Trading in motorcycle under installment

[BlackLight]

Hi all, I ride a Honda 190X on installment $300 x 36 months. Paid about more than half as of this moment. 

Is it possible for me to trade in this bike for a 2nd hand bigger bike? Honda SF is calling me yikes. 

Anyways, current financial company has a crazy early settlement fee of $1600

[abyboy199]

If you trade in your bike with the same shop. You still pay $300 X36 months $10800 + the value of the Super Four e.g $15000. Total EST $15800. If the value of the bike is lower than your current instalments you pay off the balance and trade in.

[BlackLight]

15 hours ago, abyboy199 said:

If you trade in your bike with the same shop. You still pay $300 X36 months $10800 + the value of the Super Four e.g $15000. Total EST $15800. If the value of the bike is lower than your current instalments you pay off the balance and trade in.

Thanks for the input! How about other shops though? I had a really bad experience with current shop. 

[adesmond2]

On 8/22/2023 at 11:09 AM, BlackLight said:

Thanks for the input! How about other shops though? I had a really bad experience with current shop. 

once you sign the contract.. nothing much can be done.. just LL pay on a monthly basis and insurance sometimes also must buy from them depending on contract...