Like a well-oiled machine, Harley Davidson relies on a trusted financial partner to help customers rev up their dreams of owning one of their iconic motorcycles. But have you ever wondered which bank powers the engine behind this legendary brand?
Well, get ready to peel back the chrome-plated curtain and discover the financial institution that keeps the Harley Davidson dream alive. It's a story that intertwines passion, innovation, and the pursuit of freedom.
So, saddle up and prepare for a journey into the world of Harley Davidson's banking relationship that will leave you wanting more.
Key Takeaways
- Harley-Davidson offers financing options through Harley-Davidson Credit and Eaglemark Savings Bank (ESB).
- Financing terms vary based on credit history and loan term, with monthly payments structured to be manageable and affordable.
- ESB plays a crucial role in establishing ownership and banking relationships for Harley-Davidson.
- Additional services and products, such as comprehensive insurance coverage and extended service plans, are offered through financial partners, including H-D Insurance and H-D Visa Card.
The Early Financing of Harley-Davidson
During the early years of Harley-Davidson, the company offered financing options through Harley-Davidson Credit and Eaglemark Savings Bank (ESB), providing riders with flexible payment plans and attractive interest rates. These financing options were available to applicants who wished to purchase new Harley-Davidson motorcycles.
The financing terms varied based on the credit history and past credit performance of the applicants, as well as the loan term desired. The monthly payments were structured to be manageable and affordable for the riders, allowing them to enjoy the freedom of owning a Harley-Davidson motorcycle. The interest rates offered by Harley-Davidson Credit and ESB were competitive, making the financing options even more appealing to potential buyers.
Additionally, the financing options provided by Harley-Davidson Credit and ESB allowed riders to finance not only the cost of the motorcycle but also other associated expenses such as riding gear. This made it easier for riders to get everything they needed to start their Harley-Davidson journey.
Ownership and Banking Relationships
Harley-Davidson's financing program, offered through Eaglemark Savings Bank (ESB), plays a crucial role in establishing their ownership and banking relationships. With ESB as their chosen bank, Harley-Davidson is able to provide financing offers to their customers, subject to credit approval. The financing terms can vary based on factors such as past credit performance and the loan term. To make motorcycle ownership more accessible, Harley-Davidson offers low promotional rates for new and used motorcycles through ESB. Additionally, the company allows joint applicants for motorcycle loans, which can improve approval rates and result in better interest rates.
To give you a better understanding of the financing options available, here is a table outlining some key features of Harley-Davidson's financing program:
| Key Feature | Description |
|---|---|
| APR | Low promotional rates for new and used motorcycles |
| Monthly Payments | Vary based on loan term and credit approval |
| High Credit Tier | Preferred rates and terms for customers with excellent credit |
| Financing through ESB | Customers can finance their motorcycle purchase through Eaglemark Savings Bank |
| Simple Interest Method | Interest is calculated using the simple interest method, resulting in savings |
| Cancellation at Any Time | Customers have the flexibility to cancel their financing at any time |
Harley-Davidson's Financial Partners
One of the key aspects of Harley-Davidson's financing program is its partnership with various financial institutions. Eaglemark Savings Bank (ESB) is the primary provider of financing for new Harley-Davidson motorcycles, subject to credit approval. They offer flexible financing options, with monthly payments as low as $311 on select models when a 10% down payment is made. ESB also offers competitive rates, such as an Annual Percentage Rate (APR) as low as 6.59% for new motorcycles to Rider Training Graduates.
Harley-Davidson's financial partners extend beyond just motorcycle financing. They also offer additional services and products through their financial partners, including H-D Insurance, H-D Extended Service Plan, and H-D Visa Card. These options provide riders with the convenience of having all their financial needs met in one place.
It is important to note that while Harley-Davidson's financing program offers many benefits, it does come with some limitations. For instance, the financing offers are typically limited to Harley-Davidson motorcycles only. Additionally, the program is subject to credit approval based on the applicants' past credit performance.
The Bank That Supports Harley-Davidson
ESB, the financial institution supporting Harley-Davidson, offers a range of financing options for purchasing their motorcycles. Whether you're a seasoned rider or a new enthusiast, ESB provides flexible terms for monthly payments, allowing you to choose a repayment term that suits your budget. With low introductory APR rates, you can enjoy affordable financing for your Harley-Davidson motorcycle.
To give you a clearer picture, here is a table outlining some of the financing offers available through ESB:
| Financing Offer | Details |
|---|---|
| Low APR rates | Enjoy competitive rates on your Harley-Davidson motorcycle loan, ensuring you get the best deal possible. |
| Special offers for tier customers | ESB offers exclusive financing options for tier customers, providing additional benefits and incentives. |
| Dealer participation | Take advantage of dealer participation programs, which can help lower your monthly payments and make owning a Harley-Davidson motorcycle more affordable. |
| Cancellation and licensing fees | ESB covers these fees, making the financing process simple and hassle-free. |
| Repayment term tailored to your needs | Choose a repayment term that fits your financial situation, allowing you to comfortably pay off your Harley-Davidson motorcycle over time. |
ESB's financing options extend to both new and used Harley-Davidson motorcycles, ensuring that you can find the perfect ride for your preferences and budget. Whether you prefer the classic Vivid Black or have your eye on a custom paint job, ESB's financing solutions can make it happen.
A Look Into Harley-Davidson's Financial History
With a focus on providing comprehensive financial services, Harley-Davidson has established a strong presence in the market through its financing options, insurance offerings, extended service plans, and credit card program.
- Eaglemark Bank: Harley-Davidson offers financing through Eaglemark Savings Bank (ESB), providing customers with flexible options to finance their motorcycle purchases. ESB offers competitive interest rates and terms of the loan, allowing customers to choose a financing offer that suits their needs.
- Monthly payments: Harley-Davidson understands the importance of manageable monthly payments for its customers. Through ESB, they offer financing plans with affordable monthly payments, ensuring that owning a Harley-Davidson motorcycle is within reach for many.
- Dealer participation: Harley-Davidson's financing program involves dealer participation, allowing customers to conveniently secure financing at the dealership. This streamlined process makes acquiring a Harley-Davidson motorcycle hassle-free and efficient.
Harley-Davidson's financial history showcases their commitment to providing customers with a wide range of financial services. From flexible financing options to comprehensive insurance coverage and extended service plans, Harley-Davidson aims to provide liberation for motorcycle enthusiasts.
Whether it's through affordable monthly payments, competitive interest rates, or dealer participation, Harley-Davidson ensures that their customers have the financial support they need to embark on their motorcycle journey with confidence.
Conclusion
You've discovered the bank behind Harley-Davidson's financing, Eaglemark Savings Bank. With their low promotional rates and flexible terms, they provide options that fit any budget.
However, it's important to note that they don't offer refinancing or allow co-signers.
As you delve into Harley-Davidson's financial history, you'll find the bank that has supported their success. Excitingly, the ownership and banking relationships of Harley-Davidson have played a crucial role in their journey.
