The Definitive Guide to Buying a Motorcycle
Does the thought of going to a dealer to purchase a motorcycle makes you cringe? It doesn't have to anymore. Gone are the days of lame sales people, endless sales processes and back-and-forth negotiating with a mysterious sales manager. Our process is simple, transparent and honest. We work to find an option that fits you and your budget.
What’s your motorcycle style?
Every individual has their own unique style that appeals to them, whether it has to do with personality, music, clothing or, in this case, motorcycles. Close your eyes and picture your new Harley-Davidson sitting in your driveway. What do you see? Does it have tall ape-hanger style handlebars or a sporty feel? Does it have tall skinny tires or a great big chopper rear end? Is it chrome and polished or more of a dark custom?
Buying from a Dealer vs Private Sale
- The guy you are buying it from filled up the tank and wiped it down... if you are lucky. All of our motorcycles go through an extensive reconditioning process with a factory-trained technician before it hit our showroom.
Down payments are important. Maybe one of the most important parts of buying a new Harley-Davidson motorcycle. We get the question all the time, “how much do I need to put down?”
Well that comes down to what your goals are.
If you are trying to keep your payment small...
A larger down payment means you typically finance less, which means smaller monthly payment.
If you are trying to do get away with paying $0.00 down...
Be prepared to pay a little bit higher interest rate. And read up on risk (Financing A Luxury vs A Necessity).
If you are just getting started and are trying to plan for a typical credit situation...
If you have a trade, why is the difference price important? We'll run you through a few scenarios to help you make sure that you are getting the right deal when negotiating a new (or pre-owned) motorcycle.
The difference price is the total price of the bike, plus dealer fee, sales tax, and licensing (the out the door price, OTD.) minus the equity in your trade.
Let’s say you walk in to dealership ABC, they tell you the out the door price of your new Harley-Davidson is $20,000, we are going to use round numbers because it’s easier for me to do the math. Then they tell you that the value of your trade is $6,000. That gives you a difference price of $14,000.
Are you the type of customer that has the cash on hand to pay for a motorcycle? Why finance the purchase of your new Road Glide Special when you can pay for it upfront? Let's look at the question "Why should I finance a depreciating asset?"
How about an example. Let's say you had $20,000 cash to buy a motorcycle. If you finance that $20,000 motorcycle purchase at 3.99% interest on a 5 year loan, you will spend $22,094 over the course of that 5 year time period. If you had taken that $20,000 in cash and put it in a bank account (don't touch it - that's the key) that earns 2.0% interest at the end of 5 years you would have $22,101. Nearly the same amount right?
How is this different than my standard limited warranty?
The standard limited warranty on a new Harley-Davidson motorcycle is 24 months/unlimited miles. The motorcycle's owners manual has the complete warranty spelled out complete with owner's obligations, exclusions, limitations, and other good-to-know information.
"Harley-Davidson warrants for any new 2017 Harley-Davidson motorcycle that an authorized Harley-Davidson dealer will repair or replace without charge any parts found under normal use to be defective in factory materials or workmanship. Such repair or replacement of defective parts will be Harley-Davidson's sole obligation and your sole and exclusive remedy under this limited warranty."
Now here's what the Extended Service Plan includes.
No one likes to think about having their motorcycle stolen or totaled in an accident - but the fact is, it can happen. And if it does, there's something you should know:
YOUR INSURANCE COMPANY MAY ONLY REIMBURSE YOU FOR THE ACTUAL CASH VALUE OF YOUR MOTORCYCLE WHICH COULD BE SUBSTANTIALLY LESS THAN THE OUTSTANDING BALANCE ON YOUR LOAN.
This difference between what you owe on your loan and what your insurance company will pay is known as the "gap," and it's money that you'll have to pay - unless you get the Harley-Davidson® Guaranteed Asset Protection (GAP) Plus Plan. It could literally save you thousands of dollars, up to $25,000. It could even cover the cost of your insurance company's deductible, up to $1,000.
If you're like many riders, your motorcycle's appearance is as important as its performance. With Harley-Davidson Appearance Protection you can keep your bike looking as good as the day you rode out of the dealership.
Scotchgard Paint Protector guards against the elements you will encounter on the road, like salt, hard water, tree sap, insects, bird waste, acid rain and more. If covered damage does occur, affected areas will be repaired and resurfaced. Here are the highlights:
What is motorcycle insurance?
Your motorcycle isn't just a mode of transportation; it's an expression of who you are. Anyone who's been through a painful breakup knows how hard it is to lose expression of who you are. And while there's no breakup insurance, there is Motorcycle insurance. That way, if something happens to your baby, you may not have to lose it 100%.
How Is Your Motorcycle Insurance Calculated?
Anyone who has a history of riding safely is likely to get a good deal on their motorcycle insurance. A safe driving record will have a positive impact on your insurance rates. There are other factors as well, like age and gender.
-The motorcycle you ride:
Everyone's bike is "priceless," but they don't all cost the same. After all, a collectible isn't worth the same as a piece of junk (no matter how much you love it). An older bike with a lot of power that you use often presents a different risk from the highly valued chopper sitting pretty in your garage. So, value and power are two significant factors. There are also probably things you love about your bike, so it's good that your insurance company cares about them too.
What do I need to bring to purchase a motorcycle?
- Make sure you bring two forms of valid I.D. (one U.S. issue photo ID and a second ID that can have just your name on it, such as a credit card, insurance card, library card etc…) Please make sure they are not expired.
- Bring the money you can put down on your new motorcycle (this can be cash, cashier’s check, credit card, personal check etc…)
Current Vehicle Sales Promotions
While the motorcycle you are currently eye-balling might not have any promotions or deals at the moment, it can never hurt to check. If you see a promotion offered at a different dealership, let our team know.