Do You Think I Will Get Approved For A H2??

[ocwescoast]

Hello and thank you for looking. I am looking to lease a hummer h2 sut with gmac and wanted to know if you guys think I would get approved for it. I am 18 and currently have a credit score of 740 and just bought an apartment by myself with no co-signer. Do you think I would get approved just me alone or will I need a co-signer? Please let me know what you think, all comments are appreciated. Thank you

[DRTYFN]

Hello and thank you for looking. I am looking to lease a hummer h2 sut with gmac and wanted to know if you guys think I would get approved for it. I am 18 and currently have a credit score of 740 and just bought an apartment by myself with no co-signer. Do you think I would get approved just me alone or will I need a co-signer? Please let me know what you think, all comments are appreciated. Thank you

DENIED

[HummBebe]

LMAO!!! Welcome:D

[Bully13]

Along with credit score, banks also look at your debt it income ratio. This is your prove-able income verses your bills that you have to pay and your cost of living. They may also consider your length of employment and years at past residence. They want to make sure that you will have no problem making your payments.

If you can afford it, I say give it a shot. Good Luck.

[CO Hummer]

PWN3D

[PARAGON]

Hello and thank you for looking. I am looking to lease a hummer h2 sut with gmac and wanted to know if you guys think I would get approved for it. I am 18 and currently have a credit score of 740 and just bought an apartment by myself with no co-signer. Do you think I would get approved just me alone or will I need a co-signer? Please let me know what you think, all comments are appreciated. Thank youHow did you buy an apartment?

[Aubs]

Hello and thank you for looking. I am looking to lease a hummer h2 sut with gmac and wanted to know if you guys think I would get approved for it. I am 18 and currently have a credit score of 740 and just bought an apartment by myself with no co-signer. Do you think I would get approved just me alone or will I need a co-signer? Please let me know what you think, all comments are appreciated. Thank you

I was 20 when I got mine. I had to have a cosigner. But I didn't experience any problems outside of that... Are you financing or leasing? I would suggest that you heavily consider the H3 if you are going to lease an H2 because you can own an H3 for almost the same payments. And personally, I wish I owned mine right now. I'm in a position where I will probably end up financing an H3, and giving up my H2.

[Connie_Chung]

And personally, I wish I owned mine right now. I'm in a position where I will probably end up financing an H3, and giving up my H2.

PWNED

[Boss Hoss]

Probably not without a cosinger. A 740 credit score with no credit history back it up means squat. That being said i cannot imagine you having extensive credit at 18 other than perhaps your parents putting you as an authorized user on credit cards.

[CO Hummer]

Hello and thank you for looking. I am looking to lease a hummer h2 sut with gmac and wanted to know if you guys think I would get approved for it. I am 18 and currently have a credit score of 740 and just bought an apartment by myself with no co-signer. Do you think I would get approved just me alone or will I need a co-signer? Please let me know what you think, all comments are appreciated. Thank you

In all seriousness.....
There's a guy on the forum named "KenP" who helps a lot of new Hummer owners. I'm sure he'd be glad to co-sign you. Send him a PM.

[phantom2]

Hello and thank you for looking. I am looking to lease a hummer h2 sut with gmac and wanted to know if you guys think I would get approved for it. Maybe...

[HummerNewbie]

In all seriousness.....
There's a guy on the forum named "KenP" who helps a lot of new Hummer owners. I'm sure he'd be glad to co-sign you. Send him a PM.

Then Ken could take Co-Pilot and Co-Sign wheeling with him :p

[The Juice]

Take it from me. You always want to keep a clean record.......squeeze......

[PARAGON]

Take it from me. You always want to keep a clean record.......squeeze......can I get my orange sherbert in SOFT serve?

[alldunn's chic]

uuuhhhhhhh NO;)

[ocwescoast]

wow you guys are a great help..... Thanks

[hmrlvr]

How did you buy an apartment?
That was my first thought:confused:

[working Hummer]

my edumacated theory on this is--- just find out from the dealer your buying it from. Thank you and there will be no charge.;) :D

[dеiтайожни]

wow you guys are a great help..... Thanks

What did you expect with the little info you gave us? I hear leases were harder to qualify for than just buying. Do you have anything for a trade-in or downpayment? Just try to buy it, it's the finance managers jobs at the dealership to get you financing, if you can't get something, they'll tell you what you need to do. Worse that can happen is everybody in the dealership drops everything and starts laughing at you.

[NEOCON1]

get the H3 its half the price ;) :D :D :D

[Motohead]

You bought an apartment? The whole complex? Or are you renting an apartment.


Just curious, at 18, paying for an apartment in CA by yourself, and Paying for an H2, what do you do for work? Or is it your parents that are paying you?

[ocwescoast]

You bought an apartment? The whole complex? Or are you renting an apartment.


