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#1
12-05-2008, 04:15 AM
Elcova Rookie
Join Date: Jul 2008
Posts: 8
How to get out of finance?
I had a 2005 H3 that I leased new, and then this year a few months ago I traded it in for a 2008 H3, but this time Financed.
If I wanted to change car, is there a way I can do that when it is being financed? How do I go about this?
#2
12-05-2008, 05:55 AM
Hummer Guru
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Re: How to get out of finance?
a 2005 ???
a 2005 H-3 should be worth a hell of a lot of money... your talking collectors value !
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Last edited by RubHer Yellow Ducky : 12-05-2008 at 04:30 PM.
#3
12-05-2008, 12:20 PM
Hummer Professional
Join Date: Jul 2003
Location: Port Charlotte, Florida
Posts: 357
Re: How to get out of finance?
Sell it - lose money
Trade it - lose a lot of money
Let it go back to the finance company - lose money and ruin your credit
Best choice is to keep it
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#4
12-05-2008, 01:12 PM
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Join Date: Jul 2006
Location: Stouts Creek
Posts: 4,192
Re: How to get out of finance?
You own it with a promise to pay the finance co...
Best bet call and see if you can renegotiate the rate of interest.
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#5
12-05-2008, 02:34 PM
Hummer Veteran
Join Date: Nov 2007
Posts: 101
Re: How to get out of finance?
You're going to owe that money no matter what. But if it is a new vehicle you are after, you can trade in the H3 and the remaining balance can be rolled into the monthly payments of whatever vehicle you want instead. Best idea, keep making payments until it is worth more than you owe, then sell it to pay off the balance.
#6
12-05-2008, 04:37 PM
Hummer Authority
Join Date: May 2005
Location: Redmond, WA
Posts: 1,423
Re: How to get out of finance?
i think this is a fake thread, since everyone knows the H3 didnt come to market until 2006. and anyone not knowing these basic principals is a troll or has been living under a rock forever
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#7
12-05-2008, 04:41 PM
Hummer Professional
Join Date: Oct 2005
Location: Maple Valley,Wa
Posts: 339
Re: How to get out of finance?
I picked up my 2006 H3 on September 16th 2005 at McCann Hummer in Fife, WA.
I kinda miss 'ol Yella
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#8
12-05-2008, 05:07 PM
Hummer Veteran
Join Date: Jun 2005
Location: Indianapolis, IN
Posts: 160
Re: How to get out of finance?
WELL
A tree could fall on it..............and it could be non-repairable......?????????????????????????????????? ???????????????????????????????????????????
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#9
12-05-2008, 05:43 PM
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Re: How to get out of finance?
Yellow H-3's are immune to tree damage...!
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History, be it in 1 Year, 10 Years, a Hundred Years or One Thousand, will show that those people who voted for John McCain in the United States Presidental Election of 2008 were true patriots...
#10
12-05-2008, 09:22 PM
Hummer Authority
Join Date: May 2005
Location: Redmond, WA
Posts: 1,423
Re: How to get out of finance?
Quote:
Originally Posted by Mark805
I picked up my 2006 H3 on September 16th 2005 at McCann Hummer in Fife, WA.
I kinda miss 'ol Yella
i beat you! june of 05 at mccann :P
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Drive it like you rented it!!!!
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#12
12-06-2008, 09:58 PM
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Posts: 5,485
Re: How to get out of finance?
the wife ?
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REMEMBER
History, be it in 1 Year, 10 Years, a Hundred Years or One Thousand, will show that those people who voted for John McCain in the United States Presidental Election of 2008 were true patriots...
#13
12-07-2008, 07:24 AM
Hummer Authority
Join Date: Aug 2006
Location: Oregon
Posts: 1,055
Re: How to get out of finance?
I ordered mine in June, and picked it up in September. Only way to get the adventure package with manual transmission at the time. Quote:
Originally Posted by wannabeH3
i beat you! june of 05 at mccann :P
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#14
12-07-2008, 08:12 AM
Hummer Professional
Join Date: Oct 2005
Location: Maple Valley,Wa
Posts: 339
Re: How to get out of finance?
well with all these old McCann customers we should have our own hummer happenings since they seemed to just pitter out.
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Dear GM: PLEASE SELL ME AN HX
#15
12-09-2008, 09:33 PM
Elcova Rookie
Join Date: Jul 2008
Posts: 8
Re: How to get out of finance?
Yes, I meant 2006 model year but I got it in 2005.
For example, let's say I took this to another dealer - how would taking over the financing payments work if I got a car through them, let's say of the same or a bit less value?
#16
12-09-2008, 11:39 PM
Hummer Veteran
Join Date: Dec 2006
Location: Saint Paul, MN
Posts: 33
Re: How to get out of finance?
the old loan would be paid off and any trade-in value gain (or loss) would be applied to the new loan
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#17
12-15-2008, 05:28 PM
Hummer Veteran
Join Date: Jan 2006
Posts: 91
Re: How to get out of finance?
after trade in and down payment I had about $10,000 left to finance so I got a
Balance transfer to a credit card company at 1.9 APR. I got the title on the H3 about 1 and a half years ago due to this. I can sell the H3 anytime. I owe $2,500 to the credit card company at this time.
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