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#1
12-05-2008, 04:15 AM
Elcova Rookie
Join Date: Jul 2008
Posts: 8
How to get out of finance?
I had a 2005 H3 that I leased new, and then this year a few months ago I traded it in for a 2008 H3, but this time Financed.
If I wanted to change car, is there a way I can do that when it is being financed? How do I go about this?
#2
12-05-2008, 05:55 AM
Hummer Guru
Join Date: Dec 2005
Location: In a FREE U.S.A. where Marxism, Socialism & Communism is not allowed !
Posts: 5,485
Re: How to get out of finance?
a 2005 ???
a 2005 H-3 should be worth a hell of a lot of money... your talking collectors value !
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Last edited by RubHer Yellow Ducky : 12-05-2008 at 04:30 PM.
#3
12-05-2008, 12:20 PM
Hummer Professional
Join Date: Jul 2003
Location: Port Charlotte, Florida
Posts: 357
Re: How to get out of finance?
Sell it - lose money
Trade it - lose a lot of money
Let it go back to the finance company - lose money and ruin your credit
Best choice is to keep it
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#4
12-05-2008, 01:12 PM
Hummer Guru
Join Date: Jul 2006
Location: Stouts Creek
Posts: 4,192
Re: How to get out of finance?
You own it with a promise to pay the finance co...
Best bet call and see if you can renegotiate the rate of interest.
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#5
12-05-2008, 02:34 PM
Hummer Veteran
Join Date: Nov 2007
Posts: 101
Re: How to get out of finance?
You're going to owe that money no matter what. But if it is a new vehicle you are after, you can trade in the H3 and the remaining balance can be rolled into the monthly payments of whatever vehicle you want instead. Best idea, keep making payments until it is worth more than you owe, then sell it to pay off the balance.
#6
12-05-2008, 04:37 PM
Hummer Authority
Join Date: May 2005
Location: Redmond, WA
Posts: 1,423
Re: How to get out of finance?
i think this is a fake thread, since everyone knows the H3 didnt come to market until 2006. and anyone not knowing these basic principals is a troll or has been living under a rock forever
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