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Why should I finance my purchase through Harley-Davidson Financial Services? There are several good reasons to consider financing your new motorcycle purchase rather than pay cash. Firstly, that kind of cash isn’t just sitting in a chequing account; it’s usually invested in a savings account or interest-bearing investment. There may be fees to withdraw money from such investments, in addition to the lost interest revenue. Secondly, the cash used to pay for a motorcycle is no longer available for household emergencies like roof or hot water tank repairs, renovations or auto repairs— which means such expenses go on a credit card with 18 to 24 % interest rate. But most importantly, there are better ways to invest your savings to get a bigger interest rate savings. Ask to see what that lump sum would do for your mortgage; you’ll be amazed!
I have a Line of Credit through my own financial institution, why shouldn’t I use that to buy my next bike? It’s possible that using your Line of Credit may be the smartest way to purchase your new Harley-Davidson. But first you should know the answers to these questions: are you required to make a minimum payment each month (usually 3 % of the balance which, on a $ 25,000 loan is $ 750 each month); is the interest rate floating or fixed (a floating rate goes up as the Prime Rate increases, meaning more interest payments in addition to the minimum monthly payment); can the bank force me to pay off this loan in full at any time?
What’s your interest rate? We write deals anywhere from 6.99 to 21 %. It really depends on you and your situation. Taking a moment to sit with one of our advisors and complete a credit application will help determine what we can do for you, and there’s no cost or obligation involved.
Can’t I get a better interest rate at the bank? Interest is important to consider. But, really, it’s only one of several components in the whole financing transaction. You should also consider the term of the loan (most financial institutions limit it to 60 months; Harley-Davidson finances up to 84 months), down payment (financial institutions need up to 50% down; Harley-Davidson usually requires only 10 % of the purchase price as down payment), and the financing amount (big banks finance the motorcycle purchase only; Harley-Davidson can include ‘extras’ like parts and accessories for the bike, your helmet/boots/jacket, and Extended Service Plan protection to build trade-in or resale value into your new purchase).
Why hasn’t anyone else told me this? Simple. We believe in a “Customer for Life” philosophy, which means we want to look after your needs—now and into the future. One of those needs is good information, so you can make good decisions. Another of those needs is trust: you want to know you’re buying from a reputable establishment. We’ve been around since 1917 so we believe we’ve earned a reputation for trust and respect.
Your experience at Trev Deeley Motorcycles will confirm it.
What am I paying for with “PDI and Freight” costs?
Freight and PDI are actually two different costs our dealership incurs to bring in your new motorcycle and get it ready for you, so let’s talk about them one at a time.
Freight charges are the costs to transport a Harley-Davidson or Buell motorcycle from the manufacturing plant, across the border and to our dealership. Despite the increase in fuel prices and fuel surcharges being added to freight bills, Trev Deeley has chosen not to increase its “Freight” charge in order to keep our prices as low as they can possibly be. That’s actually a savings to you, our valued customer.
PDI stands for Pre-Delivery Inspection, but it involves much more than just looking over the motorcycle. Once the shipping crate is removed and the motorcycle is rolled off the protective metal pallet, our factory-trained technicians perform final assembly—mounting and adjusting handlebars, mirrors and signals lights, installing a new battery and checking electric connections and systems, inspecting paint and chrome for any defects, double-checking all fluid levels and tire pressures to ensure there are no leaks, and conducting a Quality Control ride to confirm the motorcycle is completely ready to deliver to you. The motorcycle is then given a full tank of 94-octane fuel, a complete detail and wax before being put in our temperature-controlled storage area awaiting your arrival.
What does the Documentation Fee cover?
Whether it’s a new or a pre-owned motorcycle, the documentation fee covers the following: motorcycle lien and encumbrance searches; provincial damage declaration searches; factory warranty registration or transfer; motorcycle purchase documentation processing; ICBC registration or transfer; finance and leasing administration and processing; out-of-province registration verification; motorcycle safety inspection; motorcycle history and usage report.
Harley-Davidson Financial Services
Financing Terms & Payments Examples:
| "Amount Financed" |
36 months |
48 months |
60 months |
72 months |
84 months |
| $ 10,000 |
$322 |
$253 |
$212 |
$184 |
$165 |
| $ 15,000 |
$483 |
$378 |
$317 |
$276 |
$248 |
| $ 20,000 |
$643 |
$505 |
$423 |
$368 |
$330 |
| $ 25,000 |
$804 |
$632 |
$529 |
$460 |
$412 |
| $ 30,000 |
|
$758 |
$634 |
$552 |
$495 |
| $ 35,000 |
|
$884 |
$740 |
$644 |
$577 |
"Amount Financed" is the total amount less the required 10% down.
Total amount includes Parts, Accessories, Installation Labour, Motorclothes, Life and Disability Insurances, Extended Service Plans, First Service, Fees, Levy and Taxes.
Payment examples above are based on "9.75%" interest with Extended Service Plan purchase.
(On Approved Credit)
Subject to change without notice. Call or come in for more details.
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