If this is the case, then you will owe money when you sell.
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.
In both cases, though, you will be responsible for paying off the loan in full.
Can you trade a motorcycle for a car?
Yes, you can. RumbleOn welcomes trades of motorcycles, ATVs, and other recreational vehicles for any listing in our inventory. We will make you a cash offer on anything that has a VIN and give it motorcycle trade-in value.
How do you trade in car that is not paid off?
If you plan to trade in a car you still owe money on, first contact your auto loan lender and ask for your payoff amount (which could be slightly higher than your remaining balance). Price your car. Look up the current trade-in value of your car on a pricing guide.
How does it work when you trade in a car you still owe on?
When the amount you owe on the car is less than the trade-in value, the process is pretty straightforward. Say you still owe $5,000 on a car, and a dealer offers you $6,000 for it as a trade-in. The dealer pays off the $5,000 loan for you, which releases the lien. Then, you transfer ownership of the car to the dealer.
How soon can you trade in a financed car?
How long you should wait to trade in your vehicle ultimately depends on your current loan. There’s no specific time frame you need to follow, but the general rule of thumb is to wait until your car has equity before you go to trade it in.