Why do people finance harleys for 19+%?

Question

you are always saying "You're jealous you can't afford one" doesn't that intrest rate reflect poor credit scores and your ability to afford one? Why would finance an image? You people are not bikers you are wannbe's and never will be's

You're making willie b's. dream of selling substandard crap to people that are dreamers come true

19% is the average harley intrest rate
do your research. Funny how everyone, everyone knows paid cash for their bike yet the average rate is still 19%

Chopperriderfister sounds like you the typical wanna be that can't ride . let me know if your momma ever bring you here. I will fix your holster for you.

Answer 1

A very successful business man told me once..."you'll never get rich selling people what they need...you get rich selling them what they want." Soooooo...people that want Harley's will do whatever it takes to get one. And if the lending institution is doing it at 19% then they are simply following the advice I was once given. And so is Wlly G. because his marketing department makes people want an H-D.

Answer 2

Not sure where you checked to get your information from, but if it is true, then I must be an exception to the rule. I purchased a 2007 Harley Davidson Street Glide, with the 96 cubic inch engine, 6 speed, and most of the bells and whistles, including the Patriot Special Edition package, only available to veterans and active duty military personnel. I bought my bike, trading in my old Harley and placing the remainder of the loan, with my credit union, and my interest rate is 5.9%.
Now, if you own a car, I'd bet that you have it financed, no matter the car. So, are you saying that if you finance any form of transportation, then your a wannabe and not a "be"?
That would make you pretty high and mighty...or someone who likes to start arguments with people you don't know, and for whom you are either jealous or who actually are better than you.

Answer 3

I don't know where you heard that? Almost everyone I ride with pays cash. Even if financed a used Harley brings 12-15 grand which makes for a sizable down payment and a 5 thousand dollar loan on a 20 thousand dollar bike is more like 5%.
The only people I've known to get gouged with outrageous interest are kids with no ( or worse) bad credit that have to go to small (plain wrap) high risk lenders, you know like the 20 year olds who want a 1400cc sport bike as a first bike even though they only make 10 bucks an hour..

Answer 4

I used to work at a HD dealership in Fairfax, VA. People up there are rich. A lot of people pay cash. Sure there was your occasional redneck that would sell their kid for a bike, but most of these guys can afford it.

And if you think these people are ignorant I would do some research on HD. I'll put their quality up against anything else. Only an ignorant person would compare Harleys now to their old AMF days.

And like the other guy, I built my own bike. 100" rigid built by my two hands in my own garage. I'm no redneck. I'm a mechanical engineer who wears a tie to work that knows good quality. And just for refrence, I rode a Honda while I worked at HD. I would have traded that thing in for a Harley any day of the week.....too bad it's worth half of what a 20 year Harley is.

The bottom line is that people want what they can't have and a lot of people will do stupid things to obtain it. Open your eyes a little wider and you will see that people finance anything and everything that is too expensive for them. It's not just American motorcycles.

The only argument you may have against HD is that they use old technology. But if your pushrod engine isn't broke (and turns more torque than anything else out there) then why fix it?

Answer 5

"you are always saying"... nope, never said it. You just want me to.
If I can't afford it, I don't need it.
The last loan I took out was for the purchase of my house.
My rate was 8%.
The only bike I ever bought with payments was a Honda. No loan, just didn't transfer until it was paid for. A whole month.
The HD was paid for, plus. No loan.
Never had an auto loan either.
And in the end, the joke is on you. I have been many things in my past. Never a "wannabe", yet still a "has been". At least I has been something. And you?

Answer 6

Whoa, that's outragious. Luckily I got my Ninja for only 18% interest. I would never spend so much on an image. Though I did spend $300 on a helmet that matches my paint, and another $400 on a jacket that matches too. I hate these ma ma boy riders, though I live with my mom, that's not me. You sound cool harleyhater, we should have a Mountain Dew together and see if we can find girls to take our virginity.

Answer 7

I put 10k down and financed a $7500 balance at 5.99%.

Do you actually know of any body paying 19% ? ,I sure don't.

Those kind of rates are usually for unsecured loans or people with poor credit ratings.

Answer 8

It drops down to 18% if you give a kidney
really though, 19% is way high...for anything, but some people just gotta to have it: bike or image.

Answer 9

Everyone I know who rides a Harley reached in their pocket ,pulled out a wad and paid cash for theirs.
Financing any "toy" is irresponsible.

Answer 10

The fixed APR through Harley Davidson Credit will be between 5.99% and 14.19% depending on your credit history.