A little experience here for you....My hubby and I just bought a brand new Harley 1200 custom from Harley itself...was financed thru the bank that Harley uses. I have a discharged bk (Feb 08) Hubby's credit is not wonderful as he went thru a divorce and crappy credit, but, has had a new vehicle since last Sept that we pay faithfully. We were approved for a 10K loan @ 14% interest, and monthly payments a little more than 250.00 per month....loan is for 6 years. The reason I didn't care that the loan ran 6 years is because the Harley will not lose it's value. We can trade it in later and get more of a bike if we want, even if we add to it now and trade later. When I researched doing the loan. I knew exactly what I could afford monthly...I also figured in my insurance. I went with Geico insurance which was the cheapest I found for full coverage on a brand new bike...My payment is 29.00 and change for a months coverage. I set my goal at 300.00 a month, and got myself under it by like 20 bucks..but..I knew going in exactly what we could afford. You will find that the Harley dealership will work with you to help you get what you want, and for a reasonable price. They will want 10% down, which is required for their loan program. If you have your heart set on a Harley (I know we did), do some figuring and see what you can afford.
You can post whatever the h&*^% you like...I was giving an honest example of a payment that can be achieved. If I want to pay what I'm paying for MY Harley, then so be it, it's re-establishing my credit, which was my intent...and no...thank you very much...MY down payment was my stimulus payment, so NO..it didn't come out of my pocket! And when I do sell it...I'll get my money back for sure. I guess you've never owned one have you?! This was my experience and I wanted to help....buying a USED piece of crap, trading it later on, won't even get a down payment for a new one, and your right back to square one with a piece of crap motorcycle that no one wants!
