Special Finance Transferrable?

M

mgimo

New member
I might have to sell my 08 S...

I took advantage of the 2.9% for 60 months a couple of months back. I was wondering if I sell, can someone take over the finance like you can take over a lease?
 
That's not necessarily true.

You have to call and ask the lender. They will definitely require the new buyer apply in the same manner as you, and then will offer current rates, not the promotional rate that you got, but it's doe-able. Just, not necessarily convenient, smart or cheap.

Bear in mind though, if the lender is willing to do this, some still can keep you on the hook in the event of default of the new owner.

Ultimately, just have the new owner deal with their own financing and pay off your lender clean.

It's best for you and them.
 
read the question. He ask if someone can "take over" the loan at same special rate like lease assumption. There will be no bank will refinance a "used" bike at 2.9% 60 months term to a "private" party.

The special rate will only offer from manufacture as an incentive to sell their products, which manufacture pay the bank a certain fee to "buy down" the APR. In this case, it will be GE Money Bank.
 
keep it... since you are financing 60 months with 2.9%, I assume you are probably with low monthly payment under $400 per month. I dont think selling the bike will chane anything.... unless you are after 1198S
 
Well..payment is much less then that..did put some money down. Yea...the rate was icing on the cake.
Hate to let it go, but we'll see. If no one bites...I'm
not losing out either.
 
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