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Go Back   Hummer Forums by Elcova > Hummer H2 Discussion Forums > General H2 Discussion

 
 
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Old 06-17-2006, 10:46 PM
BigNastyH2's Avatar
BigNastyH2 BigNastyH2 is offline
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Join Date: Aug 2005
Location: USA South
Posts: 11
BigNastyH2 is off the scale
Talking Re: Do You Think I Will Get Approved For A H2??

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...
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