I don't think this is the proper section, but I figure the guys savvy in investments etc will have the answer I'm looking for
I took out a loan and bought a motorcycle
I've realized that I don't really ride as often as I'd like, and find myself thinking that the money I'm spending each month in loan payment/insurance cost could be far better spent
Now then, I don't believe I'd make enough selling the bike private party to pay off the loan
KBB on the bike is $7800 or so and the payoff on the loan currently is $8000
Generally speaking, is it possible to just relinquish the bike back to the financing dealer and will this negatively affect my credit in any way?