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Hummer H3 Lease Questions

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

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

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#123 of 404 Personal Property Tax in lease payment? by carrie3 May 03, 2006 (10:27 am)
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 Replies to this message: Car_man (May 25, 2006 5:07 am)
#124 of 404 Couple of questions by romankory May 13, 2006 (1:11 pm)
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. Replies to this message: Car_man (May 25, 2006 8:58 am)
#125 of 404 2007 h3? by romankory May 14, 2006 (9:57 am)
Another question. When is the 2007 H3 model year coming out? as that date approaches will the price on the 2006 fall? Replies to this message: Car_man (May 25, 2006 9:01 am)
#126 of 404 Re: Is this a good deal or can I do better? [carrie3] by Car_man HOST May 25, 2006 (5:02 am)
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 Host Smart Shopper / Prices Paid Forums
#127 of 404 Re: Personal Property Tax in lease payment? [carrie3] by Car_man HOST May 25, 2006 (5:07 am)
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 Host Smart Shopper / Prices Paid Forums
#128 of 404 Re: Couple of questions [romankory] by Car_man HOST May 25, 2006 (8:58 am)
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 Host Smart Shopper / Prices Paid Forums
#129 of 404 Re: 2007 h3? [romankory] by Car_man HOST May 25, 2006 (9:01 am)
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 Host Smart Shopper / Prices Paid Forums
#130 of 404 06 Lease With GMID by ksoles May 29, 2006 (1:39 pm)
Car_Man, your knowledge and replies are awesome!!! Thank you from all of us! LOL,...can I pick your brain for few now? The H3 we are going to try and go after is MSRP of $38,115 , with my GMID it is $34,871.10. Also using the conquest $1000 making it $33,871.10. Can you please tell me which GMAC residual and base lease rate/money factor combo would come out best on a lease payment? Would it be 24, 27, 30, or 36 month term using 12k per year and doing 1st payment and plate at signing? Can you run your magic and give a heads up on pre-tax payment for each of those terms and what the residual and money factor should be on those so we can see of the Dealership is padding or not? Replies to this message: ksoles (Jun 04, 2006 7:25 am) Car_man (Jun 15, 2006 3:25 am) Car_man (Jun 15, 2006 3:13 am)
#131 of 404 It's now or never by rtgq May 31, 2006 (9:07 am)
Hello everybody,       I have been reading the posts for quite some time and really appreciate all the information. Thanks to all of you I not only learned about the GM pricing and what it is and how it could greatly reduce the cost of my vehicle, I found a way to get one. So now that I have my GMID and found the vehicle I want and have an appointment to "talk" with the finance people on Saturday. I just have a couple of questions if you don’t mind:   1) My girlfriend seems to think that I will not be able to achieve the price or the lease rate that I am seeing on the GM financing page she thinks that it will be much higher. Is that possible or can I just walk in with my GM price and not have to worry about it, I am not good at negotiating.   2) They told me that the conquest incentive ended on 5/25 (I have a ford explorer) can anybody confirm that or has GM extended it (I hope)?   3) I read a while ago that if the vehicle has been on the lot since October of 05 that there is $1000 bonus cash on it, is this still true and if so do I have to tell the dealership or will they just take that off the price   4) Is there anything that I am missing or should be aware of when I go, I have never leased before, I have only purchased in the past. I have read a lot of your posts and answers about residual values and finance rates so I think that I have informed myself as best as I can.   Thanks everybody   Russell Replies to this message: rtgq (Jun 01, 2006 11:14 am) dogsambam (Jun 01, 2006 12:48 pm) rtgq (Jun 02, 2006 11:31 am) Car_man (Jun 15, 2006 3:17 am)
#132 of 404 Re: It's now or never [rtgq] by rtgq Jun 01, 2006 (11:14 am)
Replying to: rtgq (May 31, 2006 9:07 am) Oh and one last question, which do you guys think is best the smart lease or smart buy???? If I was planning on buying it at the end of the 36 months regardless, the smart buy seems to come up with a cheaper monthly payment.   Thank You   Russell Replies to this message: dogsambam (Jun 01, 2006 12:48 pm) rtgq (Jun 02, 2006 11:31 am)

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