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[skratch]

Always demand an "SLA" (Straight Line Amortization), as opposed to a "Rule of 78", contract.  The Loan Officer will probably looked shocked when you ask for that, with a smile on your face of course, as he, or she, will recognize immediately they ain't dealing with an amatuer. 

haven't seen a rule of 78 loan in over 15 years.  every car i've bought since and every bike has all been simple interest.  does anyone still offer rule of 78?

[JCZ]

If the bike is less than 12 months old, you can refinance at a credit union as "new" and get the lower interest rate.

I belong to three credit unions however, when I was looking to buy used, I got my best rate 1.75% at Bank of Stockton and I'd never done business with them prior.  However, they only finance locally.  Point being to shop around your local financial institutions.

[Rooster]

Rule of "78" Good one. Ol Hub been around awhile bringing that up 

[FLSTFI Dave]

HD offered me 2.9% when i got my 17 couple weeks ago

Back in 09, I applied with HD for my 2009 SERG, they gave me a 8.99% or so rate, with me having a 798 credit score.  I went with USAA at 4.99.  Then for the 12 SERG USAA was 5.99.  Same with the 13 SERK, 15 SERGU and now the 17 SESG. 

Had i realized HD was now doing good rates I would have tried them again as my score is 801 right now.

[skratch]

it was a shock for me as well.  I went in with financing already pre-arranged.  the salesman said 'lets run your credit and see what they say'.   when it came back 2.9, I was pleasantly surprised.  my local cu was over 5.  so I went with eaglemark.

[FLTRCVO]

Back in 2009 Harley Financial Services offered 3.99% on the CVO for 48 months and MB Financial offered 1.99% for 48 months; 2.9% for 60 months at the time I had never heard of MB Financial.

[Jerzboy739]

Thanks guys all great advice.  I got screwed.  Gonna join a local credit union.  Never belonged to one.  I'll go from there and try to refinance it as new also if I can, its only 6 months old.  Gotta do better somewhere.  I appreciate all the responses.  Bill

[Texas 103]

Bought my '16 CVO RG . HD was offering a 1.99 simple interest loan . Dealer bought it down a point. Ended up with a .99 interest rate. Press hard bottom is yours... Think I can put some cash in a coffee can in the back yard and at least do that good to offset the interest..lol

[TNCarters]

Don't think our local credit union has branches up your way but they are at 2-3% depending on length of loan.  Best bike rates around unless some type of special promotion.  Funny story, I went in to open an account and did not fit any of their member groups.  They said but if you make a $5 contribution to their favored charity they will let you join anyway.
https://www.southeastfinancial.org/resources/rates/loan-rates

Check the credit union rates before joining.  My other credit union for federal employees does not finance bikes.

[Pita]

Is  your 8.9% rate for 72 or more months? The rate is higher for the 72+ month loans versus 60 months or less.

For those w/excellent credit, rates are 0.99% for 60 months /or less on 2016 model year.

With an 850 score, Eagle offered 3.99 on a 2017 CVO 2 1/2 weeks ago, so curious how someone scored a 2.99% rate from Eaglemark w/801 (excellent score) unless it was a 48 month term.

Call around (credit unions, your local banks, etc) and ask if they finance motorcycles, and if so, what are the rates for specified terms (36, 48, 60 months).

Example: $35,000 loan at 3.99/60 months is $644 and change versus $726 and change at 8.99/60 mos or $630 and change at 72 months---compare that to the 3.99/60 months and that's an extra year of $600 plus per month or roughly $7k more at 72 months or approx $ 4,900 more at 60 months.

[jmanderson6]

my credit union Suncoast schools federal credit union in florida I'm at 1.75 for 6 yrs credit score in the good range.

[BostonboyDH]

   Maybe a little off topic but I remember when the maximum length even on a car loan was only 48 months

[68 XLCH]

   Maybe a little off topic but I remember when the maximum length even on a car loan was only 48 months

250 dollars down, 90 dollars a month for 36 months, 65 Chevy, 327, 300 HP, 4 speed, super sport.

I had a pretty good job, running IBM machines, 125 dollars a week.

Then i got drafted.

[CmeO]

Is  your 8.9% rate for 72 or more months? The rate is higher for the 72+ month loans versus 60 months or less.

For those w/excellent credit, rates are 0.99% for 60 months /or less on 2016 model year.

With an 850 score, Eagle offered 3.99 on a 2017 CVO 2 1/2 weeks ago, so curious how someone scored a 2.99% rate from Eaglemark w/801 (excellent score) unless it was a 48 month term.

Call around (credit unions, your local banks, etc) and ask if they finance motorcycles, and if so, what are the rates for specified terms (36, 48, 60 months).

Example: $35,000 loan at 3.99/60 months is $644 and change versus $726 and change at 8.99/60 mos or $630 and change at 72 months---compare that to the 3.99/60 months and that's an extra year of $600 plus per month or roughly $7k more at 72 months or approx $ 4,900 more at 60 months.

That's 3.99 for how long of a term? .... dealer told me 3.99 for 84 month right now for tier 1 ...