Hummer financing ???

[Lucky1]

I think I want him to have the Hummer more than he does. Lol.. Thanks for all the super quick responses.

[iwillnc]

I had mine financed around jan 2011, and they took to it quickly, then again the credit score was almost perfect

[LoJac963]

^exactly, scores play a HUGE role in financing a vehicle-even more so with a used vehicle.

When it comes to financing a used vehicle most banks will only finance a percentage of the value of the used vehicle. That being said if you are going into a used vehicle with negative equity from a previous vehicle it is highly unlikely to get financed. Banks used to finance I believe it was up to 120% of the new "used" vehicles value. Now with the economy being in the dump for so long almost everyone has cut that percentage drastically.

It all boils down to this:
Negative equity, value of the Hummer, credit scores, down payment, income and of course a bank willing to lend on a vehicle that is relatively a little old already.

[H2005]

Chase will finance it

[GRTWHT1]

Some front line dealers/finance co. won't do over 5 year old cars.

[TGCOFTN]

I am shocked to hear that. I figured anyone with heart beat, blood pressure, and a good credit score could get anything financed.

I got both of my Hummers thru GMAC @ 0% Internest when they were having the special. Since all the problems with GMAC, they are thru Alley Bank still @ 0%.

[LoJac963]

yeah I believe I'm at 5.25% through BofA which isn't too terrible and that was before my scores were touching the 800 mark as they are now. Who knows I may try to refi the thing in a few months to get the payment down.