Contact your lender: If you're struggling to make payments, it's advisable to contact your lender, which is typically a financing institution or the financial services division of Harley-Davidson. Explain your situation and see if they have any alternatives available, such as modifying your payment plan or deferring payments.
Refinance or trade-in: Another option could be to explore refinancing your loan with more favorable terms or considering a trade-in with another motorcycle or vehicle that better fits your financial circumstances. This option would require finding a new lender willing to take over the existing loan or financing the new purchase.
Sell the motorcycle: If you're unable to continue with the payments and want to get rid of the bike, you might consider selling it. However, keep in mind that selling the motorcycle may not cover the entire outstanding loan balance. You may need to work with your lender to determine the best course of action and address any remaining debt after the sale.
Seek professional advice: It's recommended to consult with a financial advisor or an attorney who specializes in contract law to understand your rights and obligations under the specific terms of your contract. They can provide personalized guidance based on your situation and help explore any legal options that may be available to you.
Remember, the specifics of your contract, state laws, and other factors can significantly impact your options. It's essential to seek advice from professionals who can provide accurate and tailored guidance based on your circumstances.