| Author |
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Mr_incognito
| | Posted on Sunday, June 27, 2010 - 10:13 pm: | 
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I went into the local HD dealership here the other day because they were having a "KBB +1000 on all trade ins!"....turned out to be a bunch of crap, they didnt really use KBB just "average trade in rate". They offered me 3500 bucks for my 1125R and they said it was because HDFS wont even finance Buells anymore since they went under. He said they have to look at independent banks when they try to sell a Buell. Gotta love that new CEO of HD. He seems like a swell guy (sarcasm). |
Budgolf
| | Posted on Monday, June 28, 2010 - 06:49 am: |
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Well, I think calling it discrimination is a little harsh. And even if you could call it that, I don't think choice of motorcycles is covered under the Bill of Rights Bro.
I just really think the Hogs are stacking up on the floors all over the country. No one is buying them. And as much bad press H-D has gotten about the condition of the company, even people that can afford them are a little leery. The cost of the Buells has already been absorbed. So other than taking up space, they really aren't hurting anything sitting there. I'm no economist, but I think it's common knowledge that in bad economic times, you lower your prices as much as you possibly can, advertise as much as you can, offer every incentive you can,and sell everything you can. H-D isn't doing that. And you damn sure don't loan money out at 1% interest like they are advertising when you borrowed said money at what, 14%?
All I know for sure is that I'm a member of the military, there are severe ramifications for me if I don't pay my bills. I've got an excellent record with them and Harley could have made a few grand in interest off of me, but decided to pass. Go figure. |
Ratbuell
| | Posted on Monday, June 28, 2010 - 08:02 am: |
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H-D isn't doing that.
That's because "image-conscious" HD is worried about devaluing the brand.
Let's face it. If image is 95% of your brand...you have to keep it up. Bargain-basement fire-sales on your "high-class" and "very desirable" product? Puts it in the same class as Honda or Kawasaki. |
Pittsburgh_guy
| | Posted on Monday, June 28, 2010 - 08:30 am: |
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That's because "image-conscious" HD is worried about devaluing the brand.
Maybe they will re-make Harley Davidson and the Marlboro Man....LOL |
Oddball
| | Posted on Monday, June 28, 2010 - 09:31 am: |
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I guess they are much like this- in regard to the economic conditions of themselves and everyone else. They haven't seen that their brand is devalued whether they like it or not. They can hold their noses high as the golden parachutes carry them over their subordinates in the bread lines.
The Moco's moves will always be late and little. It's sad really. Individuals trying to sell bikes clearly see the used values aren't what they once were. The glut of machines with limited buyers drags everything down, including the new values.
How long you think till they're asking for bailout money from the feds? That or Warren will call in his markers and a new Buffet-Davidson empire will begin. |
Froggy
| | Posted on Monday, June 28, 2010 - 09:51 am: |
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quote:How long you think till they're asking for bailout money from the feds?
Welcome to last year. I don't know if they actually got it, but they did attempt to get federal money when all the banks were applying. |
Oddball
| | Posted on Monday, June 28, 2010 - 01:38 pm: |
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I know they went through the motions to keep options open but they haven't yet screamed "Buy Us Too Emperor Obama" |
Kirb
| | Posted on Monday, June 28, 2010 - 02:39 pm: |
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The only part of this thread that has me shaking my head is that people are using HD to finance bikes. I've never found rates they quote as being anywhere near my credit union. I beat them by 3% or more..some were not even new!
Find a good credit union and stick with them for loans. A good one will take care of you and work with you, not against. HD is using the finance arm to stear buyers into bikes that are not selling. That part I do understand.
As with anything, a good credit rating helps. |
Froggy
| | Posted on Monday, June 28, 2010 - 03:05 pm: |
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quote:The only part of this thread that has me shaking my head is that people are using HD to finance bikes. I've never found rates they quote as being anywhere near my credit union. I beat them by 3% or more..some were not even new!
I got both my 1125's financed for 3.99% for 36 months from HD. 
(Message edited by froggy on June 28, 2010) |
Rsh
| | Posted on Monday, June 28, 2010 - 03:31 pm: |
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Just as the housing market tanked with banks offering loans to people that really could not afford them.
Harley Davidson did the same thing by approving people for loans that could not qualify for a loan anywhere else.
It was and still looks to be easier to get approved for a Harley loan than most other manufacturers or banks.
With sales in the dumpster, HD seems willing to do most anything to move bikes, even repeating what got them into trouble in the first place. |
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