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Sunday, January 06, 2008

How Much Is That Harley In The Window

....that one with that sh-i-ny chrome?

In the market to buy a motorcycle? You might have "luck" in finding one that is reasonably priced.

Why? The market.

Finances have been in the news as of late--the meltdown of the subprime lending market leads the way. Simply put, easy financing was great until the piper had to be paid--with new rates when ARMs adjusted.

Unfortunately, the effect is not limited to mortagages. All that so-called easy money allowed consumers to purchase other "non" necessity items--such as gadgets, gizmos and yes, even motorcycles. With folks having to decide to keep a roof over their head or pay for the luxury items....well, what would you choose?

Further compounding the issue is financing. Harley Davidson Motor Financing finances approximately half of the motorcycles that are sold out of a Harley Davidson dealership. So when people can't or won't afford their bike payments any longer...where does the bike go??

Either send them back or consumers attempt to sell them. Either way, the inventory of motorcycles grows.

Look at bank and credit union websites. They are flooded with repo vehicles....mostly trucks that have huge appetites for expensive gasoline....it isn't fun to shell out $100 or more a week on fuel...and that rate goes higher.

So what about those bikes? I know the market is soft...look at the bikes listed on e-Bay. I imagine that the creative financing for Harley Davidsons is about to get more creative. Yes, the incentives are out there...but qualifying for them is more difficult than before.

Of course, one bright note is that the whisper of gasoline prices going to $3.50 or $4.00, riding a motorcycle makes more sense in terms of fuel effiency. Then again, if I were faced to choose between the roof over my head and my "extra" vehicle....I know that I'd be fighting to keep the roof over my head. As much sense as it makes to keep the motorcycle....unfortunately, the cold temps and ice and snow isn't agreeable with riding.

Besides that, my son is still too little to be riding on the back.

I hope that you aren't put in a position to make this choice....however, if you are in the market for a new motorcycle, this may be the opportunity to do so.....

Keep the shiny side up!

~The Rainbow Wahine

1 comment:

Rick said...

I have had my eye on the Honda ST1300, perhaps now is the time!