Selling a Motorcycle You Still Owe On. Sales of Vehicles with Liens. When you finance the purchase of a car or motorcycle, your lender holds on to the vehicle's title until the loan is paid off. Removing the Lien on Your Motorcycle. Paying Off Your Motorcycle Financing. Selling Your Motorcycle to a Dealer. Upside-Down.
Selling A Motorcycle That Has A Lien. Call your lender, before you sell a motorcycle you must have a clear title. Pay off the loan. Get a new title. Transfer the title on the motorcycle. Contact your lender if you need to use the funds from the motorcycle sale to pay off the loan. Go to the bank. Transfer the title.
If you want to achieve the best price for your bike, you may want to sell it. look into the possibility of a short-term personal loan to cover the remaining payments.
When you sell a motorcycle with negative equity, you are looking at a net loss to your assets. This occurs because the total sum remaining on your motorcycle .