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Old 02-03-2009, 02:57 PM   #1 (permalink)
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Any U.S. riders finance a bike recently?

Since I'm planning on financing a Scrambler later this year, I was curious to see what impact the credit crunch might have. I called my local dealer and the salesman said he'd just financed a guy with a 720 score in 5 minutes. I found that reassuring.

Anyone have a recent bike financing experience they want to share? Are you finding it doable but paying higher interest than you would've a year or two ago?

Last edited by Scrambler57; 02-03-2009 at 03:00 PM.
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Old 02-03-2009, 04:04 PM   #2 (permalink)
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If you're a member of a credit union, it's worth checking there for a loan.
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Old 02-03-2009, 04:22 PM   #3 (permalink)
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Triumph financing

Local dealer is offering....

Triumph Promotions
Effective 1/20/09 thru 3/31/09
Buy any 2008 or Prior Year Rocket III, Rocket III Classic, Rocket III Classic Tourer, America, Bonneville T100, Scrambler, Speed Triple, Speedmaster, Thruxton, Sprints ST 1050/ABS, Tiger 1050/ABS
and Receive

As low as 3.9% financing
OR, $750 - $1,500 in Triumph Clothing & Accessories
OR, $450 - $1,200 Cash Rebate
depending on model
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Old 02-03-2009, 04:41 PM   #4 (permalink)
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Credit Unions is where its at. The one I currently work at treats bikes the same as cars...and we're currently at 5.55%. Since I work there, I refi'd my Daytona 675 at a rate I cannot disclose. See if you can get a list of all the credit unions around your area and call them up asking what they finance motorcycles at. Target the ones that treat motorcycles like cars.

give Digital Federal Credit Union a try too. You can become a member easy too.
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Old 02-04-2009, 09:10 AM   #5 (permalink)
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Triumph ended their 3.9 financing on 1.31.09. That was the day I got my R3T. 3.9 % was better than the credit union could do.
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Old 02-04-2009, 10:03 AM   #6 (permalink)
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Credit Union if possible. I financed $5,000 on a used Sprint in August and they gave me a sub 4% loan. It was only one year but it was much lower than I expected.

There is still plenty of loan money if you have good credit.
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Old 02-04-2009, 10:37 AM   #7 (permalink)
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Talking 3.9% financing

Quote:
Originally Posted by crazyman View Post
Triumph ended their 3.9 financing on 1.31.09. That was the day I got my R3T. 3.9 % was better than the credit union could do.

Triumph's 3.9% financing has been extended to 03.31.09
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Old 02-04-2009, 05:00 PM   #8 (permalink)
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Quote:
Originally Posted by Baltobonneville View Post
If you're a member of a credit union, it's worth checking there for a loan.
+1 for this gentleman's suggestion. my credit union gave me a delicious rate when other banks just flat out shot me down.
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Old 02-10-2009, 04:32 PM   #9 (permalink)
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I just financed my Scrambler through USAA Federal Savings Bank (a bank/insurance company for members of the Armed Forces and their families) at 6.74% for 3 years. I plan on paying it off early, though.
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Old 02-10-2009, 04:54 PM   #10 (permalink)
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Quote:
Originally Posted by UJMrider View Post
I just financed my Scrambler through USAA Federal Savings Bank (a bank/insurance company for members of the Armed Forces and their families) at 6.74% for 3 years. I plan on paying it off early, though.
UJM - Did you buy before or after Triumph announced they're doing 3.9 on '08 and earlier Scramblers?
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