Motorcycle Forums banner
1 - 10 of 10 Posts

·
Registered
Joined
·
1,126 Posts
Do you have a Job?

Does it pay you in money (as opposed to "blow" or vegetables)?

Are you breathing?

Well then, COME ON DOWN TO HARLEY-DAVIDSON! We got Road Glydes, we got Electra Glydes, and we got Astro-Glyde! (to help with the insertion of the MSRP)

Don't miss the LAST CHANCE (this week) to get yourself on a New Harley - and Get yer *** on..............

(all sales final. 15%APR is for qualified buyers only. qualified buyers may ride-away with their dignity mostly-intact. unqualified buyers may qualify to finance a t-shirt. some on-sale models may be Girly-Bike Sportsters. not everyone who qualifies for financing should be riding so much as a tricycle. rinse, lather, repeat. if I had to explain, you wouldn't understand. somebody stop me; before I subreference again.)
thanks, I needed that laugh this morning but H-D had been raping their customer base for 7 or 10+ years selling the bikes so far above fair market value (as determined by H-D themselves) that now they are selling them at a fair price but people that bought a bike from them 2 years ago now have the old motor, old chasis, and still owe more then the new redesigned model is selling for.
Yes, accepted lending practices also had alot to do with it no dobut but the lending leniency coupled with the overnight reduction in the value has caused alot of problems at the bank. there may be a suprlus of new and year old repos soon. I have to credit H-D for being able to create such a desire for their bikes in the first place but the harley market crashed just like real estate.
 

·
Registered
Joined
·
1,126 Posts
"but H-D had been raping their customer base for 7 or 10+ years selling the bikes so far above fair market value (as determined by H-D themselves)"

So if they were above 'fair market value', how exactly did they sell any? I don't want to say that this was a stupid statement until you answer.
I guess anything is worth what you can get for it, as they clearly demonstrated but the hindsight now they could've been a little more reasonable in their pricing then and it woludnt be affecting them as much now. cant blame someone with a 07 or 08 electra owing 20K being bitter when the 2010's are sitting there right now for 21K. I know locally theres alot for sale for more then the dealer is wanting for a new one. also the waiting list is gone
 

·
Registered
Joined
·
1,126 Posts
sure if I found out I was sitting on some kinda goldmine I'd profit the best I could but if in a long term business situation like this I'm sure theres a few things H-D (and several other companies MC related & otherwise) wishes they had done differently

heres a stretch but please keep an open mind look at beanie babies the first one sold for $3, the last one sold for $3 in resale they sold for $20, but Ty kept selling them at a fair margin regardless of demand, the Rubix Cube, another example, noone could keep them on the shelves either, they coulda made it a factory direct only sale item at $50 and probably still sold out all they could produce but they diddnt

I know toys and motorsports are different industries and typically noone factors life expectancy or resale value into a toy purchacing decision but Im using them as a better economic decision that they companies made. They each coulda capitalized on their awesome product with an awesome demand during an awesome economy but they remained streamlined to their origional business plan, make a reasonable profit with a good product

(sorry got a little mushy here)
I want to say I'm not bashing H-D although it may appear that way and nothing personal against yours or anyones personal decisions. I love motorcycles in general more then I love the badge on the tank. I had a bicycle as a kid with a plastic gastank (complete with removable fuel cap) baseballcard & clothespin for motor sounds and rode the tires off it knowing something bigger was there, then at 14 got a Pugh moped black with gold mag wheels and 2 gears even after getting my driving permit and a car I rode it cause it had 2 wheels and thats where my heart was. We all love the joy our bikes give us and lets enjoy them how we chose
 

·
Registered
Joined
·
1,126 Posts
I'll also add that my bike of choice if finances diddnt matter would be a Road Glide with single headlight front faring & tour pack primarily due to it being an awesome bike and the fixed faring and unmatched aftermarket support
 

·
Registered
Joined
·
1,126 Posts
"When he rode away, he was the happiest guy in Fort Lauderdale."

How is that possible when you guys raped him?
he was raped hog tied, no lube no reach arround raped
14K for a sportster = rape
cashing out 401K for any motorcycle = stupidity
 

·
Registered
Joined
·
1,126 Posts
I was an active participant in the Eaglemark Bank fiasco. In 03/04 I was selling bikes for Rossmeyer both on the sales floor and via the Internet. I think it's hard to realize now just how desperately people wanted a Harley. And I think the Beenie Baby analogy is valid, the same MUST HAVE IT AT ANY COST hormonal rage applied (people paid hundreds of dollars for those things, and were happy to do it).

Eaglemark had few rules: you had to have owned a home for 5 years, or you had to be at your job for 2 years. If you didn't owe child support or have an active IRS tax lien, you were good to go. The rates were really high, 21% was the low end, they maxed at 33%, but people still bought. You had to have 10% down, but even that was easily skirted by bringing in an old frame and title. We'd value it up and then add that on the back end. There was a lot of creative paperwork done too; single income families suddenly became 2 income families...job letters were...well, you get the idea.

I remember a grown man crying in the middle of a busy sales floor when I couldn't get him financed. He'd been there all day, he'd gone from an Ultra to a Dyna to a Sportster, the F&I lady did every trick she could think of, he couldn't get financed. A few days later he showed up with cash; he'd closed his 401K and taken the IRS hit, pawned a coin collection, etc. to raise the $14k OTD price we were charging for a Sportster Custom. When he rode away, he was the happiest guy in Fort Lauderdale.
interesting to hear from the inside I wonder if he dumped it would he get the 14K he paid or the 10K they shoulda sold it to him for? But with those loose lending criteria, if you dont qualify your lucky to have food on the table, and at those rates anyone would be a fool to borrow
 

·
Registered
Joined
·
1,126 Posts
Really? I guess you hold yourself up as the ultimate smartest motorcycle rider? Is that what you are implying?
this has nothing to do with riding skills these are financial decisions and common sence
you seem as bitter as I would be if I owed over MSRP dont blame me for it
 

·
Registered
Joined
·
1,126 Posts
listen I could buy anything I want and wouldt have to finance it to do it, I have a 798 credit score and 18K in my account right now and contribute $200/week to my 401K and Im under 40 Sorry I dont desire YOUR bike more then MY retirement. you probably think Im wasting money saving for retirement instead of being part of what you think is an elite group?
Ill guess the window of your car/truck has stickers to let everyone know you own a harley if they cant see it printed n your arm when they pass if they gave a damn? but its worth another $20 of your cash to let others know you do have one people like you and your attitude of entitlement and oozing ego give the motorcycle community a bad name, so slam a 12 pack put that potato chip on your head & tear down the road allowing them pipes to save you
 

·
Registered
Joined
·
1,126 Posts
you got talent mind reader or something can diagnose me and read me like a book right over the internet if I really wanted one I could have it, I could have yours if I wanted it
and do you define cheap as lower price or of lesser quality?
my star came with a 5 year unlimited milage warranty at NO additional cost had a lower pricetag, equal reviews and has a lower maintence costs & insurance, ok I'm cheap
 
1 - 10 of 10 Posts
Top