Can i trade in my leased motorcycle

Question

I've got a Street Legal dirt bike that i had financed and was wondering if the dealership would allow for me to 'trade' in for a newer sports bike ?

Answer 1

There's no way you leased a dirt bike.  

Answer 2

If it is "leased" you have to keep it the full term of the lease. You can get out of the lease early by paying a penalty and I think that is a percentage of the final payment due. How did you "lease" a dirt bike? How are they keeping up with the miles/hours for final payment? A person can get out of any contract if they have enough of money.

Answer 3

Did you finance it or lease it?

Leasing is just long term renting.  You do NOT own it.  You cannot trade in what you don't own.  You cannot sell what you do no own.

If it was financed (loan) then you can try and trade it in (if you are NOT upside down - or owe more than what the bike is worth).

Good luck....