How do you get someone to "take over payments?"?

I am not sure if I will have the right answer, but I will share my experience. I have “sold” two cars that I had leased, by having the people buying it just take over the payments. I called the company I made the payments to and asked them what options I had, if they allow someone else to take over the payments, and these two companies did. I had another car I wanted to do it with, and they didn’t allow it and it was going to be very complicated and cost the buyer a ton of money in taxes, because it had to change hands twice, but that is another story. So I think call the company that owns the note and see what they say. I know you don’t have a lease, but maybe it works the same way?

That’s a good thought. Thanks @JLeslie

As someone who has worked in finance/collections, I wouldn’t suggest doing the “take over payment” deal. Usually that leaves the whole deal in your name while you are depending on someone else to make the payment. That being said, if that person ever fails to pay, it’s all on you.

If you can’t get the loan in their name, don’t do it is my advice.

oh no. I wouldn’t!

Your loan has to allow that; not all do. Read your documents or call your lender to see if the loan may be assigned/assumed. If you find that it can be, just advertise your bike as $XXXXXX and take over payments, or if you don’t want any of the equity out of it just say something like “this can be yours with no cash, take over payments.”