The arrangement where one individual sells a Harley-Davidson motorcycle to another individual, and provides the financing for that purchase, is the central topic. This differs from traditional dealership or bank financing, as the seller acts as the lender, establishing repayment terms directly with the buyer. An example would be a Harley enthusiast selling their bike to a friend and agreeing to monthly payments over a specified period, with an agreed-upon interest rate.
This type of transaction offers potential advantages for both parties. The buyer may benefit from more flexible financing options, potentially securing a loan even with less-than-ideal credit. The seller might achieve a higher selling price than they would through a trade-in or private sale requiring immediate full payment. Historically, such arrangements were more common in close-knit communities, relying heavily on trust and personal relationships.
