I have an '07 Goldwing with a little over 15k miles on it that I need some advice on. I bought it with Hondas "$199.00 for 36 months" financing. Divorce and interuption of work have put a wrench in my plans to refinance it for a traditional loan. I can afford to keep up the $200 payments for the next 2 years when the deal ends, but I'll be stuck with a 3 year old bike that I still owe $20.5k on. I'm thinking the payment will be 500 a month when that times comes, hopefully not more. I can deal with 500 a month, but what if it is more? I know I'll have a hard time refinancing it because it won't be worth what I owe, and a home equity loan is not an option. I've toyed with the idea of trading it in on a cheap car and letting the dealer eat SOME of the negative equity through price negotiations and some 0% financing (in a couple years when the payment goes beyond $200). Unfortunately I can't do much now as I can't afford to do anything more than the $200 I currently pay.

worry about it in 2 years when it matters.

burn it and collect the insurance money

Check with the contract and see if you can buy down the principle by adding 100 to 150 for each month payment.Yes I saw where you can not do more then the 200 /m at this time, but the extra 300 /m has to come from somewhere for the future payments. Then after you had it two years, assuming it is in peak condition, you may do better to trade down at Honda for a smaller bike and eat the over finiance on the new loan. I would guess you will get your best trade in offer from the dealer. .Else see if you can "sell" the loan to someone who wants the bike for what is left on the payment and walk away. If this is an option make damn sure they take your name off the loan and title if someone else picks up the payment, you do not want to be a second or first on the loan if it defaults.