Do banks give loans on a '03-'06 H2 w/around 70-100k on the odometer? Or will I have to pay cash? I don't know cause I usually buy new or 1 year old trucks.

 

Banks generally don't like to loan on vehicles over 5 years old. Credit Unions typically do much better deals on used car financing and loan more on the credit worthiness of the person than the vehicle. I always pay cash for vehicles but as low as rates are these days I would be tempted to finance a car rather than giving up the cash.

 

Thanks 3Hummers. I have pretty good credit. I've never had a problem buying a truck and my wife's car we got approved for 0%apr through GM. This gives me some hope I won't have to come up w/15-20k up front.

 

.if you have ANY cash you should spend it as soon as possible on stuff you normally buy and use. its a dead loss as you hold it to inflation, since you cant get any interest. buying stock in a market that is where it was 11 years ago doesent look promissing,,,but food products as an example,that are going up 10 to 20 %+,with 2 to 3 year date codes assures you of 10-20 %return,,,beats the bank.
the credit cards are giving money away at 1 PERCENT/YR!!! i just took 2000 at a $20 fee for 11 months just to have to grab deals on stuff going up,up,up.
if i had hummer cash,,,id spend it,,,fast

 

Cash provides flexibility. Also if you can borrow money at 3-4% and given our current rate of inflation and the expected future rate you could be borrowing money at an effective rate of zero or less.

 

I paid cash in full to Save a lot of $$$

 

If you have good credit, your not really saving alot with a low interest rate. I'd rather put my money to work and let the bank invest in a rolling depreciation. lol

 

My credit union loaned on a 03 mustang gt with 78k miles and a 06 h2 with 93k.
If your credit is right, you'll have no problem!