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Hummer H3 Lease Questions

415 messages,  Last post on Apr 27, 2009 at 5:09 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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#176 of 415
Re: Hummer H3 Deal? [drivin2fst] by nissan350z
Jul 22, 2006 (6:00 am)
Reply

Replying to: drivin2fst (Jul 21, 2006 1:31 pm)

Almost $31,000 OTD. MSRP was $34,000 with all the add ons. I had the suppliers discount from my company as well. I also took the 0.0 over 5 years too.
#177 of 415
louie5 did it! by louie5
Jul 22, 2006 (5:39 pm)
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Leased a 06 H3 today! 27 months with 15k annual miles at $471.00 a month,and $895.00 at signing. MSRP was $36;460.00(1sc)Superior Blue. It was for the Wife,and she overjoyed and calls it her "Command Vehicle"...louie5 over/out
#178 of 415
GMID?????? by BobL242
Jul 22, 2006 (6:18 pm)
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I read in post #134 the guy got a GMID. Would someone be kind enough to tell me what a gmid is? Thanks in advance.
#179 of 415
Alittle info GMID by louie5
Jul 23, 2006 (6:50 am)
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Someone who works for GMC or one of it's suppliers....louis5/bravo....over
#180 of 415
Lease...How Much Down? by egospa
Jul 24, 2006 (4:35 pm)
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Just left the dealer and we thought we should do some quick research before we go back in a few days. Here is what is being offered.
For vehicles under $32000 MSRP (Base Model)
$299 per Month
36 Month
10,000 miles per year
with $2999 due at signing
  
Our plan is to get one of the models with some good bells and whistles taking the price up to about $38,000
Our questions...
1. Is $2999 due at signing negotiable?
2. Any good tricks to bring to the table when talking lease?
3. Any advantage to a shorter lease?
 
Thanks for the help.
#181 of 415
Help with getting a GMID number.... by pipe23
Jul 25, 2006 (4:52 am)
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I would like to purchase a H3 but don't know a Gm employee to take advantage of the discounts….Would anyone be able to supply me with a GMID number???? Thank you for the help…
 
Pipe
#182 of 415
Re: Lease...How Much Down? [egospa] by chuck68516
Jul 25, 2006 (12:29 pm)
Reply

Replying to: egospa (Jul 24, 2006 4:35 pm)

egospa, the amount you put down is totally up to you. Most dealerships, including the one I leased from, only require you to pay the first monthly payment. Things to be aware of:
1. The residual value is going to change based on the length of the lease. I was first quoted on a 39 month lease. When I found out that the extra 3 months dropped the residual value from 62% to 57% I quickly decided that is the "sucker" deal. On the vehicle I was looking at that would have been over $1750 difference. I would avoid any of the 27 or 39 month deals.
2. Make sure you ask about the acquistion fee and documentation fees. Initially I was talking to another dealer and he told me there wasn't an acquisition fee and I couldn't understand why I was coming up with different monthly payments than he was. Turns out he put $595 acquisition fee in there.
3. Probably the most important of all is the money factor or APR. This is used to determine your "rent charge" or "usage charge" depending on wording. My dealer actually had it figured as an APR but if it is a money factor it will be APR divided by 2400. So it will be a decimal point figure like this (0.0014375). I ended up getting this or 3.45% APR. This figure can drastically change your monthly payment. It is multiplied by the net cap cost plus the residual value.
4. Some of the dealer installed options can't be residualized. So for instance you are paying 100% of the cost for the black roof rack and the floor mats. Supposedly GMAC will not let them residualize the cost of those options. I had 2 dealers tell me this so I assume it is legit.
 
My deal ended up being pretty sweet. I was talking to 3 dealers and the one I chose gave me 3.45% usage charge for 36 months with residual 62%. My monthly payment is $383.28 on a vehicle MSRP of almost $35K. I'm happy.
#183 of 415
Re: Lease...How Much Down? [chuck68516] by captchancey
Jul 29, 2006 (8:39 am)
Reply

Replying to: chuck68516 (Jul 25, 2006 12:29 pm)

Hey you guys,
 
I am getting the major run around here in FL. Reeves Hummer in Tampa told me the lowest they would sell un H3 for is $1500 under msrp. The lease prices I have been getting is $500 plus tax on a 27/15K lease with first months and LR. I had to tell Reeves and Dew Hummer that I guess they just weren't interested in selling a vehicle. I even let them know my wife's lease was up on Monday on her Tundra and we had to have a Vehicle.
#184 of 415
Re: Lease...How Much Down? [captchancey] by captchancey
Jul 29, 2006 (9:00 pm)
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Replying to: captchancey (Jul 29, 2006 8:39 am)

I just got back from Vera Hummer in Pembrooke Pines, FL with our new H3 Black Lux Hummer. I called around and got the run around. Vera was the only dealer of 4 that called back and said let's get it done. I drove 140 miles to get the H3 from them. The deal we ended up with was 650 out of pocket for first months and tag ($428 a month for 36month/15k mile a year). The H3 msrp stickered at $35,328 or something very close to that. I wanted a deal in the area of Ksoles but this was the best I could come up with. We are happy for the most part.
#185 of 415
Re: H3 Lease #'s [Car_man] by rvman
Aug 08, 2006 (8:18 am)
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Replying to: Car_man (Feb 15, 2006 3:09 am)

I dont have a GMID certificate and do not know where to get one...based on this, what do you think the lowest monthly lease payment would be on an HUMMER H3 with an MSRP of $38200. What should I expect as a discount? Can I use the $1200 DVD money toward lowering the selling price?
 
Thank you very much...rvman
(what dealers are offering the best deals now???)

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