Do You Think I Will Get Approved For A H2??

[KenP]

Originally Posted by CO Hummer

In all seriousness.....
There's a guy on the forum named "KenP" who helps a lot of new Hummer owners. I'm sure he'd be glad to co-sign you. Send him a PM.

[KenP]

Honestly, It's more difficult to get financing for a vehicle versus a home. After all, the home isn't going anywhere.

[LoLo]

Originally Posted by KenP

Honestly, It's more difficult to get financing for a vehicle versus a home. After all, the home isn't going anywhere.

...nor depreciating nearly as much!

[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...

[H2 BULLY]

if you can find someone who is 25, Hertz now rents H3's. You could drive a new one everyday.

Hertz H3

[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.

[KenP]

Originally Posted by H2 007

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.

All that's left are basically the residual plus any penalties. At that point give the truck back, paying any penalties, or finance the remainder.