Condor Posted February 6, 2009 Share #1 Posted February 6, 2009 Did anyone else catch the news about Warren Buffet loaning..investing? 600 big ones to Harley at 15% interest. Sounds like loan sharking to me?.... Link to comment Share on other sites More sharing options...
wolfman1 Posted February 6, 2009 Share #2 Posted February 6, 2009 It's not if Harley took it knowing that. I know that Harrley's financing plan is over 10%, as opposed to Yamaha or Honda's at 7%. We were looking at Ultra Classics a couple of weeks ago. That may be one reason it's so high. I'll stick with my venture. Steve Link to comment Share on other sites More sharing options...
BoomerCPO Posted February 6, 2009 Share #3 Posted February 6, 2009 Did anyone else catch the news about Warren Buffet loaning..investing? 600 big ones to Harley at 15% interest. Sounds like loan sharking to me?.... Odds are there is not a Bank out there that will lend Harley a dime. WB has been known to do things like this his whole life. Goes along with his philosophy of "the rich get richer". Boomer..........who can't loan a mouse enuff to buy a slice of stale bread. Link to comment Share on other sites More sharing options...
Squeeze Posted February 6, 2009 Share #4 Posted February 6, 2009 Froggy posted Months ago about Credit Cards Companies charging 29.99 Percent Interest. Compared to that, 15 Percent seems like a Bargain. Apparently Harley cannot rely on it's good Name in the financial World enough to get a Credit at somewhat normal Rates ? Why didn't they issue a Bond to their Customers with privileged Price on Accessories and Apparel ? Link to comment Share on other sites More sharing options...
cecdoo Posted February 6, 2009 Share #5 Posted February 6, 2009 Mr Buffet bought 300 million in Bonds set to mature in 2014 paying 15%. Cash is King:mo money: Craig Link to comment Share on other sites More sharing options...
krome rose Posted February 6, 2009 Share #6 Posted February 6, 2009 Harley can't get a bank to touch them because they've been bailed 3x already. I think a private loan at 15% is a sweet deal for the industry, and at that he doesn't want a controlling interest? Where do I sign up? Brandy Link to comment Share on other sites More sharing options...
mbrood Posted February 6, 2009 Share #7 Posted February 6, 2009 Who wants a controlling interest when he can ignore them and go do other things. Plus he gets 15% with relatively no speculation... it's a contract!!! In just 3 years of ignoring them he will have made 50% of his money back if he rolls over the investment! And Harley probably thought THEY were getting a deal! Link to comment Share on other sites More sharing options...
ediddy Posted February 9, 2009 Share #8 Posted February 9, 2009 I wonder if harley is going to use the money for operating expenses or if they are going to put it in their bank, Eagle Savings Bank, to finance bikes. Link to comment Share on other sites More sharing options...
.thumb.jpg.5bc608c29d230c44c77c79acb0510cd8.jpg){kind=avatar}
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now