Quick Answer: Can I Trade In A Motorcycle For A Car?

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.

Will a dealership buy my motorcycle?

Many dealers buy and sell used bikes, and some will take your bike on consignment. If you sell to a dealer, you get your money immediately without a lot of details. If you sell it through a dealer on consignment, you may get a better price, but you have to wait for it to sell before you get payment.

Can I trade in a financed motorcycle?

You can sell a motorcycle with negative equity the same way you would sell a motorcycle you own out right. There is even the option of trading the bike in with a dealer. When you receive the profits from selling the bike, this money should go straight to paying down the remaining balance on the loan.

Where is the best place to sell a motorcycle?

Take a look at a few other places you can sell your sportbike online:

  • Craigslist.
  • Ebay.
  • Facebook Marketplace.
  • Facebook Groups.
  • Motorcycle.com.
  • Autotrader.

Does Harley Davidson buy used motorcycles?

As motorcycle buyers, we buy all types and all makes of motorcycles. Harley Davidson motorcycles are just one of the many makes of motorcycles that we buy.

Can I sell my motorcycle if I still owe on the loan?

Selling a Motorcycle You Still Owe On. Owing money on a motorcycle loan doesn’t mean you can’t sell your bike. First, you’ll need to pay off your loan, which can be tricky if you don’t have cash to cover the balance. You could lose money, however, depending on how much you owe compared to the sale price of your bike.

How much is insurance for a motorcycle?

According to Financial Web, the cost of liability motorcycle insurance can range from $100 to more than $400 per year, depending on specific circumstances. That is for basic minimum insurance requirements, and if you add other coverage levels to your policy, you will pay more.

Do car dealerships accept motorcycles as trade ins?

Auto dealerships with no motorcycles may be reluctant to accept one as a trade-in. It will be hard for such a dealership to sell the motorcycle since the dealership’s customers will only be looking for cars. Customers can also negotiate prices harder when the dealer has no other options available to sell.

Can you trade in a motorcycle at CarMax?

CarMax does not buy or sell motorcycles. For more on CarMax’s motorcycle policy and where you can buy and sell used motorcycles, see below.

What happens if I don’t pay my motorcycle loan?

If You Don’t Pay

If you stop paying on a loan, you eventually default on that loan. The result: You’ll owe more money as penalties, fees and interest charges build up on your account. Your credit scores will also fall. It may take several years to recover, but you can ​rebuild your credit.