A: If you still owe money on the motorcycle, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the motorcycle is worth $20,000, the dealer can purchase the motorcycle as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity.
Can you trade-in a motorcycle that’s not paid off?
Yep! It is the same as trading in your car that still has a loan on it. You’ll work together with the lien holder to assess the value of your motorcycle. After paying off the loan you’ll apply what is left to the trade-in value.
How do I sell my motorcycle if I still owe money on it?
Agree on a sale price with a buyer and arrange a closing date for the sale transaction. If you have enough money to payoff the lien prior to selling the motorcycle, then pay it off. Ask the lender to sign the release of lien on the title or provide you with a release of lien document, if allowed in your state.
Can you return a financed motorcycle?
In general, you cannot return a motorcycle to a private seller after paying them and signing a bill of sale. When you privately buy a motorcycle, you are agreeing to buy it “as is” and the seller holds no obligation to you to take it back and give you your money back.
Will car dealers take a Motorcycles on trade?
Auto dealerships will accept a motorcycle trade-in if they can sell the bike for a higher price than they paid for it. The decision to accept a motorcycle as a trade-in is made by each individual auto dealership.
Can I sell my Harley back to the dealer?
One of the most reliable and easy ways to get a fair offer for a motorcycle is to trade them in at a dealer. And if you find yourself asking, Will Harley-Davidson buy back my motorcycle?, the answer is yes!
Can you sell a bike that’s on finance?
Can I privately sell my bike on finance? You can absolutely do this, but it’s quite complicated. If you haven’t sold a bike with an outstanding balance before, you might risk losing money if you don’t know what you’re doing.
How do you take over a motorcycle loan?
Check with the lender who is financing the loan to see if they allow loan transfers. Some lenders actually provide methods of transferring the loan for a motorcycle into the name of another purchaser. Draw up a legal contract that states the terms of the payment agreement.
Where is the best place to sell a motorcycle?
The Five Best Places to Sell Your Motorcycle Online
- Rumble On. Rumble On is a consumer marketplace. …
- eBay. eBay is another reliable marketplace that allows you to reach potential buyers from all over the country. …
- Craigslist. …
- 4. Facebook Marketplace. …
- Cycle Trader.
Do you regret buying a motorcycle?
While that may seem like a big reason to switch to a motorcycle, you may actually regret your decision if that’s the only reason you want to ride one. … This high level of maintenance needs will mean that even though you’re saving money on fuel, you’ll have to spend more money, compared to cars, on maintaining your bike.
Can I cancel a motorcycle purchase?
California law does not provide for a “cooling-off” or other cancellation period for vehicle lease or purchase contracts. … After you sign a motor vehicle purchase or lease contract, it may only be canceled with the agreement of the seller or lessor or for legal cause, such as fraud.
Does Harley have a return policy?
H-D online orders can be returned for any reason and a full refund of the original form of payment will be made. You can return your item(s) online or at the Harley-Davidson® dealership that is the Selling Dealer for your order. … Note that store-bought items must be returned to H-D store where you made the purchase.
Will CarMax buy my motorcycle?
Question: Can I Sell My Motorcycle to CarMax? Answer: “Does CarMax buy motorcycles?” The simple answer… … CarMax is strictly into the business of buying and selling cars alone. They don’t buy or sell motorcycles.
Does Harley Davidson take cars as trade ins?
We take all types of trade-ins. Trading in your car, truck, boat, or RV is not only a convenient way to pay for your new motorcycle, but there can be significant tax savings. Call us for details.