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Hummer H3 Lease Questions

404 messages,  Last post on Jun 30, 2008 at 2:10 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? HUMMER H3, Car Leasing, SUV


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#101 of 404
lease payment calculator by 67jeff
Feb 18, 2006 (9:18 am)
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Carman,
 
Id also like to know how you come up with the payment figures.
 
When I fill the info out at the gmac link from gmbuypower.com (smart lease stuff)
 
or use
 
http://www.leaseguide.com/lease08.htm
 
i always get a much higher number than you.
 
Also, where does GMAC publish its lease figures?
 
thanks
#102 of 404
Re: First time leaser [Car_man] by humbud
Feb 19, 2006 (11:43 am)
Reply

Replying to: Car_man (Dec 12, 2005 4:46 am)

First off I am new here and you (hosts) have helped me so much! I am now in a position to want to drive a newer car all the time and after reading many posts here and Leasing info on your home page I am considering leasing. I have seen this touched on but not directly.
My question; If i want chrome rims. Hummer offers them for about $900. On a 3y lease will I end up paying aprox. 40% of that? and the rest into residual value of truck? Next thought! Online I can buy a set of chrome rims AND tires (used 50 miles)for about the same as rims from dealer. What do you think?
PS. IF the stock tires last 3 years and 45k miles and return the lease in with bald tires is this considered normal wear, or will i have to pay for new tires?
 
THANK YOU so much.
Bud..................
#103 of 404
Residual costs on options by humbud
Feb 19, 2006 (11:55 am)
Reply
First off I am new here and you (hosts) have helped me so much! I am now in a position to want to drive a newer car all the time and after reading many posts here and Leasing info on your home page I am considering leasing. I have seen this touched on but not directly.
My question; If i want chrome rims. Hummer offers them for about $900. On a 3y lease will I end up paying aprox. 40% of that? and the rest into residual value of truck? Next thought! Online I can buy a set of chrome rims AND tires (used 50 miles)for about the same as rims from dealer. What do you think?
PS. IF the stock tires last 3 years and 45k miles and return the lease in with bald tires is this considered normal wear, or will i have to pay for new tires?
  
THANK YOU so much.
Bud..................
#104 of 404
Re: Residual costs on options [humbud] by marblez
Feb 19, 2006 (6:06 pm)
Reply

Replying to: humbud (Feb 19, 2006 11:55 am)

Here is a link to GMAC excessive wear policies.
 
http://www.gmacfs.com/us/en/objects/pdf/SL_SB_Excess_Wear_Mileage.pdf
#105 of 404
Re: Residual costs on options [marblez] by humbud
Feb 19, 2006 (7:46 pm)
Reply

Replying to: marblez (Feb 19, 2006 6:06 pm)

OK! Buy Or Lease? THATS the Question! We will go over mileage..20K a year total (5000over).
YOUR HELP NEEDED! sorry for yelling but I am pulling out what hair I got left!
 
Thanks Bud.....
#106 of 404
Best Deal In New Jersey by yoreet1
Feb 20, 2006 (10:32 am)
Reply
Please help me to find the best lease deal in New Jersey. People in Florham Park are giving me some outlandish lease numbers for H3 with luxury,chrome package on it.
 
Negotiated price is $33K
36 month lease is $588.00 per month. Ridiculous!
#107 of 404
Re: H3 Lease #'s [ksoles] by Car_man HOST
Feb 23, 2006 (4:13 am)
Reply

Replying to: ksoles (Feb 15, 2006 5:46 am)

You're welcome ksoles. I have created a spreadsheet in Excel that I use to calculate vehicles' lease payments. It actually is not that hard to do. Just use the formula that is outlined in the following article that is available here at Edmunds.com: Calculate Your Own Lease Payment.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#108 of 404
Re: lease payment calculator [67jeff] by Car_man HOST
Feb 23, 2006 (4:14 am)
Reply

Replying to: 67jeff (Feb 18, 2006 9:18 am)

Hi 67jeff. You can use the formula that is mentioned in the article that I provided a link to in my previous post to calculate the payment on any vehicle that you are interested in leasing. GMAC does not publish its lease rates and residual values anywhere that the general public can see them. It only gives this information to dealers.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#109 of 404
Re: First time leaser [humbud] by Car_man HOST
Feb 23, 2006 (4:27 am)
Reply

Replying to: humbud (Feb 19, 2006 11:43 am)

I'm glad that you have found this discussion so informative, Bud. Different banks have different rules about what options can and cannot be residualized. GMAC allows the residualization of most factory installed options. There is a good chance that you can residualize the chrome rims that you are interested in, but I am not positive that you can. You will need to ask your dealer to find out for certain. If you are allowed to, you will only have to pay for a percentage of the rims that you want. GMAC's residual value for a 3 year, 15,000 mile per lease of a Hummer H3 is currently 62%. This means that you would only have to pay for 38% of the rims. However, if they cannot be residualized and you added them to your leased truck, you would have to pay for their entire cost over the course of your lease.
 
GMAC requires that its leased vehicles have at least 1/8 of an inch of tire tread remaining when they are returned. If your tires are more worn than that, there is a good chance that you will be charged for replacements. You can find out more information on GMAC's excess wear and tear guidelines by clicking here: GMAC Excess Wear Square.
 
Car_man
Host
Smart Shopper / Prices Paid Forums
#110 of 404
Re: Residual costs on options [humbud] by Car_man HOST
Feb 23, 2006 (4:45 am)
Reply

Replying to: humbud (Feb 19, 2006 7:46 pm)

Hi Bud. If you exceed your truck's mileage allowance, 15,000 miles per year is the highest mileage limit that GMAC publishes residual values for, you will have to purchase additional miles on a per-mile basis. It is less expensive to purchase additional miles at lease signing than it is to wait until lease-end and have to pay an excess mileage penalty. So you can still lease if you drive 20,000 miles per year, it will just cost more than a 15,000 mile per year lease. Even if you had paid cash for your truck you would be paying for these miles in the form of depreciation, so your high mileage requirement is not necessarily a reason to avoid leasing.
 
Car_man
Host
Smart Shopper / Prices Paid Forums

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