Just curious, at 18, paying for an apartment in CA by yourself, and Paying for an H2, what do you do for work? Or is it your parents that are paying you?

Ya I bought the apartment, not a whole complex just 1 apartment. I work but my parents help me out a bit. Thanks for all the input everyone.

[Ed G.]

I'D KEEP AWAY FROM LEASES, OVERALL, THEY ARE A BAD DEAL. THEY USUALLY LEAVE YOU UPSIDE DOWN ON YOUR VEHICLE AND YOU STILL OWE A HELLA-LOT-OMONEY AT THE END OF THE TERM. LIKE OTHERS HAVE SAID, IT WOULD BE BETTER TO BUY AN H3.

ED

[MovinH2]

wow you guys are a great help..... Thanks


:p :rolleyes: :p

[HummerNewbie]

I work but my parents help me out a bit. Thanks for all the input everyone.

Then you might be able to pay the monthly payment but your income won't show that since it doesn't include the money your parents give you.

I'D KEEP AWAY FROM LEASES, OVERALL, THEY ARE A BAD DEAL. THEY USUALLY LEAVE YOU UPSIDE DOWN ON YOUR VEHICLE AND YOU STILL OWE A HELLA-LOT-OMONEY AT THE END OF THE TERM. LIKE OTHERS HAVE SAID, IT WOULD BE BETTER TO BUY AN H3.

ED

Depends on the situation whether a lease is a good or bad thing. As far a leaving you upside down, you are correct but most people that lease are not keeping the vehicle at the end of the lease anyway so that really doesn't matter.

[H2Buff]

If you are upside down at the end of a lease that is great. It means the leasing company is paying for the depreciation, not you.

[KenP]

In all seriousness.....
There's a guy on the forum named "KenP" who helps a lot of new Hummer owners. I'm sure he'd be glad to co-sign you. Send him a PM.:mad: ;) :mad:

[KenP]

Honestly, It's more difficult to get financing for a vehicle versus a home. After all, the home isn't going anywhere.

[LoLo]

Honestly, It's more difficult to get financing for a vehicle versus a home. After all, the home isn't going anywhere.

...nor depreciating nearly as much! :cool:

[BigNastyH2]

Hey there,

Im new here as well (haven't posted pics of my Hummer h2 yet, But I will eventually) BUT, I do have some great advice for him. What I did when I bought mine was I leased at a 3.00% interest rate instead of an outright buy at a 7.00% interest rate and I took the ballon note at $26,000. Also I am keeping/paying off my Hummer. My reason for doing this is if I would have taken the 7.00% outright buy with $10,000 down I would have over 72 months have paid about $68,000 ($951/mo) by the end for the car, while leasing at a 3.00% rate with $10,000 down I got a note of $624/mo for 47 months with a balloon note of $26,124 so I'll end up only paying (624 x 47months = $29,328) + $26,124 (balloon note) = $55,452, which equals a total savings of $12,458 than buying it outright. Sorry for the calculations, but I'm trying to show him the smart way to buy an H2...:D

[H2 BULLY]

if you can find someone who is 25, Hertz now rents H3's. You could drive a new one everyday.

Hertz H3 (https://www.hertz.com/rentacar/byr/index.jsp?targetPage=vehicleGuideDetailView.jsp&leftNavUserSelection=globNav_3_2_1)

[Dan Rather]

uuuhhhhhhh NO;)

Nobody asked you, fatso.

[H2 007]

Hey there,

Im new here as well (haven't posted pics of my Hummer h2 yet, But I will eventually) BUT, I do have some great advice for him. What I did when I bought mine was I leased at a 3.00% interest rate instead of an outright buy at a 7.00% interest rate and I took the ballon note at $26,000. Also I am keeping/paying off my Hummer. My reason for doing this is if I would have taken the 7.00% outright buy with $10,000 down I would have over 72 months have paid about $68,000 ($951/mo) by the end for the car, while leasing at a 3.00% rate with $10,000 down I got a note of $624/mo for 47 months with a balloon note of $26,124 so I'll end up only paying (624 x 47months = $29,328) + $26,124 (balloon note) = $55,452, which equals a total savings of $12,458 than buying it outright. Sorry for the calculations, but I'm trying to show him the smart way to buy an H2...:D

Ok, but at the end of 47 months, unless you have $26,124 laying around, you are going to need to finance that money as well as a standard loan if you want to keep the vehicle.

[GeorgeSSSS]

Tell the lender you're a friend of ours. That will finish you for sure.

[KenP]

Ok, but at the end of 47 months, unless you have $26,124 laying around, you are going to need to finance that money as well as a standard loan if you want to keep the vehicle.All that's left are basically the residual plus any penalties. At that point give the truck back, paying any penalties, or finance the remainder.