that mean you get the money spent back? or does it mean if you owe up to $7500 you walk away free and clear? seems to me, you'd probably be better off selling the bike, if that's all you owed.

but hey... if it brings in MORE sales, and the buyers qualify for loans... it's a good deal (for someone)
Not debt, negative equity, which is good since they sell em for $20K and offer you $12k in trade........
The complimentary Pledge package under WALKAWAY covers the motorcycle owner in the
case of job loss or certain life-altering circumstances and allows them to walk away from up to
$7,500 in negative equity while keeping their credit rating and savings intact.
I'm very surprised anyone/anything harley has an offer like this. But then again, we've never seen times like these.
 
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Old 02-26-2009, 10:43 AM
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a dealer by my work here in Scottsdale ,Az is offering something similar.
 
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