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-   -   Rebate or 0 intrest (https://www.chevyhhr.net/forums/general-hhr-4/rebate-0-intrest-16291/)

daniagm 07-01-2008 03:01 PM

Rebate or 0 intrest
 
What are most new buyers taking the 0 interest rate or the $2500.00 rebate?. What prices are you paying for the SS model

dedecv3 07-01-2008 03:04 PM

0 interest is a much better deal. If you finance for 5 years for full price you'll end up paying a lot more than $2500 in interest.

pitbull76 07-01-2008 03:16 PM


Originally Posted by dedecv3 (Post 283488)
0 interest is a much better deal. If you finance for 5 years for full price you'll end up paying a lot more than $2500 in interest.

Depends on how much you're financing... if you have a trade-in it may not be the best deal. Even without a trade-in it's pretty close to the same price:

22,500 @0%: ~375/month for 60 months

20,000 @5.29%(capital one's current rate): ~380.00/month for 60 months

So, you might save 300 by using 0%. But, if you sell the car early at all, you would probably loose the savings. You could also get screwed if it were wrecked early on in its life... you would be upside down for much longer if you took the 0%. I personally would take the cash rebate.

frostylaw 07-01-2008 04:05 PM


Originally Posted by daniagm (Post 283485)
What are most new buyers taking the 0 interest rate or the $2500.00 rebate?. What prices are you paying for the SS model

I took the 0 intrest! Heck of a deal!

NickHHRSS 07-01-2008 04:13 PM


Originally Posted by pitbull76 (Post 283492)
Depends on how much you're financing... if you have a trade-in it may not be the best deal. Even without a trade-in it's pretty close to the same price:

22,500 @0%: ~375/month for 60 months

20,000 @5.29%(capital one's current rate): ~380.00/month for 60 months

So, you might save 300 by using 0%. But, if you sell the car early at all, you would probably loose the savings. You could also get screwed if it were wrecked early on in its life... you would be upside down for much longer if you took the 0%. I personally would take the cash rebate.

True. It won't be until after the 50th payment that the 0% scenario has a lower UPB than the 5.29%.

SandyBeach 07-01-2008 06:26 PM

Two years ago when I got 0% financing, the dealer tried to talk me into a 72-month loan because it wouldn't cost me anymore. I wasn't sure how this new model would hold it's value so I stayed a 60-month loan. You can go 72 months now and save tons of money knowing the HHR will have a good resale value. That rebate disappears way too soon but 0% financing goes on and on.

VictorySpark08 07-01-2008 08:57 PM

The 0% is a better deal if you way upside down. I think my total was 28k Or something like that. There for the 0% is better then 6.99% for $28,000.

Depends on individual. I can tell you around here most people are takeing the 0% due to trading in one-two year old Suv's/Trucks.

Brwbier 07-02-2008 06:42 AM

Bought our 2008 LT1 a month ago and 0% wasn't available at that time. We got the $2500 rebate, $1000 GM credit card cash, $500 GM creditd card bonus cash and a dealer discount of $880, paid $17800. I've always heard if you can't pay for a car in three years you can't afford it. Our financing was 5.99% for 60 months so we sent in the payout amount yesterday. Interest would have been around $2400.
Brwbier

TY&HHR 07-02-2008 07:55 AM

Will be trading the '06 in for a '08 today, took advantage of the 0%. We always regreted not waiting and getting white to begin with, so now we have one and have the 100,000 mile warranty.

Songman 07-02-2008 11:09 AM

Don't forget that if you do a 0% interest deal you can save that big down payment you were going to make and put it back in the bank drawing interest and making money for you. That's how you really take advantage of the 0%.

Unfortunately when we bought out HHR two years ago, we didn't know about the 0% deal that was going on. We had found the HHR we wanted. We had decided to put a $10,000 down payment on it. When we got to the dealership and found out about the 0%, I should have made a smaller down payment and put the extra money back into an interest bearing account but we were excited so I still made the $10k down. Oh well, the $118 per month payment is not bad!


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