Re: Hummer Interest rates
Quote:
Originally Posted by Steve - SanJose
The lease payment only covers the depreciation and sales tax for the period of the lease term (3 years is a common lease term). And the come-on leases often have low mileage limits (like 10,000 miles per year). If you exceed that mileage expect to pay 20-25 cents per mile at the end of the lease. Or if you want realistic mileage limits, you can add it to your monthly payment (at the rate of 15-20 cent per mile typically). Lastly lease programs are often heavily subsidized by manafacturer to move vehicles. Just some of the reasons for the lower lease payment (vs. purchase loan payment).
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As I see this more and more now, I've bought 5 or 6 hummers in the past, most were cut in half and stretched to limos so ovbiously you can't do a lease there. But I'm gonna get an 08 h2 soon , and I cant find any advantage to buying it over leasing it. Even paying for extra miles at 20 cents per mile its a big advantage over buying and then having to trade it in and get taken to the cleaners by the dealer on trade in. Lease and get a new truck every 3 years. I'm taking all the mods off my 03 h2 and putting them on the 08.
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My cars:
Lamborghini Murcielago
Supercharged Viper 800 HP Special Edition #49 of 50
Porsche Boxster S
My Hummers:
08 H2, 22 in rims, 6 HID lights, 20 in TV with DVD
4 H2 limos 3 have lighted dance floors + ceilings, 1 has Zebra interior 24-26 passengers
H2 Limo 26 pass lighted dance floor (sold)
H2 Limo 24 pass (sold)
03 H2 (sold)
H1 Open top (sold)
FirstClassLimos.net - H2 limos and party buses in OH & PA
my car collection
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