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yay got my h3 today~

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  #21  
Old 02-02-2007, 06:10 PM
Join Date: Feb 2006
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Default RE: yay got my h3 today~

Not too bad. Now your a Hummer owner. Congrats!
 
  #22  
Old 02-02-2007, 07:14 PM
HummBob's Avatar
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Default RE: yay got my h3 today~

YAY hummerboy!!! Sweet COLOUR!!!!!!!!!!!!!!
 
  #23  
Old 02-02-2007, 07:27 PM
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Default RE: yay got my h3 today~

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!!
 
  #24  
Old 02-02-2007, 09:32 PM
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Default RE: yay got my h3 today~

i know in california you have 30 days to get your own financing
 
  #25  
Old 02-02-2007, 09:43 PM
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Default RE: yay got my h3 today~

black ftw =) boo to boulder grey!! hehe jk
 
  #26  
Old 02-02-2007, 10:27 PM
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Default RE: yay got my h3 today~

Nice color!
 
  #27  
Old 02-02-2007, 10:55 PM
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Default RE: yay got my h3 today~

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 totalcost 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 thatyour 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 yourent 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 bylooking around here for your first items to customize with......and nicepics!

 
  #28  
Old 02-03-2007, 11:02 AM
Join Date: Jul 2006
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Default RE: yay got my h3 today~

Figures that soon as you mention "buncha chrome" Bob responds first. He's our Bling Master around here.
 
  #29  
Old 02-03-2007, 12:42 PM
Join Date: Dec 2006
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Default RE: yay got my h3 today~

Not only is there lots of chrome goodies but don't forget to make your shrine to the Hummer Goddess in your home or office. There are a ton of stuff to choose from, like CD players, posters, jewelry, clothing, miniture little hummers and on and on. There are lots of things to spend your money on besides your new Hummer and its payment.

Good luck and have a ball with your new Hummer H3 and remember you are in very good company now that you are a true Hummerite.
 
  #30  
Old 02-03-2007, 01:06 PM
Join Date: Aug 2006
Location: Crown Point, IN
Posts: 376
Default RE: yay got my h3 today~

Nice H3!! Good color choice too!
 


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