From: gary.rodgers@rcn.com (Gary)
Newsgroups: alt.motorcycles.harley
Subject: Re: ATTN:CREDIT ISSUES With Harley Credit
Date: 10 Apr 2002 10:54:58 -0700
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01dyna@my.house wrote in message news:<s4c8bu45bv5kgn0ljak8mt3v5f3m4a9civ@4ax.com>...
>
>
> ..interesting...so you refinanced through Peoplesfirst bank after the
> first year? So they refinanced under a used motorcycle loan? I don't
> mind refinancing and paying a few bucks more per month if I can cut
> off a year on the backend! Was there an interest rate difference?
> How long did the process take?

You get an answer in about an hour from when you apply - It may be
with conditions, but you get an answer. Today's going rates for a
Refinance (12-36 month term) is 7.99%. 37-60 month term is 8.25%

New bike purchase rates are 7.25% (12-36 mo.) and 7.75% (37-60 mo.)

I used peoplefirst to refi my bike. Smooth as silk. Only problem was
that HD Credit didn't follow the "peoplefirst" process, just cashed
the peoplefirst check and signed the title over to me. No problem,
Peoplefirst followed up about 6 weeks later, looking for the title
(funny how they are about that) to place a lien on.

Anyhow, I think they a good financial institution to do business with.
When I got my FXDL, HD Credit approved me for 10%, Dealer marked up
the rate to 13.99% and told me to "take it or leave it". I took it.
I asked about refinancing. Dealer said that there's a $1000 penalty
if you refinance in the first 6 months, after that, no charge. What a
crock. No mention of that in my contract anywhere. I refinanced very
shortly thereafter. Found out that if you payoff a HD credit loan
within 6 months of the closing, the dealer doesn't get his "share" or
kickback. Whoops, too f'in bad.

I was concerned that the Peoplefirst process was "too easy." Nothing
to be concerned about.

I'm a happy customer. Raised my bike payment a few $$ a month, and
took 2 years off the term. Works for me.

Just my 2¢

Gary
'00fxdl

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