Rev up your curiosity and hit the road to uncover the interest rate on Harley Davidson motorcycles. Wondering what it takes to finance your dream ride? Well, buckle up because we've got the details you need.
From the factors that influence Harley-Davidson interest rates to the current offers available, we'll guide you through the gears and help you pave the way to the best financing options.
So, grab your helmet and let's explore the world of Harley Davidson interest rates together.
Key Takeaways
- Harley-Davidson offers flexible loan terms ranging from 24 to 96 months for both new and used motorcycles.
- The APR for new motorcycles can be as low as 6.39%, while for used motorcycles it can be as low as 7.79%.
- Financing options are available for new, used, and private party motorcycle purchases.
- Factors such as credit history, credit score, and financial stability play a significant role in determining the interest rates offered by Harley-Davidson.
Overview of Harley-Davidson Interest Rates
Harley-Davidson offers flexible loan rates and terms for financing new, used, and private party H-D motorcycle purchases, with APR as low as 6.39% for new motorcycles and 7.79% for used motorcycles. This means that you can get a great interest rate on your motorcycle loan, making it more affordable for you to own your dream bike.
When you finance your motorcycle through Harley-Davidson, you have the option to choose from different loan terms ranging from 24 to 96 months. This flexibility allows you to find a payment plan that fits your budget and lifestyle.
The financing is provided by Eaglemark Savings Bank (ESB), a subsidiary of Harley-Davidson. The monthly payments you make on your loan will depend on factors such as the amount financed, your credit history, and the term of the loan. It's important to note that fees may apply, so it's a good idea to review the terms and conditions of your loan agreement.
If your credit performance or financial situation changes over time, you can contact the bank to discuss any potential adjustments to your loan term or payment amount. Harley-Davidson is committed to helping you find the financing option that works best for you, so you can hit the road on your new motorcycle with confidence.
Factors That Influence Harley-Davidson Interest Rates
Factors such as financing options, special offers, H-D Flex Financing, Rider-to-Rider Financing, and other considerations can influence the interest rates on Harley-Davidson motorcycles. When it comes to financing a Harley-Davidson motorcycle, there are various factors that can affect the interest rate you receive. Let's take a closer look at these factors in the table below:
| Factors That Influence Interest Rates | Description |
|---|---|
| Financing Options | Harley-Davidson offers flexible loan rates and terms for new, used, and private party motorcycle purchases. |
| Special Offers | Special financing benefits are available for new riders, active military personnel, and rider training graduates, with reduced rates, $0 down payment, and flexible term options. |
| H-D Flex Financing | Provides an alternative way to purchase a motorcycle with attractive monthly payments and the ability to return the motorcycle at the end of the term, similar to a lease. |
| Rider-to-Rider Financing | Offers financing for qualified individuals buying a used motorcycle from a private party, with specific terms and application details available online. |
| Credit Approval | Your credit history and credit score play a significant role in determining the interest rate you qualify for. |
| Motorcycle Models | The specific Harley-Davidson motorcycle model you choose to finance can also impact the interest rate offered. |
| Loan Term | The length of the repayment term can affect the interest rate, with longer terms usually resulting in higher rates. |
These are just a few of the factors that can influence the interest rates on Harley-Davidson motorcycles. It's important to keep in mind that interest rates can vary and are subject to change. To get the most accurate information about current interest rates, it's best to reach out to a Harley-Davidson dealership or visit their website. Remember, as an applicant, you are responsible for fees, charges, and any applicable sales tax. It's always a good idea to read the terms and conditions of any financing offer carefully before making a decision.
Current Interest Rate Offers on Harley-Davidson Motorcycles
When considering purchasing a Harley-Davidson motorcycle, it's important to be aware of the current interest rate offers available. Here are some current interest rate offers on Harley-Davidson motorcycles:
- Flexible loan rates and terms: Harley-Davidson offers flexible financing options for new, used, and private party H-D motorcycle purchases. This allows you to choose a loan term and rate that best fits your financial situation.
- Special offers for new riders and active military personnel: Harley-Davidson understands the importance of making motorcycles accessible to everyone. They offer reduced rates and $0 down payment options for new riders and active military personnel, making it easier for them to own a Harley-Davidson motorcycle.
- H-D Flex Financing: This financing program provides an alternate way to purchase H-D motorcycles. It offers attractive monthly payments and gives you the option to return the motorcycle at the end of the term, providing flexibility and freedom.
Knowing the current interest rate offers allows you to make an informed decision about financing your Harley-Davidson motorcycle. Keep in mind that these offers are subject to credit approval and may have conditions and limitations. It's always a good idea to reach out to Eaglemark Savings Bank, the financial services arm of Harley-Davidson, or your local Harley-Davidson dealer to get the most up-to-date information on the financing options available to you.
How to Qualify for the Best Interest Rates on Harley-Davidson Financing
To qualify for the best interest rates on Harley-Davidson financing, it is important to meet certain criteria and demonstrate financial stability. Harley-Davidson offers flexible loan rates and terms for new, used, and private party motorcycle purchases. They also have special financing offers for new riders, active military personnel, and rider training graduates. For example, new motorcycles can have rates as low as 6.59% APR. Additionally, H-D Flex Financing provides alternate options with attractive monthly payments and a lease-like return option. Active military personnel can take advantage of financing offers with $0 down payment and reduced rates, along with flexible term options. If you're looking to buy a used motorcycle from a private party, Harley-Davidson offers Rider-to-Rider Financing for qualified individuals.
To qualify for the best interest rates, it's important to have a good credit score and a stable income. Lenders typically offer the best rates to borrowers with a credit score of 700 or above. It's also important to have a low debt-to-income ratio, meaning that your monthly debt payments are a small percentage of your monthly income. Demonstrating a history of responsible financial behavior, such as making payments on time and maintaining a low credit utilization ratio, can also improve your chances of qualifying for the best rates. By meeting these criteria and demonstrating financial stability, you can increase your chances of qualifying for the best interest rates on Harley-Davidson financing.
| Financing Offer | Qualification Criteria |
|---|---|
| New Rider Financing | Must be a new rider |
| Military Financing | Must be an active military personnel |
| Rider Training Financing | Must be a rider training graduate |
| Rider-to-Rider Financing | Must be buying a used motorcycle from a private party |
Tips for Comparing Interest Rates and Finding the Best Deal on Harley-Davidson Loans
If you're looking to secure the best deal on Harley-Davidson loans, it's essential to compare interest rates and consider these tips:
- Shop around for the lowest interest rate: Take the time to research and compare interest rates from different lenders. Look for a loan with a low Annual Percentage Rate (APR) to save money over the life of the loan.
- Consider the loan term: Longer loan terms may offer lower monthly payments, but they can also result in paying more interest in the long run. Evaluate the trade-off between lower payments and the overall cost of the loan.
- Factor in additional fees: Some lenders may charge origination fees or other hidden costs that can significantly impact the total cost of the loan. Be sure to compare the total cost of each loan option, including any additional fees.
Taking these steps can help you find the best deal on Harley-Davidson loans. By comparing interest rates, considering the loan term, and factoring in additional fees, you can make an informed decision that aligns with your financial goals.
Conclusion
So, if you're considering financing a new Harley-Davidson motorcycle, be sure to check out the current promotional rates starting at 1.99% APR* offered by Eaglemark Savings Bank.
Keep in mind that not everyone will qualify for these rates, but it's worth applying online to see if you can secure a great deal.
Just remember to review the website for more information and disclaimers regarding financing options.
Don't miss out on the chance to ride off into the sunset with a fantastic interest rate!
