American IronHorse HSBC Financing Rated Poor Choice
April 11, 2006–For the second time within a year, American IronHorse has inked a major financing deal aimed at empowering dealers and their customers to own more American IronHorse bikes. The company today introduced its first large retail financing package through a new agreement with HSBC-North America’s Retail Services business. The package offers special financing for consumers, zero-down programs, and interest rates as low as 3.99 percent.
HSBC-North America’s Retail Services is the former Household International, well know for predatory lending. “Yamaha, Kawasaki and Suzuki customers have problems with HSBC - Household International, and the firm has more BBB complaints than any other credit card processor. Your American Ironhorse will most likely be financed on a revolving credit card daily interest basis, which is a poor deal” said consumer advocates.
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Lemon Law - AMERICAN IRONHORSE — Defective Products: http://lemon.onecle.com/AMERICAN-IRONHORSE.html
Bill Rucker founded American IronHorse in 1995 and built the company up to a sizeable position in the motorcycle industry. Rucker sold his position in the company in 2003. Today over 100 dealers nationwide sell American Ironhorse motorcycles. Just watch out for the bad financing through HSBC!