Quote:
Originally posted by jhawk:
I'm in St. Louis, so Lynch would be the dealership. Did the other dealerships say why they weren't doing it? It's still being offered as an option on the HUMMER website. I guess I like this option because in 2 years I could walk away from it and get a 2008, another in 2010, etc rather than making higher payments the whole time to purchase it and then more than likely trade it in for a new one once the 5 years are up. Are most of you planning on keeping yours once it is paid off?
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I was told they no longer used SmartBuy because it really wasn't any different from leasing and at the end of the SmartBuy term the final payment couldn't be refinanced (like you can with a lease). It was due in one lump sum. Now- I've heard differently from a few others however this is just what I've been told from the dealerships. They basically compared it to a land contract. I'll be the first to say that I don't know **** when it comes to stuff like this....so I really wouldn't be surprised if it's incorrect. Again- it's just what I was told.