RE: yay got my h3 today~
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RE: yay got my h3 today~ - 2/1/2007 10:45:35 PM
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HummBob
Posts: 16152
Joined: 5/6/2006
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I Don't See ANY PICTURES!!!!!!!!!!!!!!!
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2004 Black Hummer H2
2007 Black Escalade
 
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RE: yay got my h3 today~ - 2/1/2007 11:28:35 PM
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ta8088
Posts: 8
Joined: 6/12/2006
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Congrats on your new ride. Don't know what state you are in but in some states don't you have a cooling off period in which you can return a vehicle that was purchased. Don't know if it applies where you are but I would balk at paying 11+ %. Especially with that kind of down payment.
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RE: yay got my h3 today~ - 2/2/2007 12:13:56 AM
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HumRluvR
Posts: 233
Joined: 1/19/2007
From: Alberta, Canada
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Congrats HUMMERBOY... I Think!!!
I sure won't accept 11+ % with 14k down payment... That's just plain INSANE!!!! Check and see what your Bank will do for you Bud.
P.S I Hope your not gona use that "I can't find my USB cable" excuse are ya??? 
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06 Boulder Gray H3
Luxury Model, Adv Package.
Are you Canadian and would like to get together with
local HUMMER Owners for some Off Road Fun??? Then Check out
My Website
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RE: yay got my h3 today~ - 2/2/2007 5:14:00 PM
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HummBob
Posts: 16152
Joined: 5/6/2006
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YAY hummerboy!!! Sweet COLOUR!!!!!!!!!!!!!!
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2004 Black Hummer H2
2007 Black Escalade
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RE: yay got my h3 today~ - 2/2/2007 5:27:51 PM
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LawWyfe
Posts: 1565
Joined: 11/15/2006
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Are ya sure you didnt just take a pic of someone elses ride? JUSTTTTTTT KIDDING! Congrats, enjoy washing that sucker every day and I am sure you will love it as much as most of us love ours...NICE RIDE!!
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2006 Hummer H3 Boulder Gray
Simple and understated and not all tricked out!
Sometimes less is better......OK...some BLING since I joined here!
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RE: yay got my h3 today~ - 2/2/2007 7:32:09 PM
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branstone
Posts: 238
Joined: 2/1/2006
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i know in california you have 30 days to get your own financing
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2006 Hummer H3 luxury & adventure black w/black leather interior, K&N CAI, Gibson Extreme Dual Catback Exhaust--mine
2001 Audi TT HO Roadster 225hp , luxury package, silver w/black leather interior --hers
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RE: yay got my h3 today~ - 2/2/2007 7:43:18 PM
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hummerboy
Posts: 26
Joined: 1/25/2007
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black ftw =) boo to boulder grey!! hehe jk
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RE: yay got my h3 today~ - 2/2/2007 8:27:48 PM
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DrCarver
Posts: 218
Joined: 1/5/2007
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Nice color!
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RE: yay got my h3 today~ - 2/2/2007 8:55:07 PM
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07HummerH3
Posts: 331
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quote:
ORIGINAL: GHummer
Congrats on the sweet new ride. I can remember a few times in my life where I could not sleep because of the new ride I just got...good feeling.
Now Hummerboy, after all the questions here on this board about price and now you tell us you got this god awful interest rate. Somebody needs to explain compound interest to you Hummerboy. Understanding or not understanding the power of compound intrest can make or break your good deal.
As I calculate it with 14k down, a loan at 11.9%, 5years - will have a payment of $461.63 per month and the total interest during the life of the loan is $6898.05
so the real price of your H3 will be $$41,698.05
--------------------------------------------
Next scenario
14k down, a loan at 7%, 5years - will have a payment of $411.86
the total interest during the life of the loan is $3,911.90
so the real price of your H3 will be $38,711.90
The difference out of your wallet between the two scenes is $2,986.15
Now you know why he wants to give you a free chrome gas cover.
I am not sure if you have already signed on the dotted line but that is your power in the deal. Until you sign , you can walk or sign....you are in control not the car salesman.
Good luck
G-Hummer
...That is a great snapshot of how the interest rate affects total cost over time. Not to pry into your financial situation, but if you own your home/condo/etc, think about leveraging your equity and using a home equity loan to cover the difference between your down payment and purchase. There are pros and cons regarding leveraging your primary residence for a vehicle, but the 20k (aprox) that you will borrow against the property is not really that much; you will get a much lower rate and a portion of that will be tax deductable, equating to an even lower rate.....it could mean that you actually get some $ back at the end of the year for part of you payments. You gotta understand that your home equity is linked to the car however. IMHO it beats the hell out of a 11% rate. Make paments as if the rate were that high and close out the loan in the same 5 years. If you rent or have lousy credit....suck up the 11% and enjoy your ride! Either way, you will be traveling in style. Enjoy the fact that you can't sleep by looking around here for your first items to customize with......and nice pics!
< Message edited by 07HummerH3 -- 2/2/2007 9:01:19 PM >
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07 H3: Slate Blue Metallic(a) w/ Tan interior, Lux & Adv Pkgs, 35" MTZ's, Gibson SS Split Rear Exhaust, TrueFlow CAI, Truxxx Lift, Nav System, Monsoon Stereo/CD, SIRIUS, Sunroof, Chrome Brush Guard, Chrome Mini-Grille, Tow Pkg, Silverstars, Roof Rails
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Printable Version
touche'
