I have a friend who works at a harley dealership and yesterday he wanted to show me what kind of crap they have to deal with everyday because I always accuse of having an easy job. So were looking over the dealers recent sales and in the last month they a total of 4 people payed cash for their bike out of 79 total sales and to top it off 53 of those people financned over 1000$ worth the clothes with their bikes and an additional 14 financed a few hundred worth the harley clothes. And most of the loans were for the full 6 years. So what does this say about the typical harley rider? And what does the average of a 19% interest rate say about their credit?
2007-07-06 03:51:23 · 30 answers · asked by Anonymous in Cars & Transportation ➔ Motorcycles
Those aren't credit card loans. Oh no, those are good old harley financial loans with a 19 % interest. Thats what they do to poor saps who just MUST HAVE that fake lifestyle but can't afford it. And as far as my debt goes I don't have much. My house and car are both paid for and so is my Honda 599 motorcycle. And I have never been in such poor finacial shape that I acctually had to finance my clothes. All I have is a credit card that use to buy gas because I get a 10% discount when I pay it off every month. Sorry if I struck a nerve with anyone but these are cold hard statistics from a dealership and they don't lie. So don't blame me for your problems harley fans.
2007-07-06 08:29:43 · update #1
By clothes I mean shirts, pants, and underwear etc etc etc with harley logos on them. They even have dog bones with harley logos on them and yes they have been financed before.
2007-07-06 08:36:43 · update #2
Because people love living life styles they can't afford.
2007-07-06 04:11:35 · answer #1 · answered by kb 3 · 3⤊ 0⤋
First of all, you are taking two different variables and drawing a conclusion. The "H" in Harley and the "D" in Davidson, also stand for High Dollar. Most "new" riders, don't want to wait and buy things one at a time, especially if the sales person is good. He/she will tell you that this leather jacket would look good, but it won't be around for a long time, in your size. So, add that $500. Then you need a helmet that has the HD logo on it. Sure, you can buy a HRG helmet for $50, but why, when you can have a Harley Helmet for $150? The list goes on and on from rain gear to boots, to gloves to goggles.
As far as their credit goes, if they were so bad, how do you think that they could be putting that much money on a credit card. When the interest rate is high, usually, the authorized amount is low, since the default rate is higher.
I own a Harley and have for years. Bought a bike, then purchased things as I needed them...like I waited to buy the gloves, when it got cold, not in the middle of the summer. Oh yeah, my credit card interest is 2.9%.
2007-07-06 07:18:48 · answer #2 · answered by auditor4u2007 5 · 3⤊ 1⤋
Well if you are new to the Harley scene and don't have the cash for the bike, the stage one kit, chrome package, all the Live to Ride knick knacks AND Motor Clothes then you just have to add it onto the bikes financing because you're going to have to pay cash for tattoos. If you don't have all this stuff when you ride your Harley none of the other Harley riders will wave to you which then lowers your status allowing you to drink only lite beer and one Jello shot. And for Pete's sake don't get caught out on the road or at the local bike night riding a dirty Harley or wearing a helmet and a shirt other than a Harley shirt. You will be ridiculed and then shunned. And Please if you are not a celebrity don't put anything original on your bike. If your bike looks better or different than everyone else' Harley you will not be allowed to hang with the other posers.
2007-07-06 04:57:31 · answer #3 · answered by blastabuelliac 4 · 3⤊ 2⤋
All this easy financing is starting to hurt Harley now. They are getting a lot of loan defaults and the dealers are being overwhelmed by used motorcycles. This could spell the end of the Harley Yuppie Era. Which will make all the real bikers happy, the prices will come down.
2007-07-06 14:23:42 · answer #4 · answered by Jethro M 2 · 1⤊ 2⤋
respected sort? None I placed on boots made interior the rustic--they extra healthful and that they final. My bike Week T-shirts might have the call on them, yet that may not what they are approximately. I in ordinary terms get a shirt if i bypass. I in ordinary terms get a pin if I trip. All my shirts have been offered on the same time as using jap motorcycles, specially Hondas. i've got no Honda outfits the two. I trip what suits decrease than me and that i like. I placed on what i like. My options are in accordance with my desires, no longer a company's advertising. Why ought to I pay reliable money to sell somebody elses stuff? If i'm a billboard, I ought to gets a commission. Re-study the different solutions on the subject of your techniques-set, I won't quote all of them. stay loose Or Die
2016-10-20 01:21:19 · answer #5 · answered by tamayo 4 · 0⤊ 0⤋
I think these people are trying to "buy a lifestyle." I see that a lot of it around here; people who used to look down their noses at people who rode Harleys and wore black leather are trying to be just like those people now.
The rush to hop on the bandwagon has allowed Harley to jack their prices for clothing and accessories, and these people pay the price to fit in. It's not that they're getting better quality, but the name is on the merchandise and in buying all the brand-name gear, they think they've purchased instant belonging and status.
These people, I think, are desperate to try to belong.
On the up side, their willingness to try to "keep up with the Joneses" is bringing the resale values of used Harleys down, giving true devotees decent prices on barely used bikes.
2007-07-06 05:06:33 · answer #6 · answered by American Girl 3 · 2⤊ 1⤋
I wouldn't say that's a typical Harley rider. I have a Harley and never bought any of their expensive crap. Can get parts and clothes at other places. Those are the people with a mid life crisis who will be selling their stuff in two years. That's not a "typical Harley rider" as you labeled them.
2007-07-06 09:27:59 · answer #7 · answered by Anonymous · 2⤊ 2⤋
What does it say about the typical harley rider? It says they are just like everyone else that goes into debt for something they want but don't want to save and pay cash for.
Ninety precent of cars on the road have a payment attached to them. National credit card debt is upwards of $60 billion dollars. Its just the way things are in America right now.
Its obvious that you are just a harley hater and this is just a new (and pathetic) way to bash them. Get a life.
2007-07-06 06:07:57 · answer #8 · answered by Sweet Baby Leroy 2 · 4⤊ 2⤋
well you got money management 101 down but if you delve in to the financial world you'l find a method to the madness and why even somebody with $200,000 in the bank may still go out and look for trinkets and babels like harleys and clothes to finance.
2007-07-06 15:04:10 · answer #9 · answered by vladoviking 5 · 1⤊ 0⤋
It means people want to let everyone know they have a harley - even when they aren't riding it.
It's a side-effect of buying a motorcycle that costs as much as a good car.
And that they can't afford the bike... or the clothes.
2007-07-06 04:12:56 · answer #10 · answered by Joe M 5 · 1⤊ 1⤋
They probably do it because it seems they get the clothes for free as the cost is rolled into their bike payment. Dealers recommend it because they get more money...
Why do so many people charge non Harley clothes to their credit cards?
2007-07-06 03:59:31 · answer #11 · answered by Percival 3 · 1⤊ 1⤋