- #120 of 404
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Re: Is this a good deal or can I do better? [dogsambam]
by Car_man HOST
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Apr 25, 2006 (2:30 pm)
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Replying to: dogsambam (Apr 11, 2006 11:49 am)
Hi dogsambam. A base 2006 Hummer H3 has a spread of a little over $2,300 between its full MSRP and dealer invoice prices. You are being given a discount of $3,170 on the truck that you are considering leasing. Unless you currently own one of the trucks that qualifies you for the $1,000 conquest incentive that Hummer is currently running on the H3, I suspect that this is fairly close to all the discount that there is to be had on this truck. Of course, if you can get an ID that allows you to purchase through GM's employee purchase program, you guarantee that you are getting a good deal.
Car_man
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- #121 of 404
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Re: Lease Information on a H3 [jstango]
by Car_man HOST
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Apr 25, 2006 (2:35 pm)
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Replying to: jstango (Apr 16, 2006 7:15 am)
Hello jstango. If you were to lease a 2006 Hummer H3 through GMAC right now for 36 months with 15,000 miles per year, its base lease rate and residual value should be 5.75% and 62%, respectively.
Car_man
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- #122 of 404
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Re: Is this a good deal or can I do better? [Car_man]
by carrie3
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Apr 26, 2006 (6:39 am)
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Replying to: Car_man (Apr 25, 2006 2:30 pm)
Is the dealer reimbursed by GM for the $1,000 conquest incentive? My dealer is only discounting a base H3 $33,855 MSRP -1,000 discount -$1,000 conquest cash(I own a Ford Explorer)=$31,855. Should the conquest cash be included in the $2,300 spread or should that be on top of it? Thanks for any advice.
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- #123 of 404
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Personal Property Tax in lease payment?
by carrie3
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May 03, 2006 (10:27 am)
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We decided on a different H-3 than my last post.
Here's the offer:
Red H3, Luxury Pkg. Adventure Pkg, Chrome appear Pkg., sunroof, brushguard, side airbags, monsoon stereo, etc.
MSRP: 38,600
GMID price 35,000(Thanks Paul)
conquest cash -1,000(I own a Ford Explorer)
base cap cost 34,000 (happy with this #)
lease quote(GMAC):
39 months/34,000/0 down
63% residual value
APR 6.75% (dealer is adding 1% for themselves to GMAC's 5.75%)
MO sales tax rate is 7.075%
MO personal property tax (roughly 1/3 market value x 7%)
Monthly lease payment $510 (I can't figure out how they're computing this)
$595 GMAC admin fee + 1st mth lease pmt due at signing
1. Is that normal for the dealership to add a point onto the interest rate for themselves?
2. Do personal property taxes usually go into the lease payment? If we purchased the car we wouldn't owe PPTax on it until December 2007(based on property owned on Jan.1 each year)!
3. When I run these #'s through leaseguide.com I come up with $430 before personal property tax. I guess the difference is PPTax $80/mth?
I'd appreciate any advice! I want to go buy it soon! Thanks in advance, Carrie
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- #124 of 404
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Couple of questions
by romankory
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May 13, 2006 (1:11 pm)
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I planning on leasing a H3. What i wanted to find out was the following. What is the Amount of the GM Employee discount and the amount of the GMID discount. I tried going to the web site listed on earlier posts however it did not show it.
Next, when you use GM Employee or GMID discount is the price set. Or are you still able to negotiate the price of the vehicle and then apply the discount afterward?
the one i'm looking at has a MSRP pf 33,825 (before any discounts applied). what kind of price should i expect to get after rebates (gm and conquest) and and price off sticker by dealer.
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- #125 of 404
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2007 h3?
by romankory
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May 14, 2006 (9:57 am)
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Another question. When is the 2007 H3 model year coming out? as that date approaches will the price on the 2006 fall?
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- #126 of 404
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Re: Is this a good deal or can I do better? [carrie3]
by Car_man HOST
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May 25, 2006 (5:02 am)
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Replying to: carrie3 (Apr 26, 2006 6:39 am)
Yes, carrie3, the $1,000 conquest incentive comes directly out of GM's pocket and should not have any impact upon the dealer discount that you are able to negotiate. Negotiate the best price that you can on this truck before incentives are taken into account and then have the dealer subtract the conquest cash from that figure.
Car_man
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- #127 of 404
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Re: Personal Property Tax in lease payment? [carrie3]
by Car_man HOST
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May 25, 2006 (5:07 am)
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Replying to: carrie3 (May 03, 2006 10:27 am)
Hey Carrie. Dealers often try to "mark up" vehicles lease rates and lease money factors. Just because this is a common practice does not mean that you should let this dealer do it on your deal. Consumers who know what the base lease rate or money factor for their vehicle is can almost always get the dealer that they are working with to agree to use it to calculate their lease payment. It's better for a dealer to lose the mark up than to lose the entire deal. $80 a month sounds like an aweful lot for tax. Let's estimate what this truck's lease payment should be and see what we come up with. According to my calculations, if you were to lease a 2006 Hummer H3 with an MSRP of $38,600 and a cap cost of $34,000 (through GMAC right now for 36 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $419. As you can see, the payment that you were quoted looks too high. Make sure to find out why.
Car_man
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- #128 of 404
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Re: Couple of questions [romankory]
by Car_man HOST
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May 25, 2006 (8:58 am)
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Replying to: romankory (May 13, 2006 1:11 pm)
Hi romankory. If you purchase a GM vehicle through its Employee Pricing program, the price is set and there is no negotiation. You should be able to find out all of the information about this program that you need, including the price of the exact truck that you want by logging in to the following site: GM Family First.
Car_man
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- #129 of 404
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Re: 2007 h3? [romankory]
by Car_man HOST
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May 25, 2006 (9:01 am)
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Replying to: romankory (May 14, 2006 9:57 am)
Hi again romankory. The price of 2006 Hummer H3 models should fall when the 2007 model is introduced as dealers try to unload their leftover inventory. Having said this, if you are purchasing through GM's Employee Purchase Program your price will not change.
Car_man
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