[H2 007]

Originally Posted by BigNastyH2

Hey there,

Im new here as well (haven't posted pics of my Hummer h2 yet, But I will eventually) BUT, I do have some great advice for him. What I did when I bought mine was I leased at a 3.00% interest rate instead of an outright buy at a 7.00% interest rate and I took the ballon note at $26,000. Also I am keeping/paying off my Hummer. My reason for doing this is if I would have taken the 7.00% outright buy with $10,000 down I would have over 72 months have paid about $68,000 ($951/mo) by the end for the car, while leasing at a 3.00% rate with $10,000 down I got a note of $624/mo for 47 months with a balloon note of $26,124 so I'll end up only paying (624 x 47months = $29,328) + $26,124 (balloon note) = $55,452, which equals a total savings of $12,458 than buying it outright. Sorry for the calculations, but I'm trying to show him the smart way to buy an H2...

Ok, but at the end of 47 months, unless you have $26,124 laying around, you are going to need to finance that money as well as a standard loan if you want to keep the vehicle.