Let’s answer this question right from the get-go, yes, you can trade your motorcycle for a car. You can trade it privately or with a dealer. What it boils down to is how much you want for the bike.
Can you trade-in a bike that you still owe on?
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.
Will car dealers take motorcycles 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 trade my motorcycle for a new one?
Going to your local dealership for a motorcycle trade-in is considered one of the best ways to sell your motorcycle when you want to keep on riding. However, when it comes to getting your motorcycle trade-in value, sometimes dealerships can give you the runaround on what offer they are willing to negotiate.
How do I sell my car that I still owe money on?
Subtract the payoff amount from the value of the vehicle. If the result is positive, you have equity in your car; if it’s negative, you’re upside down on the car loan. Selling a car with negative equity means you need to give the lender all the money from the car sale and pay for the negative equity.
How can I sell my bike with loan?
Selling a bike under finance
- Determine how much you owe on the bike before you list.
- Determine how you will pay off the remaining loan amount.
- Assuring the buyer the remaining finance has been paid off.
- Taking ownership.
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Is rumble on legit?
Yep, RumbleOn is a company that buys people stuff, then resells it. They are legit, in the sense that it isn’t a scam. They actually will pay you cash money for your bike, and come pick it up.
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.
Can I trade my financed car for a motorcycle?
Once you have found a buyer decide on the appropriate payment method and exchange of the car. … Trading in your used car- One of the easiest ways of selling a used car is to trade it into the dealership where you are purchasing your next motorcycle. It is quick and easy and for the most part, it is safe.